April 23 (Reuters) – Nasdaq said on Thursday it will roll out a suite of products to support its planned extension of U.S. equities trading to 23 hours a day, five days a week, as a push to expand global access to high-demand U.S. stocks gathers pace.
International demand for the lucrative U.S. equity market has surged in recent years, driven by rising retail participation, increasing financial literacy and easier access to digital trading platforms.
Nasdaq, whose flagship eponymous exchange host some of the world’s largest technology companies, expects the expanded trading to begin on December 6, subject to regulatory approvals.
The upgraded market products are designed to handle higher activity, spanning data analytics and visibility across all three of its equity exchanges, it said.
Currently, Nasdaq operates three daily sessions during weekdays: the pre-market session from 4 a.m. to 9:30 a.m. ET, the regular market session from 9:30 a.m. to 4 p.m., and the post-market session from 4 p.m. to 8 p.m.
The new 23-hour trading day is expected to run from 9 p.m. ET to 8 p.m.
(Reporting by Manya Saini in Bengaluru; Editing by Arun Koyyur)
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