First 24-hour US stock exchange approved

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The story "First 24-hour US stock exchange approved" was covered 10 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 10h ago

First 24-hour US stock exchange approved - Financial Times

Quick Summary:

Sifma, an industry body that had called for the SEC to conduct a wider review of the implications of 24-hour trading, said it was reviewing the regulator’s 106-page approval order.

A regulated overnight exchange will mark a big change because it represents the “lit” market where trades and their prices become the official record.

Brokers such as Robinhood execute customer out-of-hours stock orders in so-called “dark pools” whose members trade among themselves, and whose prices are not disseminated across the market.