SEC Courts Major Firms for 24-Hour Trading Push
The US Securities and Exchange Commission (SEC) has reached out to several prominent financial institutions, including Blackrock and Robinhood, as well as the New York Stock Exchange (NYSE), in a bid to promote 24-hour trading.
The SEC's push for extended trading hours is aimed at increasing market efficiency and reducing volatility, according to sources. This move comes as the cryptocurrency market continues to grow, with many traders and investors seeking more flexibility in their trading schedules.
The institutions involved have not commented on the matter, but industry experts expect a significant impact on the market if 24-hour trading becomes a reality.