Jump Trading CIO: 24/7 trading ‘inevitable’
Execs from Jump, JP Morgan, Goldman Sachs, and the DTCC say round-the-clock trading—whether five or seven days a week—is the future, but tech and data hurdles still exist.
Last week, Nasdaq made its intentions known to introduce 24-hour, five-days-a-week trading on its equities exchange starting in the second half of next year. While this move is still subject to regulatory approval from the US Securities and Exchange Commission, Nasdaq is looking to join a growing list of round-the-clock venues.
Last year, the New York Stock Exchange announced plans to expand the trading window at its Arca equities exchange to 22 hours (and it has subsequently received SEC
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