The SEC will host a roundtable on Sept. 17 to work out the mechanics of round-the-clock U.S. equity trading, pulling in Blackrock, Citadel Securities, NYSE, Nasdaq, Robinhood and more than a dozen other major firms. The session comes as Nasdaq, 24 Exchange and NYSE already build toward near-round-the-clock trading ahead of any new SEC rules.
The U.S. Securities and Exchange Commission will host a roundtable on Sept. 17 to determine what it takes to run U.S. equity markets around the clock. The panelist list includes 17-plus major panelists, including Blackrock, Citadel Securities, NYSE, Nasdaq, Robinhood and Interactive Brokers.
A Roundtable With Wall Street's Biggest Names
The event runs from 10 a.m. to 4 p.m. ET at the SEC's Washington headquarters, open to the public and streamed live on the agency's website. The list also includes Citi, UBS, Cboe, DTCC, Invesco, Charles Schwab, Samsung, Jane Street, State Street, BNP Paribas and BNY Pershing.
What's on the Agenda
Discussion will center on exchange and broker-dealer operational readiness, surveillance capabilities for overnight sessions, and clearance and settlement systems built for hours markets have never traded in before. SEC Chairman Paul Atkins has said the effort is part of a push to modernize the structure of U.S. equity markets. Atkins added that a roundtable staffed this heavily with exchanges, clearinghouses and market makers signals the agency wants operational buy-in before it writes new rules, not after.
Wall Street Isn't Waiting
Parts of the market are already moving toward round-the-clock trading regardless of the roundtable's outcome. Nasdaq has targeted Dec. 6 for a new overnight session that would stretch close to 23 hours, pending final regulatory sign-off. 24 Exchange, backed by Steve Cohen's Point72 Ventures, has already won SEC approval to run a stock exchange with roughly 23 hours of trading five days a week.
NYSE floated its own extended-hours model in 2024, an idea its executives said was shaped partly by watching how bitcoin and crypto markets simply never close.
Last year, Citadel Securities sent the SEC a 29-page letter pushing for clear rules and stronger infrastructure before extended hours roll out broadly. Analysts see the Sept. 17 session as the agency trying to catch up to a shift the market has already decided is coming.
Source: Bitcoin News
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