The New York Stock Exchange Plans to Extend Weekday Trading on its NYSE Arca Equities Exchange to 22 Hours a Day
October 25 2024 - 6:30AM
Business Wire
Will support the global, exchange-based trading
of all U.S.-listed equity products
Extended-hours trades to be cleared by DTCC
The New York Stock Exchange, part of Intercontinental Exchange,
Inc. (NYSE: ICE), a leading global provider of technology and data,
today announced plans to extend weekday trading on its NYSE Arca
equities exchange to 22 hours a day.
The extended trading would take place from 1:30 am to 11:30 pm
Eastern Time on all weekdays, excluding holidays, subject to
regulatory approval. The NYSE will also seek support for extended
trading from the U.S. securities information processors. NYSE
Group’s NYSE Arca is a fully electronic exchange that ranks as the
top U.S. exchange for listing and trading exchange-traded funds.
All U.S.-listed stocks, ETFs and closed-end funds would be
available for trading on NYSE Arca during the 22-hour weekday
sessions.
“The NYSE’s initiative to extend U.S. equity trading to 22 hours
a day, 5 days a week underscores the strength of our U.S. capital
markets and growing demand for our listed securities around the
world,” said Kevin Tyrrell, Head of Markets, New York Stock
Exchange. “As the steward of the U.S. capital markets, the NYSE is
pleased to lead the way in enabling exchange-based trading for our
U.S.-listed companies and funds to investors in time zones across
the globe.”
The NYSE plans to file updated rules with the Securities and
Exchange Commission for the extended trading. Trades taking place
on NYSE Arca during these additional extended hours will continue
to be cleared by the Depository Trust & Clearing Corporation,
which recently announced plans to extend its hours of
operation.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune
500 company that designs, builds and operates digital networks that
connect people to opportunity. We provide financial technology and
data services across major asset classes helping our customers
access mission-critical workflow tools that increase transparency
and efficiency. ICE’s futures, equity, and options exchanges
– including the New York Stock Exchange – and clearing
houses help people invest, raise capital and manage risk. We
offer some of the world’s largest markets to trade and clear energy
and environmental products. Our fixed income, data services
and execution capabilities provide information, analytics and
platforms that help our customers streamline processes and
capitalize on opportunities. At ICE Mortgage Technology, we
are transforming U.S. housing finance, from initial consumer
engagement through loan production, closing, registration and the
long-term servicing relationship. Together, ICE transforms,
streamlines and automates industries to connect our customers to
opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its
affiliates is located here. Key Information Documents for
certain products covered by the EU Packaged Retail and
Insurance-based Investment Products Regulation can be accessed on
the relevant exchange website under the heading “Key Information
Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 – Statements in this press release regarding
ICE's business that are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion
of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see ICE's Securities and Exchange Commission (SEC)
filings, including, but not limited to, the risk factors in ICE's
Annual Report on Form 10-K for the year ended December 31, 2023, as
filed with the SEC on February 8, 2024.
Category: NYSE
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version on businesswire.com: https://www.businesswire.com/news/home/20241025235193/en/
NYSE Media Contact: Lauren Sullivan lauren.sullivan@nyse.com
(212) 656-2321
ICE Investor Contact: Katia Gonzalez katia.gonzalez@ice.com
(678) 981-3882
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