New York Stock Exchange to go from 16 hours to 23 hours a day starting in the 3rd quarter

The New York Stock Exchange will extend its trading hours from 16 to 23 hours starting in the third quarter of the year. On October 10th, at the Korean Ministry of Finance's seminar titled "Advancing the Capital Market and Enhancing Global Competitiveness," Lin Martin, CEO of the New York Stock Exchange (NYSE) Group, announced that they plan to lead industry changes by extending trading hours.

Lin stated that they are preparing to make the market accessible throughout the day by widening the trading time from the current 16 hours to 23 hours.

The NYSE operates in three sections based on the US Eastern Time: pre-market (4 am to 9:30 am), regular market (9:30 am to 4 pm), and after-hours (4 pm to 8 pm). The new trading system will integrate these three sections and introduce nighttime trading. This means that regular trading will take place for 16 hours (4 am to 8 pm), while nighttime trading will be 7 hours (8 pm to 4 am the next day). The 8 pm to 9 pm window will serve as a break time for system checks and settlements.

The NYSE believes that global investors want to access US markets at their own time zones and that foreign demand for US stocks has significantly increased compared to the past. They have been pushing for trading hour extensions. Lin emphasized that the Korean foreign exchange market's 24-hour trading implementation starting July 6th is particularly noteworthy.

He also mentioned that NYSE participated in the DTCC's tokenization pilot project last July, which converts traditional securities (stocks and US government bonds, etc.) into blockchain-based digital tokens while preserving legal ownership and shareholder rights.