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cover of episode Can NYSE stay up all night?

Can NYSE stay up all night?

2025/2/12
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Behind the Money

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Jennifer Hughes
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Jennifer Hughes: 作为美国市场编辑,我一直在关注夜盘交易这一趋势。虽然夜盘交易量相对于纽交所的日间交易量来说仍然很小,但它增长迅速。Robinhood等券商引领了夜盘交易的潮流,这主要是因为加密货币交易的兴起和散户交易的增长。亚洲的零售交易者对交易美国股票非常感兴趣。纽交所推出夜盘交易是为了避免错失机会,保持其作为卓越交易所的地位。然而,实现夜盘交易面临许多挑战,包括技术系统、运营和监管等方面。将“行情”过渡到全天候运行将是纽交所面临的最大障碍。交易所和经纪商的系统都需要有足够的时间进行测试和维护。夜盘交易可能会影响运营人员和投资者的生活质量。纽交所推出夜盘交易可能带来利润、声望和吸引亚洲日间交易者等好处。目前,夜盘交易存在很多未知因素,美国证券交易委员会可能会暂停审批,全面考虑市场结构。纽交所推出夜盘交易更多的是出于自豪感,而非利润。但从长远来看,率先进入夜盘交易领域的交易所可能会获得优势。

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The New York Stock Exchange wants to get in on a growing trend amongst investors: overnight stock trading. The largest exchange in the world recently submitted a proposal to allow shares to trade for 22 hours a day. US markets editor Jennifer Hughes looks into the thorny questions this proposal raises about how equity markets function. 

Clips from New York Stock Exchange 

For further reading:

Is Wall Street ready to stay up all night?)

US regulators approve first round-the-clock stock exchange)

What does Robinhood want to be when it grows up?)

Follow Jennifer Hughes on X (@jennhughes13)). Michela Tindera is on X (@mtindera07)) and Bluesky (@mtindera.ft.com)), or follow her on LinkedIn for updates about the show and more. 

Read a transcript of this episode on FT.com) Hosted on Acast. See acast.com/privacy) for more information.