延长股票交易时间！刚刚宣布，美股将迎重大变革

Core Viewpoint - Nasdaq plans to extend trading hours for stocks and exchange-traded products from 16 hours to 23 hours per week, aiming to meet the growing global demand for U.S. stocks, with a target launch in the second half of 2026 [1][3][4] Group 1: Extended Trading Hours - Nasdaq will submit a proposal to the SEC on December 15 to implement nearly round-the-clock trading, with trading hours extending from 4 AM to 8 PM for daytime and from 9 PM to 4 AM for nighttime [2][3] - The new trading week will start on Sunday at 9 PM and end on Friday at 8 PM, marking a significant step towards achieving continuous trading [3][4] Group 2: Market Demand and Globalization - There has been a surge in demand for uninterrupted trading from international investors, particularly from Asia and Europe, who face challenges due to time zone differences [3][5] - Nasdaq's senior vice president Chuck Mack emphasized the increasing globalization of markets and the need for investors to trade according to their local schedules [3][5] Group 3: Industry Trends and Competitors - Other major exchanges, including the New York Stock Exchange and the Chicago Board Options Exchange, are also pursuing similar plans to extend trading hours, indicating a trend in the U.S. capital markets [4] - The success of all-hours trading will depend on upgrades to the securities information processor and the introduction of all-hours clearing services by the DTCC by the end of 2026 [4] Group 4: Investor Behavior and Market Dynamics - Despite lower trading volumes during extended hours, there is a notable increase in demand for nighttime trading, with many investors currently relying on alternative trading systems [5] - Nasdaq has previously submitted proposals for trading tokenized stocks, reflecting its commitment to adapting to market trends and investor needs [5]