Nasdaq moves to start 23-hour trading, plans to submit paperwork to SEC

Group 1 - The proposed global trading hours would start at 4:00 a.m. and end at 8:00 p.m., followed by a one-hour break for maintenance, testing, and clearing [1] - Critics, including Wells Fargo's Trading Desk, argue that this change could further gamify the stock market, making trading resemble gambling more than investing [1] - Concerns have been raised about liquidity, staffing, and the potential for increased volatility due to extended trading hours [1][4] Group 2 - The evolution of digitization, decentralization, gamification, and tokenization is expected to be fully realized by 2026, indicating a significant transformation in the market [2] - Continuous trading without a closing window may lead to behavioral changes among investors, encouraging them to trade more frequently [3] - The potential for wide price swings during low liquidity periods could increase volatility and negatively impact investors [4]