Exclusive-Nasdaq seeks to extend trading hours, as Wall Street gears up for 24/7 move

Core Viewpoint - Nasdaq is planning to submit paperwork to the U.S. Securities and Exchange Commission to initiate round-the-clock trading of stocks, aiming to meet the growing global demand for U.S. equities [1][2]. Group 1: Market Demand and Regulatory Changes - There has been a significant increase in investor demand for nonstop trading in U.S. stocks, leading regulators to introduce new rules and approve proposals from major exchanges for extended trading hours [2]. - The U.S. stock market accounts for nearly two-thirds of the global market value of listed companies, with total foreign holdings of U.S. equities reaching $17 trillion last year [2]. Group 2: Nasdaq's Trading Plans - Nasdaq's filing with the SEC represents its first formal step towards implementing round-the-clock trading, which is expected to launch in the second half of 2026 [3]. - The exchange plans to extend trading hours from 16 hours to 23 hours, five days a week, transitioning to two daily trading sessions [5]. - The new trading schedule will start on Sunday at 9 p.m. and conclude on Friday at 8 p.m., with a one-hour break for maintenance and clearing of trades [6].