Core Viewpoint - Nasdaq is seeking regulatory approval to extend its trading hours to 23 hours on weekdays, aiming to meet the growing demand from global investors for trading flexibility [1][3]. Group 1: Nasdaq's Trading Hour Extension - Nasdaq has submitted a proposal to the SEC to add a new trading session from 9 PM to 4 AM Eastern Time, in addition to existing pre-market, regular, and after-hours trading sessions [1][3]. - The company emphasizes that the extension is driven by the increasing interest from investors in trading U.S. stocks outside traditional hours, which are currently from 9:30 AM to 4 PM Eastern Time, Monday to Friday [1][3]. - Nasdaq anticipates being ready to implement the extended trading hours by the third quarter of 2026, pending regulatory approval and alignment with other industry participants [1][3]. Group 2: Market Impact - The proposed changes are expected to attract more retail investors from various global markets, particularly benefiting South Korean retail investors who hold significant amounts of U.S. stocks [2][4]. - Other exchanges, such as the New York Stock Exchange, are also planning to extend trading hours, with a proposal for 22 hours of trading time already receiving preliminary approval from the SEC [1][3].

Core Viewpoint - The London Stock Exchange Group (LSEG) is considering extending trading hours to meet the growing demand from retail investors, potentially moving towards a 24-hour trading model [1][3][6]. Group 1: London Stock Exchange Considerations - LSEG is evaluating the feasibility of extending trading hours, including necessary technology and regulatory impacts [3][5]. - Discussions are ongoing regarding the potential implementation of 24-hour trading or extended trading hours, reflecting a broader conversation about new products and services [4][6]. - The initiative aims to enhance the attractiveness of the UK market and encourage investment from overseas and younger traders [6][9]. Group 2: Global Trends in Trading Hours - Nasdaq has applied to extend trading hours to 24/5, responding to increased interest from global investors, particularly in Asia [2][14]. - Other exchanges, such as the Indonesian Stock Exchange and the Chicago Board Options Exchange, are also exploring extended trading hours to boost market activity [11][15]. - The Tokyo Stock Exchange has already implemented a minor extension of trading hours to improve market efficiency [17]. Group 3: Market Challenges - The UK stock market is facing challenges, including declining trading volumes and a lack of new listings, raising concerns about its status as a global capital center [9][10]. - Recent data indicates a significant drop in IPO activity, with only five companies listed in the first half of the year, raising questions about the market's attractiveness [9][10]. - Traditional fund managers may resist extended trading hours due to complications in pricing and valuation based on closing prices [8].

Core Viewpoint - The Indonesian Stock Exchange (IDX) is considering extending trading hours to enhance market activity and liquidity for investors, following similar moves by other global exchanges [1][2][3]. Group 1: Indonesian Stock Exchange Developments - IDX is exploring the addition of a third daily trading session, currently in preliminary discussions with market stakeholders [2][3]. - The proposal aims to provide greater flexibility for investors without increasing the number of trading days [2][3]. - Previous adjustments have already been made, extending the closing time from 3:00 PM to 4:00 PM Jakarta time [3]. Group 2: Global Exchange Trends - Nasdaq plans to introduce 24-hour trading services by 2026, responding to growing demand from global investors [3][4]. - The Chicago Board Options Exchange (CBOE) announced plans for 24-hour trading pending regulatory approval [5]. - The New York Stock Exchange (NYSE) aims to extend trading hours to 22 hours on weekdays, pending regulatory approval [5]. Group 3: Monetary Policy and Economic Context - The Indonesian central bank recently cut the benchmark interest rate by 25 basis points to 5.5% to stabilize inflation and support economic growth [6]. - This marks the second rate cut in 2023, following a reduction from 6% to 5.75% earlier in the year [6]. - A memorandum of understanding was signed between the central banks of China and Indonesia to promote bilateral currency settlement, expanding the scope of cooperation [7].

Group 1 - The Indonesian Stock Exchange (IDX) is considering extending trading hours to enhance market activity and provide greater flexibility for investors [2][3] - The proposal aims to add a third trading session without increasing the number of trading days, while still adhering to the national calendar and central bank's working hours [2][3] - Iman Rachman, the IDX president, emphasized the need for strategic adjustments based on a clear understanding of the target market and ongoing discussions with market participants [3] Group 2 - Other global exchanges, such as Nasdaq and the Chicago Board Options Exchange (CBOE), are also exploring extended trading hours, with Nasdaq planning a 24-hour trading service by the second half of 2026, pending regulatory approval [3][4] - The New York Stock Exchange (NYSE) announced plans to extend trading hours to 22 hours per day for its fully electronic trading platform, pending regulatory approval [5][6] - The Tokyo Stock Exchange has already extended its trading hours by 30 minutes to improve market efficiency, resulting in a total trading time of 5.5 hours [6] Group 3 - The Indonesian central bank recently cut the benchmark interest rate by 25 basis points to 5.5% to stabilize inflation and support economic growth, marking the second rate cut this year [7] - The central bank aims to maintain inflation within a target range of 2.5%±1% for 2025 and 2026, while also promoting digital economy and inclusive finance [7] - A memorandum of understanding was signed between the central banks of China and Indonesia to enhance bilateral currency settlement cooperation, expanding the scope to include capital and financial accounts [8]