TechFlow, Dec 16 — According to foreign media reports, Nasdaq plans to file documents with the U.S. Securities and Exchange Commission on Monday to launch round-the-clock stock trading services. Nasdaq intends to extend trading hours for stocks and exchange-traded products (ETPs) from the current five days a week, 16 hours per day, to 23 hours per day. Nasdaq's new "5X23" model will consist of two main trading sessions: ① Day session: from 4:00 a.m. to 8:00 p.m. Eastern Time. This session will continue to include pre-market, regular, and post-market trading periods, with the regular market opening bell (9:30) and closing bell (4:00) preserved. ② Night session: from 9:00 p.m. Eastern Time to 4:00 a.m. the following day. Trades executed between 9:00 p.m. and midnight will be considered as transactions of the next calendar day. Under the new plan, the trading week will begin at 9:00 p.m. on Sunday and end at 8:00 p.m. on Friday after the day session concludes. (Jinshi)
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