ChainThink reports that on March 17, Cboe Global Markets filed a proposal to extend trading hours on its stock and options exchange, EDGX. The market operator stated on Monday that it plans to allow all listed NMS stocks to be traded on EDGX from 9:00 p.m. Eastern Time on Sunday through 8:00 p.m. Eastern Time on Friday. The company intends to implement a one-hour operational pause between 8:00 p.m. and 9:00 p.m. Eastern Time Monday through Thursday. CBOE noted that demand for U.S. stocks outside traditional trading hours has increased in recent years.
CBOE has been offering round-the-clock trading through its proprietary index futures and options, as well as global foreign exchange markets. Oliver Sung, Head of CBOE’s North American Equities division, stated that the filing with the SEC is the latest step in preparing to launch trading in December. CBOE provides trading platforms for equities and derivatives, including products linked to its flagship VIX volatility index, commonly known as the market’s "fear index." (Jin10)