US exchanges dey reason make dem do 24/7 trading; fear say liquidity no go dey and dem dey worry sey SEC/FINRA fit manipulate
US exchanges—including NYSE, Nasdaq, CME and Cboe—dey dey consider make dem extend equity trading go 24/7 as industry debate don heat up. If dem do am, e fit change how price dey form and liquidity pattern dem, and how market dey process news wey land for weekend and holiday.
Mati Greenspan from Quantum Economics tok sey 24/7 trading fit reduce disadvantage for retail investors, because when market close after hours brokers fit set the first tradable prices when market open again. But other experts warn sey 24/7 trading fit make volatility worse when liquidity thin outside regular hours. Joe Dente (NYSE) point sey bid-ask spreads dey wider during low-volume times, and researchers from UC Berkeley and University of Rochester find sey off-hours price discovery no dey as efficient because volume dey low.
Regulators still dey focused on manipulation risk. Dente warn sey thin liquidity fit make price moves easy to engineer. One SSRN-cited example show brokers dey place big orders just before open then dem cancel am to distort prices. SEC don fine firms like Velox Clearing for misleading order behavior, and FINRA dey push for stronger surveillance and reporting.
Crypto parallels show say decentralized venues dey run near-constantly. Hyperliquid dey reported to don pass $50B weekly derivatives volume and about $1.6M daily revenue, backed by new S&P 500-linked perpetual futures.
For traders: 24/7 trading for traditional markets fit affect cross-market sentiment and volatility expectations around big weekend events, but direct effect on crypto likely indirect.
Neutral
Di palava whether dem go bring 24/7 trading for US traditional stock market, di main argument dey for two tings: one na e fit better (or at least change) price discovery and the disadvantage retail investors get for opening price; two na liquidity outside normal trading hours thin pass, so e fit cause higher volatility and make am easier for people to manipulate (SEC/FINRA enforcement and checks don make dis concern stronger). These changes go mainly affect traditional market trading structure, spreads and volatility patterns.
For crypto assets themselves, the article talk say decentralized venues nearly dey run full time and give Hyperliquid derivatives activity as example, but "24/7 trading" na more cross-market story and way risk preferences fit spread: short-term e fit affect sentiment and how volatility dey priced around major weekend events; long-term e depend on whether traditional markets actually adopt 24/7 and the new volatility patterns wey follow. Because there no clear evidence of direct changes to supply/demand or regulation for specific crypto assets, overall view lean more neutral.