Wider adoption of around-the-clock trading may be coming, but experts are divided on the potential outcomes for investors.
this 24X National Exchange It will be launched later this year, following in the footsteps of brokerages such as Interactive Brokers and Robin Hood Market Giving investors almost continuous access to their holdings. GraniteShares’ Will Rhind isn’t surprised by the move.
The founder of the company said: “Many investors understand from the crypto world that now, if you have an iPhone, you can trade cryptocurrencies 24/7 from anywhere in the world, and they want to do this through ETFs.” Chief. Executive officials told CNBC’s “ETF Edge” on Monday.
Even larger exchanges such as New York Stock Exchange are looking to join this trend. The NYSE announced in October plans to extend weekday trading hours to 22 hours.
“This is another step in the evolutionary process, further legitimizing it through exchange,” Reind added.
Others are more skeptical about the use cases for extended trading, such as Ben Johnson, director of client solutions and asset management at Morningstar. He saw the value in shorter trading days.
“Your portfolio is like a bar of soap,” Johnson said in the same interview. “The more you process, the more you trade, the less you end up getting.”
While proponents argue that non-stop trading may also provide investors with more opportunities to trade overseas stocks, Johnson believes that international exchange-traded funds may have filled that gap.
“ETFs as a package, as a vehicle, by virtue of being listed and traded on an exchange, really opens up different markets, opens up different opportunities, not just for U.S. investors but for investors around the world,” he said. “
