NYSE, Nasdaq Move Toward 24-Hour US Stock Trading

The real signal here is competitive pressure from venues that already trade continuously: crypto platforms, all-hours prediction markets and 24/7 brokers are setting the operating standard, and the incumbent exchanges are responding defensively. The beneficiaries would be non-US participants who currently carry overnight gap risk, while the open question is whether extended sessions attract genuine depth or simply spread already-thin liquidity across more hours. Watch whether the plans move from drafting to formal rule filings, and whether market makers commit to quoting around the clock.