Key facts
- Nasdaq will launch a new overnight trading session.
- The new session begins on December 6.
- Trading hours will extend to nearly 23 hours per day.
- The overnight session will run from 9 p.m. to 4 a.m. ET.
- The move aims to compete with crypto markets.
- The initiative seeks to attract global investors.
- Nasdaq intends to broaden investor access to U.S. equities.
- The exchange wants to capture a larger share of foreign holdings.
Nasdaq is set to introduce a new overnight trading session, significantly extending its operational hours to nearly 23 hours per day. This new session will commence on December 6, running from 9 p.m. to 4 a.m. Eastern Time. The primary motivation behind this expansion is to enhance Nasdaq's competitiveness against cryptocurrency markets, which operate 24/7, and to attract a broader base of global investors. By offering extended trading hours, Nasdaq aims to provide greater access to U.S. equities for investors in different time zones and to capture a larger portion of foreign capital invested in American stocks. This initiative represents a strategic effort to adapt to evolving market dynamics and investor demands for more flexible trading opportunities.