BlockBeats News, March 17th, the Chicago Board Options Exchange Global Markets filed a proposal to extend the trading hours of its stock and options exchange, EDGX. The market operator said on Monday that it plans to allow trading of all listed NMS stocks on the EDGX from 9 p.m. Sunday Eastern Time to 8 p.m. Friday. The company plans to have a one-hour operational pause between 8 p.m. and 9 p.m. Eastern Time from Monday to Thursday. CBOE stated that there has been an increased demand for trading U.S. stocks outside of traditional trading hours in recent years.
CBOE already operates 24/7 trading through its proprietary index futures and options as well as its global FX market operations. Oliver Sung, Head of CBOE’s North American Equities Division, said the filing submitted to the SEC is the latest step in preparing to launch trading in December. CBOE offers stock and derivatives trading platforms, including products linked to its flagship VIX volatility index, often referred to as the market’s “fear index.” (Golden Finance)
