Behind the Money Can NYSE stay up all night?
10 snips
Feb 12, 2025 
Jennifer Hughes, US markets editor for the Financial Times, dives into the NYSE's bold proposal for 22-hour trading. She discusses the surge in overnight stock trading and the implications for retail investors. Jennifer outlines the challenges of regulatory fairness and transparency that come with such a shift. The impact on traders' work-life balance is also examined, alongside the opportunities to attract Asian day traders. This conversation unveils the complexities of modernizing one of the world’s largest exchanges.
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Rise of Overnight Trading
- Retail brokers like Robinhood are driving overnight trading by catering to retail traders.
- This trend started roughly 18 months prior to the podcast's release.
Drivers of Overnight Trading
- Factors like the 24/7 nature of crypto trading, the growth of retail trading during the pandemic, and Asian retail traders' interest in U.S. stocks fuel overnight trading's popularity.
- This demand presents the NYSE with a dilemma.
NYSE Following Retail
- The NYSE's interest in overnight trading is unusual because it follows retail, not institutional, trends.
- This shift could impact Wall Street's traditional work patterns.