Cboe reicht bei der SEC Antrag für verlängerte Optionshandelszeiten ein
Börsenbetreiber Cboe will den Handelstag für Optionshändler deutlich verlängern - und hat dafür jetzt offiziell die Genehmigung der US-Börsenaufsicht SEC beantragt.
Mehr Handelsstunden, mehr Möglichkeiten
Der Antrag zielt darauf ab, die aktuellen Handelszeiten auszuweiten und Händlern flexiblere Möglichkeiten zu bieten, ihre Positionen zu verwalten. In einem zunehmend globalisierten Marktumfeld wird der Druck auf traditionelle Börsen immer größer, sich an die non-stop Handelsrealität der Kryptomärkte anzupassen.
Regulatorisches Tauziehen erwartet
Die SEC muss nun den Antrag prüfen - ein Prozess, der typischerweise Monate dauern kann und bei dem traditionelle Finanzplayer ihre üblichen Bedenken vorbringen werden. Währenddessen handeln Krypto-Enthusiasten bereits 24/7, ohne auf Bürozeiten einer Behörde zu warten.
Letztendlich zeigt dieser Vorstoß einmal mehr: Selbst die etabliertesten Finanzinstitutionen müssen sich dem technologischen Fortschritt beugen - oder riskieren, irrelevant zu werden.
Cboe expands access with selective rollout plan
Unlike full-scale stock exchanges, Cboe isn’t flipping the switch for every contract. The exchange plans to limit the extended sessions to select equity options, chosen by metrics like volume, market capitalization, and share activity.
This cautious rollout, detailed in its SEC filing, focuses on the most active products to ensure liquidity. Cboe also said in a statement that:-
“Offering select equity options during these extended hours will help align the options market with the underlying equities and give investors more flexibility to manage risk and adjust positions outside of the traditional trading day. We view this as an incremental but meaningful step in light of the broader evolution towards 24×5 trading.”
Infrastructure prepares for full-day US trading
For 24-hour trading to officially happen across major exchanges like Nasdaq and the New York Stock Exchange, the US market’s clearing and data infrastructure needs to catch up.
That responsibility falls to the Depository Trust & Clearing Corp. (DTCC) and the Securities Information Processors (SIPs), and the DTCC has already announced it will start clearing equity trades during additional hours beginning in the second quarter of next year.
The SIPs, meanwhile, are preparing to extend data-feed processing to nearly 24 hours a day, five days a week, ensuring real-time price and quote updates during the new trading windows, according to Bloomberg.
“We are thrilled to be one step closer to expanding global access to US exchange liquidity,” Jon Herrick, chief product officer at NYSE, said in an emailed statement.
Right now, only brokerage platforms such as Robinhood and Interactive Brokers offer their clients 24-hour, five-day access to US stocs. They route these trades through off-exchange venues like Blue Ocean and Bruce Markets, which act as alternative trading systems operating outside traditional market hours.
Once DTCC and SIPs fully synchronize their systems, Cboe, Nasdaq, and NYSE will be able to bring that same flexibility onto regulated exchanges.
Meanwhile, the Dow Jones Industrial Average closed on Monday 515.97 points, or 1.12%, higher at 46,706.58. The S&P 500 also climbed 1.07% to settle at 6,735.13, while the Nasdaq Composite advanced 1.37% to settle at 22,990.54.
This week, several large companies are expected to report quarterly results. Netflix, Coca-Cola, Tesla and Intel are among the names on deck. Investors hope that earnings will continue to come in strong, possibly overshadowing any macroeconomic challenges.
Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.
