Overview
- Cboe’s filing outlines trading from Sunday 9 p.m. ET to Friday 8 p.m. ET with a nightly pause from 8 p.m. to 9 p.m. Monday through Thursday.
- The proposal covers all National Market System stocks with clearing routed through the Depository Trust and Clearing Corporation.
- The company targets a December 2026 launch on EDGX, contingent on SEC approval and readiness across market infrastructure.
- Cboe cites rising off-hours activity, reporting a 590% increase in average daily early and overnight volume since February 2022, with demand growing from Asia-Pacific investors and active retail traders.
- Rivals are pursuing longer sessions as well, with Nasdaq preparing paperwork and NYSE exploring extended Arca hours, while analysts flag thinner overnight liquidity and potentially wider spreads.