The plan, which is still subject to SEC approval, means Nasdaq’s trading day will last from Sunday evening to Friday evening with nary a respite. For European investors, the new window of 9pm to 4am ET will be 3am to 10am CET, allowing them to trade Nasdaq-listed equities for nearly an entire session before London opens.
Nasdaq already operates longer sessions from 4am to 9:30am, dubbed pre-market session, and 4pm to 8pm ET, titled after-hours session, outside its main 9:30am to 4pm hours, but access to that early and late trading has traditionally been reserved to institutional investors with direct market links. Traditional exchanges have faced rising pressure to expand access and extend trading hours.
Geopolitical shocks under the Trump administration have frequently occurred when Wall Street was closed, most notably when US and Israeli strikes on Iranian nuclear sites were announced on a Saturday morning in February, forcing traders to use crypto exchanges and decentralized platforms to price oil, gold, and silver in real time.
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