On March 17, the Chicago Board Options Exchange (CBOE) Global Markets, Inc. submitted a proposal to extend trading hours on its stock and options exchange, EDGX. The market operator said Monday it plans to allow all listed NMS stocks to trade on EDGX from 9 p.m. Sunday to 8 p.m. Friday, ET. The company plans a one-hour operational halt between 8 p.m. and 9 p.m. ET, Monday through Thursday. CBOE stated that demand for U.S. stocks outside of traditional trading hours has increased in recent years.
CBOE already operates 24/7 trading through its proprietary index futures and options, as well as in the global foreign exchange market. Oliver Sung, head of CBOE's North American equities division, stated that the filing with the U.S. Securities and Exchange Commission is the latest step in ensuring readiness to launch trading in December. CBOE offers a trading platform for stocks and derivatives, including products linked to its flagship VIX volatility index, often referred to as the market's "fear gauge." (Jinshi)
