PANews, March 21 news, according to CoinDesk report, global stock and other traditional financial asset traders hope to be able to trade assets around the clock, which has prompted the two major US stock exchanges - Nasdaq and the New York Stock Exchange (NYSE) to take action, planning to provide around-the-clock trading services in the near future. Giang Bui, head of Nasdaq US stocks and exchange-traded products, said at the New York Digital Asset Summit on Thursday: "We do see the market moving in this direction. There is a huge global demand for US stocks, and people want to trade during the hours they are typically awake, and I think this is largely because people have become accustomed to 24/7 cryptocurrency trading." Bui added: "We've heard this demand from global brokers, their clients, and even domestic US brokers. Many US brokers have already offered overnight trading services because their clients are used to trading cryptocurrencies during these time periods."

Nasdaq and the NYSE are applying for approval to extend their trading venue hours to 24 hours a day, 5 days or even 7 days a week. Nasdaq recently announced that it has begun discussions with regulators about this change, while the NYSE has already obtained approval. Around-the-clock trading has multiple advantages for the market, including increasing trading volume and market liquidity, as traders are no longer limited to specific time zones. Currently, US stock market trading hours are from 9:30 am to 4:00 pm Eastern Time.