According to Foresight News, the New York Stock Exchange (NYSE) is reportedly investigating the benefits of round-the-clock stock trading. At the same time, 24 Exchange, a startup backed by Steve Cohen's Point72 hedge fund, is seeking approval from the Securities and Exchange Commission (SEC) to launch the first all-day trading platform. This application marks the second attempt by 24 Exchange, which withdrew a proposal last year due to operational and technical issues.
In response to these developments, Uniswap founder Hayden Adams stated that traditional finance (TradFi) is learning from cryptocurrency and becoming more like it. The move by NYSE and 24 Exchange reflects a growing trend in the financial sector to adapt to the 24/7 nature of digital currency trading. This could potentially revolutionize the way stock trading is conducted, making it more accessible and flexible for market participants.
