Traditional finance is quietly âcatching up.â
According to CNBC, starting October 19, Cboe will add two extended trading sessions for options on 24 actively traded stocks and 5 ETFs: 7:30â9:25 a.m. and 4:00â4:15 p.m. Eastern Time. More options contracts expiring in the morning are scheduled to launch on November 9.
The significance of this news isnât any single underlying asset, but the broader trend: the trading window for U.S. stock options is getting longer, and the traditional marketâs âfixed hoursâ are beginning to loosen. The crypto market, by contrast, has operated around the clock, 24/7, since its inception. Sudden market moves late at night and on weekends never wait.
A few points worth noting:
1. The boundaries of trading hours are blurring. Traditional institutionsâ demand for âalways-on tradingâ continues to grow, which is, in fact, aligned with the crypto marketâs long-standing narrative;
2. Extended hours typically see thinner liquidity and wider bid-ask spreads, making options prices more susceptible to amplified swings. Participants need to reassess their margin requirements and risk-management models;
3. Looking further ahead, as U.S. stocks become tokenized and on-chain equities advance, the two markets will become increasingly interconnected. The crypto market still has the advantage of operating around the clock, but traditional finance is gradually closing the gap.
As Wall Street starts extending its trading hours on its own initiative, the pace that crypto natives take for granted may well point to the direction mainstream finance is heading.
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