April 23 (Reuters) - Nasdaq said on Thursday it
will roll out a suite of products to support its planned
extension of U.S. equities trading to 23 hours a day, five days
a week, as a push to expand global access to high-demand U.S.
stocks gathers pace.
International demand for the lucrative U.S. equity market
has surged in recent years, driven by rising retail
participation, increasing financial literacy and easier access
to digital trading platforms.
Nasdaq, whose flagship eponymous exchange host some of the
world's largest technology companies, expects the expanded
trading to begin on December 6, subject to regulatory approvals.
The upgraded market products are designed to handle higher
activity, spanning data analytics and visibility across all
three of its equity exchanges, it said.
Currently, Nasdaq operates three daily sessions during
weekdays: the pre-market session from 4 a.m. to 9:30 a.m. ET,
the regular market session from 9:30 a.m. to 4 p.m., and the
post-market session from 4 p.m. to 8 p.m.
The new 23-hour trading day is expected to run from 9 p.m.
ET to 8 p.m.
(Reporting by Manya Saini in Bengaluru; Editing by Arun Koyyur)