Cboe submits proposal to launch near 24x5 U.S. equities trading

March 16 (Reuters) - Exchange operator ‌Cboe said ​on ​Monday it has submitted a proposal to the Securities and Exchange Commission to launch a near ‌24x5 U.S. equities trading on one of its ⁠exchanges.

The proposal comes as exchanges ramp up their push to capture ‌surging investor demand for non-stop ‌trading in U.S. stocks.

Peer Nasdaq, one of the world's largest exchanges and home to tech companies like Nvidia, ​Apple and Amazon, told Reuters in December it was planning to submit paperwork for round-the-clock trading.

Cboe is planning ⁠to launch the 24x5 trading on its EDGX Equities Exchange in December 2026, ​pending regulatory approval. The move would make U.S. stocks available for trading from Sunday 9 p.m. ​ET to Friday 8 p.m., with ‌a one-hour operational pause between 8 p.m and 9 p.m. Monday through Thursday.

"Cboe's filing with ⁠the SEC is the latest step in ensuring we are ready to offer overnight trading once the industry launches in ⁠December," Oliver Sung, head of North American Equities, said in a statement.

The ​exchange operator said it has seen a 590% growth in average daily volume from February 2022 to February 2026, adding that it ‌currently offers trading from 4 a.m. ET to 7 a.m. ET on two of its ‌four exchanges.

Cboe provides trading platforms for equities and derivatives, ⁠including products linked to ‌its flagship VIX volatility ​index, often referred to as the market's "fear gauge."

(Reporting by Utkarsh Shetti in Bengaluru; Editing by Shailesh ‌Kuber)

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