Nasdaq, one of the world's largest exchanges that is home to tech companies Nvidia, Apple and Amazon, is planning to submit paperwork with the U.S. Securities and Exchange Commission on Monday to roll out round-the-clock trading of stocks, as it looks to capitalize on a global demand for U.S. equities.
Investor demand for nonstop trading in U.S. stocks has surged in recent years, prompting regulators to introduce new rules and green-light proposals from major exchanges to enable trading beyond normal market hours.
The U.S. stock market represents almost two-thirds of the market value of listed companies globally, while total foreign holdings of U.S. equities reached $17 trillion last year, according to data compiled by Nasdaq.
Great, so the billionaires and algorithms can rug pull us while we're asleep