Reported 1 day ago
Interactive Brokers Chairman Thomas Peterffy stated that 24-hour trading is becoming increasingly accepted in financial markets, likening it to a 'genie' that is hard to revert. Highlighting a surge in retail interest in the U.S. equity market, Peterffy noted that overnight trading at Interactive Brokers constituted about 2.2% of volume in May, which he anticipates will grow to 25% to 30% over the next 20 years. This trend is particularly relevant for investors in the Middle and Near East. Major exchanges are also extending their trading hours to accommodate this shift, although concerns about regulatory frameworks remain.
Source: YAHOO