The company introduced 24/5 trading for select stocks, but only as it admitted the SEC is investigating whether workers were using 'off channel communications.'
, trading would open perpetually from 8 p.m. ET Sunday and 8 p.m. ET Friday. Some of these big stocks include the likes of Amazon, Apple, and Tesla.Tenev told WSJ that the company will add more stocks to its always-on service over time, adding that this 24-hour trading “is how the market should work” since it won’t be tied to a single time zone and its working hours.
Per the Journal, all trades after 8 p.m. ET will be sent to trading platform Blue Ocean, then through a number of firms trying to profit off of stocks. Though there will certainly be a number of late-night, bleary-eyed, stock-obsessed folks punching in numbers like a gambler at a slot machine, it will still be hard to topple the might of Wall Street. In its latest quarterly financial report, the company did say it experienced a bump in monthly active users to about 11.8 million.
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