Chicago Board Options Exchange Plans to Extend Trading Hours

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Crypto World News reports that on March 17, the Chicago Board Options Exchange (CBOE) Global Markets company submitted a proposal to extend its trading hours for the stock and options exchange EDGX. The market operator announced on Monday that all listed NMS stocks could be traded on EDGX from 9 p.m. Eastern Time on Sunday to 8 p.m. on Friday. The company plans to have a one-hour trading halt from 8 p.m. to 9 p.m. Eastern Time, Monday through Thursday. CBOE stated that there has been increased demand for US stocks outside traditional trading hours in recent years. CBOE already operates around-the-clock trading through its proprietary index futures and options, as well as the global forex market. Oliver Sung, head of CBOE’s North American equities division, said that submitting the document to the SEC is the latest step to ensure readiness for launching trading in December. CBOE offers stock and derivatives trading platforms, including products linked to its flagship VIX volatility index, often called the “fear index” of the market.

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