紐約證券交易所在加密貨幣市場影響力不斷增強的情況下探索 24/7 交易

紐約證券交易所 (NYSE) 正在考慮過渡到 24/7 交易，這主要是受持續運營的加密貨幣市場成功的推動。紐約證券交易所的母公司洲際交易所對其會員進行了調查，了解他們對這一變化的興趣，這一變化將把交易時間延長到目前週一至週五上午9:30 至下午4 點（東部時間）的時間表，且交易前和交易後時間有限。

New York Stock Exchange Explores Transition to 24/7 Trading Amidst Growing Interest

紐約證券交易所在興趣日益濃厚的情況下探索向 24/7 交易過渡

The New York Stock Exchange (NYSE), a global financial hub, is contemplating a transformative shift in its operating hours, with the possibility of transitioning to 24/7 trading. This bold move is fueled by the growing influence of continuously operating cryptocurrency markets and the evolving demands of investors.

全球金融中心紐約證券交易所 (NYSE) 正在考慮對其營業時間進行變革，並有可能過渡到 24/7 交易。持續營運的加密貨幣市場的影響力不斷增強以及投資者不斷變化的需求推動了這一大膽舉措。

NYSE Gauges Members' Interest

紐約證券交易所衡量會員的興趣

According to a recent report by the Financial Times, the Intercontinental Exchange (ICE), which owns the NYSE, has commissioned its data analysis team to conduct a survey among its members to assess their interest in extending trading beyond the current weekday schedule. This move is part of a broader exploration into the potential benefits and challenges associated with 24/7 trading.

根據英國《金融時報》最近報道，擁有紐約證券交易所的洲際交易所（ICE）已委託其數據分析團隊對其會員進行一項調查，以評估他們是否有興趣將交易時間延長到當前工作日之外。此舉是對 24/7 交易相關潛在利益和挑戰的更廣泛探索的一部分。

Currently, the NYSE operates from Monday to Friday between 9:30 AM and 4 PM Eastern Time, with limited pre-market and after-hours trading sessions. The survey seeks to gauge members' willingness to facilitate transactions during weekend hours and overnight.

目前，紐約證券交易所的營業時間為東部時間週一至週五上午 9:30 至下午 4 點，盤前和盤後交易時段有限。該調查旨在衡量會員在周末和夜間促進交易的意願。

Industry Demand and Challenges

產業需求與挑戰

The proposal has garnered attention within the industry, with some brokerage firms acknowledging a growing demand for extended trading hours. However, they also highlight potential challenges in terms of staffing and ensuring sufficient liquidity during off-peak hours.

該提議引起了行業內的關注，一些經紀公司承認延長交易時間的需求不斷增長。然而，他們也強調了在人員配備和確保非高峰時段充足的流動性方面的潛在挑戰。

Meanwhile, 24 Exchange, a startup backed by billionaire investor Steve Cohen, has submitted an application to the Securities and Exchange Commission (SEC) seeking approval to establish the first-ever 24/7 stock exchange. The regulator is currently reviewing this unprecedented proposal, which could potentially reshape the landscape of equity markets.

同時，由億萬富翁投資者 Steve Cohen 支持的新創公司 24 Exchange 已向美國證券交易委員會 (SEC) 提交申請，尋求批准建立首個 24/7 證券交易所。監管機構目前正在審查這項史無前例的提議，這可能會重塑股票市場的格局。

Complex Questions Requiring Resolution

需要解決的複雜問題

Transitioning to a 24/7 trading model poses a multitude of operational, regulatory, and technical hurdles that need to be addressed. Clearinghouses, which facilitate the settlement of transactions, currently operate on fixed schedules, necessitating coordination with their operations.

過渡到 24/7 交易模式會帶來許多需要解決的營運、監管和技術障礙。促進交易結算的清算所目前按固定時間表運營，因此需要與其運營進行協調。

Furthermore, the committee overseeing the "consolidated tape," the official record of trading prices, has initiated discussions on the implications of 24/7 trading. The relatively low liquidity outside of traditional market hours and settlement risks also remain concerns for institutional investors.

此外，監督「綜合磁帶」（交易價格的官方記錄）的委員會已開始討論 24/7 交易的影響。傳統市場時間之外相對較低的流動性和結算風險也仍然是機構投資者的擔憂。

Cautious Optimism and Future Prospects

謹慎樂觀和未來前景

Despite these challenges, the advent of a 24/7 stock market, akin to the continuous operation of crypto marketplaces, is a tantalizing prospect for many. While the transition may not be immediate, the growing interest from investors could accelerate the process.

儘管有這些挑戰，24/7 股票市場的出現（類似於加密貨幣市場的持續運作）對許多人來說都是一個誘人的前景。雖然這種轉變可能不會立即發生，但投資者日益增長的興趣可能會加速這一進程。

The NYSE's exploration of 24/7 trading is a significant development that warrants close monitoring in the coming months. The outcome of the member survey, the SEC's review of 24 Exchange's application, and the industry's response to these initiatives will shape the future of equity trading.

紐約證券交易所對 24/7 交易的探索是一項重大進展，值得在未來幾個月內密切關注。會員調查的結果、SEC 對 24 Exchange 申請的審查以及業界對這些舉措的反應將塑造股票交易的未來。

As the global financial landscape continues to evolve, the possibility of 24/7 trading emerges as a potential paradigm shift that could fundamentally alter the way stocks are bought and sold.

隨著全球金融格局的不斷發展，24/7 交易的可能性作為一種潛在的範式轉變而出現，可能從根本上改變股票買賣的方式。