纽约证券交易所在市场需求中关注 24/7 股票交易

纽约证券交易所正在对市场参与者进行调查，了解过渡到 24/7 交易的可行性，以反映加密货币的全天候运营。由于 Covid-19 大流行期间加密货币交易的兴起和散户投资者活动的增加，这种转变受到了关注。

NYSE Explores 24/7 Stock Trading, Seeking Market Feedback Amidst Growing Demand

纽约证券交易所探索 24/7 股票交易，在需求不断增长的情况下寻求市场反馈

The New York Stock Exchange (NYSE), a bastion of American finance since its inception in the 18th century, is venturing into uncharted territory by soliciting opinions from market participants on the potential adoption of 24/7 stock trading. This audacious move signals a tectonic shift in the traditional market landscape, driven by the burgeoning popularity of cryptocurrencies and the exponential growth of retail investor activity.

纽约证券交易所 (NYSE) 自 18 世纪成立以来一直是美国金融的堡垒，目前正在向市场参与者征求关于可能采用 24/7 股票交易的意见，从而进入未知领域。在加密货币的迅速普及和散户投资者活动的指数增长的推动下，这一大胆的举动标志着传统市场格局的结构性转变。

The pandemic-induced surge in cryptocurrency trading, coupled with a remarkable boom in retail investor engagement, propelled the concept of round-the-clock trading into the spotlight. The NYSE, renowned for its iconic bell-ringing ceremonies demarcating the start and end of the trading day, is now considering extending its operations beyond these hallowed hours.

大流行引发的加密货币交易激增，加上散户投资者参与度的显着增长，使全天候交易的概念成为人们关注的焦点。纽约证券交易所因其标志性的交易日开始和结束敲钟仪式而闻名，现在正在考虑将其业务扩展到这些神圣的时间之外。

The catalyst behind this seismic shift is a startup called 24 Exchange, backed by none other than billionaire hedge fund maestro Steve Cohen. This trailblazing platform is poised to become the first stock exchange to facilitate 24/7 trading, pushing the boundaries of accessibility in the financial markets.

这一巨大转变背后的催化剂是一家名为 24 Exchange 的初创公司，该公司的支持者正是亿万富翁对冲基金大师史蒂夫·科恩 (Steve Cohen)。这个开创性的平台有望成为第一个促进 24/7 交易的证券交易所，突破金融市场可及性的界限。

Moreover, several retail brokers, such as the ubiquitous Robinhood, have already adopted round-the-clock trading models, further fueling the demand for extended market hours. As Dmitri Galin, founder and CEO of 24 Exchange, astutely observed in 2023, "Anyone who wants to trade crypto 24/7 would also like to trade Apple or Microsoft 24/7."

此外，一些零售经纪商，例如无处不在的Robinhood，已经采用了全天候交易模式，进一步刺激了延长市场交易时间的需求。正如 24 Exchange 创始人兼首席执行官 Dmitri Galin 在 2023 年敏锐地观察到的那样，“任何想要 24/7 交易加密货币的人也想交易 Apple 或 Microsoft 24/7。”

Undoubtedly, the allure of 24/7 trading stems from the uninterrupted availability of trading opportunities. It caters to the globalized nature of today's markets, where investors from diverse time zones seek seamless access to financial assets. Furthermore, the influx of investors from Asia and Europe into U.S. financial markets has exacerbated the need for extended trading hours.

毫无疑问，24/7 交易的吸引力源于不间断的交易机会。它迎合了当今市场的全球化性质，来自不同时区的投资者寻求无缝获取金融资产。此外，来自亚洲和欧洲的投资者涌入美国金融市场，加剧了延长交易时间的需要。

Brian Hyndman, chief executive of Blue Ocean, an overnight-trading provider, succinctly captured the prevailing sentiment in a recent interview with the Financial Times: "The world changed with the pandemic and with crypto trading 24/7. Everybody has the infrastructure and the support to handle trading overnight now."

隔夜交易提供商 Blue Ocean 的首席执行官布莱恩·海德曼 (Brian Hyndman) 在最近接受英国《金融时报》采访时简洁地捕捉到了普遍的情绪：“世界因疫情和 24/7 加密货币交易而改变。每个人都拥有基础设施和现在支持处理隔夜交易。”

The NYSE's survey delves into the intricacies of round-the-clock trading, seeking insights from market participants on various aspects. One key area of exploration centers on the preferred format of overnight trading, namely, whether it should operate seven days a week or adopt a more tailored approach. The survey also delves into the crucial question of investor protection during extended trading hours, ensuring adequate safeguards against price fluctuations. Staffing arrangements for these overnight sessions are another critical consideration being scrutinized by the NYSE.

纽约证券交易所的调查深入研究了全天候交易的复杂性，寻求市场参与者对各个方面的见解。探索的一个关键领域集中在隔夜交易的首选形式上，即是否应该每周运行 7 天，还是采取更有针对性的方法。该调查还深入探讨了延长交易时间内投资者保护的关键问题，确保针对价格波动提供足够的保障。这些隔夜会议的人员安排是纽约证券交易所正在审查的另一个重要考虑因素。

The Securities and Exchange Commission (SEC), the regulatory behemoth overseeing the U.S. securities industry, holds the key to the fate of 24/7 stock trading. The SEC is currently reviewing 24 Exchange's application, and a decision is expected within the next several months. The outcome of this application will undeniably shape the future of stock trading in the United States.

美国证券交易委员会 (SEC) 作为监管美国证券行业的监管巨头，掌握着 24/7 股票交易命运的关键。 SEC 目前正在审查 24 Exchange 的申请，预计将在未来几个月内做出决定。无可否认，该申请的结果将塑造美国股票交易的未来。

24/7 stock trading presents both unparalleled opportunities and significant challenges. The NYSE's exploration of this novel concept underscores its commitment to adapting to the evolving financial landscape and meeting the growing demands of market participants. As the SEC contemplates its decision, the industry eagerly awaits the verdict that will determine the future of stock trading in the digital age.

24/7 股票交易既带来了无与伦比的机遇，也带来了重大挑战。纽约证券交易所对这一新颖概念的探索突显了其致力于适应不断变化的金融格局并满足市场参与者不断增长的需求的承诺。在美国证券交易委员会考虑其决定之际，整个行业都在热切等待这一裁决，该裁决将决定数字时代股票交易的未来。