Nasdaq to launch new products

Nasdaq said on Thursday it will roll out a suite of products to ​support its planned extension of U.S. equities ‌trading to 23 hours a day, five days a week, as a push to expand global access ​to high-demand U.S. stocks gathers pace.

International ​demand for the lucrative U.S. equity market ⁠has surged in recent years, driven ​by rising retail participation, increasing financial literacy and ​easier access to digital trading platforms.

Nasdaq, whose flagship eponymous exchange host some of the world's largest technology ​companies, expects the expanded trading to begin ​on December 6, subject to regulatory approvals.

The upgraded market ‌products ⁠are designed to handle higher activity, spanning data analytics and visibility across all three of its equity exchanges, it said.

Currently, Nasdaq ​operates three daily ​sessions ⁠during weekdays: the pre-market session from 4 a.m. to 9:30 a.m. ​ET, the regular market session from ​9:30 ⁠a.m. to 4 p.m., and the post-market session from 4 p.m. to 8 p.m.

The new ⁠23-hour ​trading day is expected to ​run from 9 p.m. ET to 8 p.m.

-Reuters