Nasdaq recently submitted an application to the U.S. Securities and Exchange Commission, planning to break the current trading time restrictions. The core of this reform is straightforward — to extend trading hours from the current five trading days per week, 16 hours each day, to 23 hours.

Currently, Nasdaq operates as follows: pre-market trading from 4:00 AM to 9:30 AM Eastern Time, regular trading from 9:30 AM to 4:00 PM, and after-hours trading from 4:00 PM to 8:00 PM. These three sessions are handled separately.

Once the new plan takes effect, trading will be reorganized into two sessions. The daytime session will run from 4:00 AM to 8:00 PM, with a one-hour window reserved for maintenance and clearing; the nighttime session will start at 9:00 PM and continue until 4:00 AM the next day. The daytime session will still retain the opening bell at 9:30 AM and the closing bell at 4:00 PM to preserve the traditional ritual. Orders executed before midnight will be credited to the next day's account.

The entire trading week will start at 9:00 PM on Sunday and close at 8:00 PM on Friday. This way, the operation logic of the U.S. stock market will be closer to that of the cryptocurrency market — the time dimension will be almost indistinguishable.

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