Nasdaq is pushing toward near-24-hour trading. But here's the thing—plenty of Wall Street players aren't buying it.

The push to extend trading hours sounds modern, sounds inevitable given how crypto markets never sleep. Yet institutional traders, market makers, and some risk managers are raising real concerns. Their arguments? Thinner liquidity during off-peak hours could spike spreads. Smaller players without 24/7 monitoring capabilities get squeezed out. And system stability during weird hours when volumes tank—that's a legitimate headache.

It's the classic tension: innovation vs. operational reality. Crypto folks already live in 24/7 markets, and yeah, it works. But traditional equity markets have different DNA. Different participant bases. Different infrastructure expectations.

The debate matters because it hints at something bigger—how legacy financial systems are getting pressure to adapt, whether from regulatory push or competitive anxiety. Sometimes evolution is smooth. Sometimes it creates friction. This one's looking like the latter.