00:00Why exactly do they want to do this? Some of us need a rest.
00:05I know, right? I think we've kind of seen a push in this direction for a while. You know,
00:10the New York Stock Exchange has been planning a similar extension. I think one factor is,
00:15you know, retail investors, you know, they're already used to trading 24-7 on Robinhood and,
00:20you know, on crypto exchanges. And another factor that, you know, the Nasdaq statement pointed to is
00:25kind of global investors who kind of really want to be able to trade U.S. stocks, you know, even
00:30outside of the regular trading hours, you know, with more overlap with kind of a lot of overseas
00:35investors working hours. And so I think these two factors are really kind of intersecting here for
00:40this push for, you know, kind of close to 24-hour trading on workdays. So how would this look? I
00:49mean, it's not going to be a 23-hour cash trade. It would just extend, what, the after-hour session?
00:55Yeah, so the Nasdaq has gone to the SEC to ask for permission to add a session that's coming after,
01:02you know, the after-market hours. And, you know, we kind of still need to, like,
01:07untangle kind of a few operational issues, you know, with the clearing and also with, like,
01:12the data feeds and all that. And I think, you know, the question here really is how much liquidity
01:16are we going to see in this kind of, like, newly added session? Because if the liquidity is not that
01:22strong, it could be that we're kind of just going to get a lot of swings that won't really mean a lot
01:27to many investors.
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