Yesterday, the New York Stock Exchange (NYSE) dismantled Wall Street’s most long-boundary: market hours.
For 232 years, equity markets have operated under a simple constraint. Trading happens between 9:30am and 4:00pm ET, Monday through Friday. That created an entire ecosystem: futures markets for after-hours risk, “gap” strategies betting on weekend news accumulation, and a global pecking order forcing Asia to wake up at 2am to trade U.S. stocks.
