In the history of finance, innovation has often been driven by necessity rather than choice. From the creation of stock exchanges to the rise of electronic trading and the proliferation of digital platforms, markets have evolved in step with investor demands, technology and globalisation. As the world’s economy becomes increasingly interconnected, another transformation is on the horizon: extended trading hours – or more accurately, the transition to a world where markets never truly close, writes Marc Biro, managing principal at Capco.