The integration is expected to bolster the global competitiveness of Japan’s derivatives markets and marks an expansion of Nasdaq’s current technology offering across Japanese financial markets.
Market onlookers from Pico, Bruce Markets and Nasdaq provide an additional view on how they believe discussions around 24/7 trading will shape markets across the world, and how the industry will respond as hours begin to extend.
Market experts from Nasdaq, LSEG, CLS and ION delve into the regulation to keep an eye on, the increasing relevance of digital assets as they increasingly converge with traditional finance, and the emerging post-trade trends expected to continue into 2026.
If approved, the offering – Global Trading Hours - will add a ‘night’ session to the exchange’s trading hours, set to run from 9pm to 4am ET the next calendar day.
“Institutional teams are sitting on a wealth of data, but too often it’s locked behind manual processes and fragmented systems [...] It’s about giving distribution teams the intelligence they need, when and where they need it,” Nasdaq’s Daniel Brickhouse tells The TRADE.
The offering will allow clients to continuously operate on the most advanced service and forms part of the firms’ drive to modernise capital markets and treasury infrastructure.
The SEC filing follows an increased integration of digital assets alongside traditional finance across the industry in recent months.
The offering is expected to support the commission in promoting market integrity and follows recent growth in traditional and digital asset classes.
The outage caused the exchange to cancel all cash equities, ETPs and equity derivatives trades on Tuesday; incident spurs continued trader frustration regarding key market infrastructure.
The TRADE catches up with Valerie Bannert-Thurner, EVP, chief revenue officer, fintech division at Nasdaq, to talk all things cloud, touching on the reasons behind recent surges, buy-side adoption, and the future potential of the space.