Nasdaq will formally apply for 5x23 hour trading.

PANews reported on December 16th that, according to foreign media reports cited by Jinshi, Nasdaq plans to submit documents to the U.S. Securities and Exchange Commission on Monday to launch 24/7 stock trading services. Nasdaq plans to extend trading hours for stocks and exchange-traded products (ETPs) from the current 16 hours a day, five days a week, to 23 hours a day. Nasdaq's new "5x23" model will be divided into two main trading sessions: ① Daytime session: From 4:00 AM to 8:00 PM Eastern Time. This session will continue to include pre-market, regular, and after-hours trading sessions, with the opening (9:30 AM) and closing (4:00 PM) bells for the regular trading session retained. ② Night session: From 9:00 PM to 4:00 AM the following day. Trades executed between 9:00 PM and midnight during this session will be considered for the next calendar day. Under the new plan, the trading week will begin at 9:00 PM on Sunday and end at 8:00 PM on Friday after the daytime session.