WHAT THE NYSE JUST ANNOUNCED CHANGES EVERYTHING
Stock exchanges have operated on business hours for more than 300 years.
Not anymore.
The New York Stock Exchange just announced 24/7 trading.
Settlement on blockchain. Tokenized stocks. End of T+1.
And they chose the perfect day to do it.
(twitter.com)
π₯ BOOOOOOM π₯
interesting development, thanks and also to anons who commented about how going forward this will affect the naked shorting
Hereβs another article on this development, Lynn Martin, pres. of the NYSE:
"We are leading the industry toward fully on-chain solutions, grounded in the unmatched protections and high regulatory standards that position us to marry trust with state-of-the-art technology," said Lynn Martin, president of NYSE Group, in a statement. "Harnessing our expertise to reinvent market infrastructure is how we'll meet and shape the demands of a digital future."
American Banker, https://archive.ph/ppllT
Great find Malachi! π