Wall Street intends to stay open around the clock

Washington, United States: The closing and opening bells of the New York Stock Exchange (NYSE) may become a ringing ritual of yesteryear, as the marke...

Washington, United States: The closing and opening bells of the New York Stock Exchange (NYSE) may become a ringing ritual of yesteryear, as the market moves toward nonstop trading.

This week, the Intercontinental Exchange announced it is developing a platform for 24/7 operations that offers "instant settlement."

The around-the-clock operations would rely on digital tokens mirroring the shares of listed companies, the NYSE's parent company said in a statement.

NASDAQ, another New York-based trading exchange, could follow suit as early as this year.

The move is pending approval by federal regulators at the US Securities and Exchange Commission (SEC), and would amount to a minor revolution for the way money moves in US stock markets.