US trading platform Robinhood introduces round-the-clock trading, allows weekend transactions: A look at top features
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- ✓US-based trading platform Robinhood said Tuesday it will enable users to trade select US stocks around the clock on weekends.
- ✓Abhishek Fatehpuria said, "Our focus this year is making Robinhood the best place for active traders." This move gives users more flexibility to buy and sell outside traditional market hours.
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US-based trading platform Robinhood said Tuesday (local time) that it will enable users to trade select US stocks around the clock on weekends, as it seeks to adapt to the industry's shift towards 24-hour trading.
The latest move by the online brokerage reflects a broader transformation in financial markets that could open US equities to more international investors while giving traders greater flexibility over when they buy and sell.
US stock markets have traditionally been open from 9:30 am to 4 pm on weekdays. However, Nasdaq Inc., the New York Stock Exchange and 24X National Exchange are planning to introduce longer sessions of up to 23 hours a day, five days a week, in the coming months. Nasdaq, for instance, plans to add a trading window from 9 pm to 4 am.
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