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Nasdaq has filed with the U.S. Securities and Exchange Commission to introduce 23-hour, five-day-a-week trading for stocks and ETFs. The move is a direct response to surging international investor demand and aligns Nasdaq with competitors also planning to expand their trading hours.
The brokerage landscape is shifting as legacy giant Charles Schwab and fintech disruptor Robinhood increasingly encroach on each other's turf. Schwab is aggressively moving into private markets and cryptocurrency, while Robinhood expands internationally, setting the stage for a competitive battle for the next generation of investors.
Global equity markets rallied as weakening US economic data solidified expectations for a Federal Reserve interest rate cut. Investor focus now shifts to the Fed's December 10th meeting, while significant regulatory developments in China and the U.S. signal a changing landscape for capital markets and digital assets.
The European Commission has proposed a plan to create a single, unified financial market across the EU. The proposal aims to remove national barriers, centralize supervision, and specifically ease regulations for distributed ledger technology (DLT).