The U.S. Securities and Exchange Commission (SEC) has begun preparations for 24/7 trading, with Chairman Atkins stating that several necessary preparatory steps are already underway.
The U.S. Securities and Exchange Commission (SEC) is delving into the integration of a 24/7 trading model, common in the crypto industry, into its traditional systems. SEC Commissioner Paul Atkins stated that trading events are no longer confined to market trading hours, and extending trading hours would allow investors to react more quickly to events. He also revealed that several necessary preparatory works are underway. The discussion took place at a roundtable held at the agency's Washington headquarters on the same morning the SEC approved tokenized securities trading. Atkins believes that tokenization is expected to help the securities industry achieve real-time inventory management, improve efficiency, reduce settlement failures, and lower the risk of abusive naked short selling.
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