NYSE parent ICE backs 24/7 stock token trading, bypassing Wall Street's conventional pricing rules.
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), is backing the launch of 24/7 stock token trading through its affiliate, OKXICE. This trading platform will not use Wall Street's conventional order book pricing rules but will instead adopt a DeFi liquidity pool model, similar to Uniswap, for pricing. The U.S. Securities and Exchange Commission (SEC) has granted OKXICE a temporary exemption. As of October 19, 16 companies, including Microsoft, Google, and Goldman Sachs, have expressed opposition to third-party tokenized stocks being traded on its platform.
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