US commission-free online brokerage firm Firstrade plans
to launch overnight trading for stocks and ETFs next year. This upcoming
feature, scheduled for the first quarter of next year, aims to allow investors
to trade 20 hours a day, five days a week.
According to the company, this offering offers international
traders a way to seize opportunities across global market movements and
breaking news.
20-Hour Trading Schedule
Firstrade will extend trading hours from 8:00 AM ET to
4:00 AM ET the following day. By bridging the time gap, the brokerage firm now aims
to attract international investors seeking a more adaptable approach to US
market participation.
Commenting about the new move, John Liu, the CEO of
Firstrade, said: “At Firstrade, we are committed to providing our users
with robust investment tools and resources so they can capture market
opportunities no matter where they are. With the introduction of overnight
trading, we’re enhancing the client experience to meet the evolving and diverse
needs of our investors.”
For many traders, this schedule enhances the ability
to act swiftly on events impacting global markets, mitigating the restrictions
of traditional hours. The extended trading hours reportedly align with the
growing demand for flexibility and agility in an interconnected global economy.
Online and Mobile Platforms
Firstrade mentioned that traders no longer need to be
tethered to market hours in New York to capitalize on opportunities with the
new offering, a move that now enhances the appeal of US markets worldwide. The phased rollout, planned for early 2025, will reportedly
be available across Firstrade’s online and mobile platforms, ensuring
accessibility for all user preferences.
Founded in 1985, Firstrade offers commission-free
trading and a range of financial products, including stocks, ETFs, fixed-income
products, and retirement services.
US commission-free online brokerage firm Firstrade plans
to launch overnight trading for stocks and ETFs next year. This upcoming
feature, scheduled for the first quarter of next year, aims to allow investors
to trade 20 hours a day, five days a week.
According to the company, this offering offers international
traders a way to seize opportunities across global market movements and
breaking news.
20-Hour Trading Schedule
Firstrade will extend trading hours from 8:00 AM ET to
4:00 AM ET the following day. By bridging the time gap, the brokerage firm now aims
to attract international investors seeking a more adaptable approach to US
market participation.
Commenting about the new move, John Liu, the CEO of
Firstrade, said: “At Firstrade, we are committed to providing our users
with robust investment tools and resources so they can capture market
opportunities no matter where they are. With the introduction of overnight
trading, we’re enhancing the client experience to meet the evolving and diverse
needs of our investors.”
For many traders, this schedule enhances the ability
to act swiftly on events impacting global markets, mitigating the restrictions
of traditional hours. The extended trading hours reportedly align with the
growing demand for flexibility and agility in an interconnected global economy.
Online and Mobile Platforms
Firstrade mentioned that traders no longer need to be
tethered to market hours in New York to capitalize on opportunities with the
new offering, a move that now enhances the appeal of US markets worldwide. The phased rollout, planned for early 2025, will reportedly
be available across Firstrade’s online and mobile platforms, ensuring
accessibility for all user preferences.
Founded in 1985, Firstrade offers commission-free
trading and a range of financial products, including stocks, ETFs, fixed-income
products, and retirement services.
This post is originally published on FINANCEMAGNATES.
