23/5 Trading Information Hub

To meet rising demand for U.S. equities across the globe, Nasdaq is engaging with regulators to offer nearly continuous trading 23 hours a day, 5 days a week, on the Nasdaq Stock Market. This expanded trading schedule will include a new trading session from 9 p.m. to 4 a.m. ET, together with Nasdaq’s current extended trading hours from 4 a.m. to 9:30 a.m. ET and 4 p.m. to 8 p.m. ET, enabling issuers to more efficiently attract capital from across the globe while enabling investors to broaden access and expand wealth-building opportunities.

The U.S. trading hours, from 9:30 a.m. - 4:00 p.m. ET and marked by the Opening and Closing Crosses, will continue to set the prices to drive investor transparency across all hours of market operation.

Subject to SEC approval, Nasdaq will introduce a new trading session on the Nasdaq Stock Market from 9 p.m. to 4 a.m. ET. 

Trading will commence at 9 p.m. ET on Sunday evening and conclude at 8 p.m. ET on Friday evening with a 1-hour industry-wide trading pause from 8 p.m. to 9 p.m. ET daily to allow for processing and transition to the next trade date.

The industry’s transition to a 23-hour trading day is currently expected to occur on Sunday, December 6, 2026, pending SIP readiness as well as any applicable SEC rule changes.

Currently the Nasdaq stock market operates from 4:00 a.m. to 8:00 p.m. ET. There will be no substantive change to current functionality or operations during this time frame.

No, Nasdaq Texas (NTX) and PSX equity exchanges will continue to operate on their current schedules; NTX: 7 a.m. to 7 p.m. ET and PSX: 8 a.m. to 5 p.m. ET. Nasdaq options exchanges will also continue to operate on their current schedules.

• 9:00 p.m. to Midnight: Trades will be reported with the next calendar day’s trade date.
• Midnight to 8:00 p.m.: Trades will be reported with the current day’s trade date.

Settlement terms will be based on trade date as they are today.

Yes, if a holiday falls between Monday and Thursday, trading will commence at 9 p.m. ET on the holiday evening. For example, if Monday is a US exchange holiday, trading will begin at 9 p.m. ET on Monday and continue until 8 p.m. ET on Tuesday.