24/5 Trading: The Infrastructure Shift Behind Always-On Markets

Redefining the Trading Day

Exegy, Blue Ocean, Bruce, and BMLL  discuss the evolution of the  overnight trading day and the market structure changes reshaping U.S. equities  in this roundtable discussion.

As trading activity expands beyond traditional market hours, firms face new challenges around liquidity, transparency, regulation, and infrastructure.

This dialogue explores the forces driving the growth of 24/5 trading, the hurdles that remain, and what market participants should expect as the industry moves toward increasingly continuous trading models.

• The Current State of Overnight Trading

  Explore the latest trends in overnight volumes, liquidity formation, and market participation across extended-hours venues.
  
  

• The Regulatory Layer: Structure, Standards, and Transparency
  

  Examine how regulation, market data consolidation, and evolving market structure frameworks will shape the future of 24/5 trading
  
  

• Future-Proofing the Trading Stack

  Discuss the infrastructure, operational models, and market developments needed to support increasingly continuous markets.
  
  

• Interactive Roundtable Discussion
  

  Hear perspectives from venue operators, market structure experts, and data specialists on the opportunities and challenges ahead.