Business · Companies · 38 mins ago
Japanese Online Brokers Prepare for 23-Hour US Stock Trading
Japanese brokerages are preparing for 23-hour US stock trading as the new system is due to begin in December.
Major online brokers plan to offer daytime trading in Japan when it starts.
This would let customers buy and sell US stocks during hours when they are awake in Japan.
Online brokers are moving ahead first, while firms that mainly handle trades in person or by phone are more cautious.
US stocks are popular with Japanese individual investors, and online firms want to increase revenue from them.
The different responses show a gap between online and traditional brokers as the launch approaches.
The U.S. stock market is set to move toward nearly round-the-clock trading in early December, allowing Japanese investors to trade U.S. shares during the day in Japan.
Major Japanese online brokerages plan to enable daytime trading when the new system begins.
The move comes as online brokerages seek to increase revenue from U.S. stocks, which are popular with individual investors in Japan.
Some brokerages that mainly handle trades in person or by phone are taking a wait-and-see approach.
Retail investors welcome the longer trading hours, while institutional investors are weighing the costs and benefits.
- Who
- Japanese online brokerages are preparing to offer extended U.S. stock trading. Retail and institutional investors are affected.
- What
- The U.S. market is set to move toward 23-hour trading, and major Japanese online brokerages plan to enable daytime trading in Japan.
- When
- The change is expected in early December.
- Where
- The U.S. stock market, with trading access for investors in Japan.
- Why
- Online brokerages aim to increase revenue from U.S. stocks and respond to customer demand.
Retail investors
Institutional investors
Trading hours
Retail investors
Retail buyers and sellers welcome longer hours and greater flexibility.
Institutional investors
Institutional investors are weighing the costs and benefits.
Nikkei Asia reported that the U.S. stock market was set to move toward nearly round-the-clock trading in early December.
The U.S. stock market is set to begin the move toward nearly round-the-clock trading.
- Expected start
- Early December
- Trading duration
- 23 hours
- Market
- U.S. stocks
- Japan access
- Daytime trading planned by major online brokerages
- Industry contrast
- Some in-person and phone-based brokerages are taking a wait-and-see approach
What people are saying
There is definitely customer demand