Cboe Files SEC Proposal To Launch Near 24x5 U.S. Equities Trading

Cboe Global Markets has submitted a formal proposal to the U.S. Securities and Exchange Commission (SEC) seeking approval to launch near round-the-clock U.S. equities trading on its Cboe EDGX Equities Exchange (EDGX), with a target launch date of December 2026.
 

The filing outlines plans to make all listed National Market System (NMS) stocks available for trading on EDGX from Sunday 9 p.m. ET through to Friday 8 p.m. ET, with a one-hour operational pause between 8 p.m. and 9 p.m. ET on Monday through Thursday. The proposed schedule excludes U.S. market holidays. All trades are planned to be cleared through the Depository Trust and Clearing Corporation (DTCC).
 

The proposal is contingent on both regulatory approval and the readiness of required industry infrastructure providers.

Oliver Sung, Head of North American Equities, Cboe Global Markets

Oliver Sung, Head of North American Equities, Cboe Global Markets commented:

“Cboe's filing with the SEC is the latest step in ensuring we are ready to offer overnight trading once the industry launches in December. Since announcing our plans for near 24x5 trading amid growing global interest for U.S. markets, we have been engaging with clients and market participants across the globe, underscoring the importance of collaboration throughout this process. Cboe has a strong track record of operating liquid, around-the-clock derivatives and FX markets, and will leverage that expertise to ensure robust market and investor protections are in place.”

Demand for U.S. equities outside of traditional trading hours has grown considerably in recent years. Cboe currently offers early trading hours from 4 a.m. ET to 7 a.m. ET on two of its four exchanges, including EDGX, and has recorded 590% average daily volume (ADV) growth between February 2022 and February 2026.
 

Cboe has operated around-the-clock trading through its proprietary index futures and options and its Global FX markets for several years. Trading in Cboe's proprietary index options during Global Trading Hours, running from 8:15 p.m. to 9:25 a.m. ET, is at record levels in 2026. Cboe FX operates on a follow-the-sun model with continuous operational coverage across all global time zones.
 

Cboe is also expanding distribution of its Cboe One U.S. Equities Feed, which provides consolidated, real-time market data from its four U.S. equities exchanges. In 2025, those four exchanges accounted for 20.2% of U.S. equities on-exchange trading.
 

Brian McElligott, Head of Cboe Data Vantage, Cboe Global Markets

Brian McElligott, Head of Cboe Data Vantage, Cboe Global Markets said:

“Cboe understands that accurate and reliable market data is the foundation for making informed investment decisions. We continue to focus on expanding the availability of our U.S. equities data offerings, reflecting the strong desire for access to U.S. markets from Europe and APAC investors. Whether it's real-time, top-of-book, or historical data, Cboe Data Vantage is helping investors navigate today's markets and prepare for U.S. equities overnight trading.”

Cboe Global Markets is a global markets operator with operations spanning derivatives, equities, and FX markets, providing trading, clearing, and investment solutions. The company is listed on its own exchange under the ticker CBOE. It launched the world's first listed options exchange in 1973 and is credited with introducing S&P 500 index options and creating the VIX Index.
 

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