The Israeli broker is only offering the top 100 US-listed stocks for overnight trading and has cautioned about low liquidity and high spreads.
Blue Ocean's collapse last year halted overnight trading for Robinhood customers, but then the platform underwent an upgrade.
Yoni Assia at the eToro IPO launch event at Nasdaq (Photo: Wikimedia)
eToro has become the latest retail broker to launch round-the-clock trading, but only for five days a week. This feature is not new. In fact, most popular retail brokers now offer overnight trading, mainly due to rising demand for US-listed stocks among investors in Asia and other regions.
For decades, retail trading was restricted to exchange hours, meaning trades were only executed when exchanges were open. However, round-the-clock trading has now become standard. Off-hours and overnight trading volumes have also grown significantly in the past five years.
The Numbers Show the Demand
The New York Stock Exchange (NYSE) recently revealed that over 11 per cent of all US equity trading – out of more than 1.7 billion shares traded daily – occurred during extended trading hours as of January 2025. This figure has more than doubled since the first quarter of 2019, when such trading made up just 5 per cent of volumes.
Thomas Peterffy, Interactive Brokers' Chairman (Photo: YouTube/Bloomberg)
The real growth in extended trading hours came in early 2024, when the daily average surpassed $61 billion, accounting for more than 9.8 per cent of the total dollar value traded in Q4 2024.
Robinhood helped popularise individual stock trading around the clock by launching the feature in 2023. However, it wasn’t the first broker to allow 24-hour trading – TD Ameritrade (thinkorswim) was the first retail platform to offer extended trading, followed by Interactive Brokers, though both limited the feature to specific exchange-traded funds (ETFs). Later both brought the feature for single stocks as well.
Interactive Broker’s chairman, Thomas Peterffy, recently shared that around 2.2 per cent of his broker's May trading volume came from overnight trading. He expects this to grow to 25 to 30 per cent in the next 20 years.
eToro now offers 24/5 trading for only the top 100 US-listed stocks. The limitations of extended-hours trading may have led the Israeli broker to restrict its selection.
Vlad Tenev, CEO at Robinhood; Photo: Wikimedia Commons
Trading outside regular market hours usually involves lower liquidity and wider spreads, particularly during night sessions when fewer participants are active. eToro also warned that stop-loss and take-profit orders might be triggered during extended hours due to increased price movements.
A Shift in the Time of Trading
Before this became common for retail traders, institutions were typically the ones using off-hours trading, settling orders on over-the-counter platforms. These orders were often driven by company earnings, which are usually released before or after exchange hours, or other events that move markets.
In the US, off-hours trading generally happens between 4 am and 9:30 am ET (pre-market), and between 4 pm and 8 pm ET (after-hours). The period from 8 pm to 4 am ET is referred to as the overnight session.
Orders during pre- and post-trading hours are usually handled by exchange ECNs (such as NYSE Arca, Nasdaq, and Cboe EDGX) and broker-run alternative trading systems (ATSs).
The NYSE report noted that trading used to be “largely concentrated in the minutes and hours” after the official market close. However, activity has now shifted toward pre-market hours.
In Q1 2019, post-market trading made up more than 83 per cent of all off-hours trading. But by January this year, 55 per cent of shares were traded in the pre-market session.
“The pre-market session has grown 15 times since 2019, compared to 2.3 times for the post-market session and just over twice for the rest of the trading volume,” the NYSE report stated.
Limitations Around Liquidity and Execution
In a 2022 bulletin, the Securities and Exchange Commission (SEC) also pointed out that extended-hours trading often results in wider bid-ask spreads or no quotes at all.
This lack of liquidity may be why platforms are not offering seven-day, 24-hour trading.
Another ongoing issue around overnight trading is how trades are executed during these hours. Brokers typically route off-hours orders through alternative trading systems like Blue Ocean, which is also used by Robinhood and several other US-registered broker-dealers.
Brian Hyndman, CEO of Blue Ocean Technologies (Photo: LinkedIn)
Last year, Blue Ocean experienced a breakdown in early August due to a surge in activity following disappointing US job figures and the unwinding of yen-based carry trades. The resulting disruption led to a global sell-off and higher volatility, leaving Robinhood users unable to complete trades.
Blue Ocean went on to handle a record $3.27 billion in notional volume during the overnight session of the US presidential election on 6 November 2024. Its average daily volumes in 2024 ranged between 30 and 50 million shares – up from 11 million in 2023 and fewer than one million in 2022.
Meanwhile, Interactive Brokers developed its own ATS, IB Eos, for overnight trades and also routes orders through Blue Ocean.
The biggest issue for these ATSs is that the Securities Information Processor (SIP) does not operate overnight, and trade reporting remains in batch form.
However, things are starting to change. The Depository Trust & Clearing Corporation (DTCC), which handles trade reporting, moved its start time to 1:30 am from 8 am to support platforms like Blue Ocean and IBKR. It plans to run 24/5 by 2026.
Do you actively follow the markets? From technical analysis to macroeconomic events, catch live updates on investingLive.com.
The US regulator has already approved extended trading hours on the 24X National Exchange, set to begin operations in September. However, the exchange will run only 16 hours per weekday.
Across the Atlantic, the operator of the London Stock Exchange is also reviewing the practical aspects of longer hours, especially from a technology and regulation standpoint. However, the UK market is very different from that of the US, which sees large international demand.
The key question for LSEG is whether extended hours would lead to a noticeable increase in volume or simply spread out liquidity over the day, potentially increasing price swings. Unless more foreign investors get involved, it may be difficult to see a meaningful change in trading activity.
eToro has become the latest retail broker to launch round-the-clock trading, but only for five days a week. This feature is not new. In fact, most popular retail brokers now offer overnight trading, mainly due to rising demand for US-listed stocks among investors in Asia and other regions.
For decades, retail trading was restricted to exchange hours, meaning trades were only executed when exchanges were open. However, round-the-clock trading has now become standard. Off-hours and overnight trading volumes have also grown significantly in the past five years.
The Numbers Show the Demand
The New York Stock Exchange (NYSE) recently revealed that over 11 per cent of all US equity trading – out of more than 1.7 billion shares traded daily – occurred during extended trading hours as of January 2025. This figure has more than doubled since the first quarter of 2019, when such trading made up just 5 per cent of volumes.
Thomas Peterffy, Interactive Brokers' Chairman (Photo: YouTube/Bloomberg)
The real growth in extended trading hours came in early 2024, when the daily average surpassed $61 billion, accounting for more than 9.8 per cent of the total dollar value traded in Q4 2024.
Robinhood helped popularise individual stock trading around the clock by launching the feature in 2023. However, it wasn’t the first broker to allow 24-hour trading – TD Ameritrade (thinkorswim) was the first retail platform to offer extended trading, followed by Interactive Brokers, though both limited the feature to specific exchange-traded funds (ETFs). Later both brought the feature for single stocks as well.
Interactive Broker’s chairman, Thomas Peterffy, recently shared that around 2.2 per cent of his broker's May trading volume came from overnight trading. He expects this to grow to 25 to 30 per cent in the next 20 years.
eToro now offers 24/5 trading for only the top 100 US-listed stocks. The limitations of extended-hours trading may have led the Israeli broker to restrict its selection.
Vlad Tenev, CEO at Robinhood; Photo: Wikimedia Commons
Trading outside regular market hours usually involves lower liquidity and wider spreads, particularly during night sessions when fewer participants are active. eToro also warned that stop-loss and take-profit orders might be triggered during extended hours due to increased price movements.
A Shift in the Time of Trading
Before this became common for retail traders, institutions were typically the ones using off-hours trading, settling orders on over-the-counter platforms. These orders were often driven by company earnings, which are usually released before or after exchange hours, or other events that move markets.
In the US, off-hours trading generally happens between 4 am and 9:30 am ET (pre-market), and between 4 pm and 8 pm ET (after-hours). The period from 8 pm to 4 am ET is referred to as the overnight session.
Orders during pre- and post-trading hours are usually handled by exchange ECNs (such as NYSE Arca, Nasdaq, and Cboe EDGX) and broker-run alternative trading systems (ATSs).
The NYSE report noted that trading used to be “largely concentrated in the minutes and hours” after the official market close. However, activity has now shifted toward pre-market hours.
In Q1 2019, post-market trading made up more than 83 per cent of all off-hours trading. But by January this year, 55 per cent of shares were traded in the pre-market session.
“The pre-market session has grown 15 times since 2019, compared to 2.3 times for the post-market session and just over twice for the rest of the trading volume,” the NYSE report stated.
Limitations Around Liquidity and Execution
In a 2022 bulletin, the Securities and Exchange Commission (SEC) also pointed out that extended-hours trading often results in wider bid-ask spreads or no quotes at all.
This lack of liquidity may be why platforms are not offering seven-day, 24-hour trading.
Another ongoing issue around overnight trading is how trades are executed during these hours. Brokers typically route off-hours orders through alternative trading systems like Blue Ocean, which is also used by Robinhood and several other US-registered broker-dealers.
Brian Hyndman, CEO of Blue Ocean Technologies (Photo: LinkedIn)
Last year, Blue Ocean experienced a breakdown in early August due to a surge in activity following disappointing US job figures and the unwinding of yen-based carry trades. The resulting disruption led to a global sell-off and higher volatility, leaving Robinhood users unable to complete trades.
Blue Ocean went on to handle a record $3.27 billion in notional volume during the overnight session of the US presidential election on 6 November 2024. Its average daily volumes in 2024 ranged between 30 and 50 million shares – up from 11 million in 2023 and fewer than one million in 2022.
Meanwhile, Interactive Brokers developed its own ATS, IB Eos, for overnight trades and also routes orders through Blue Ocean.
The biggest issue for these ATSs is that the Securities Information Processor (SIP) does not operate overnight, and trade reporting remains in batch form.
However, things are starting to change. The Depository Trust & Clearing Corporation (DTCC), which handles trade reporting, moved its start time to 1:30 am from 8 am to support platforms like Blue Ocean and IBKR. It plans to run 24/5 by 2026.
Do you actively follow the markets? From technical analysis to macroeconomic events, catch live updates on investingLive.com.
The US regulator has already approved extended trading hours on the 24X National Exchange, set to begin operations in September. However, the exchange will run only 16 hours per weekday.
Across the Atlantic, the operator of the London Stock Exchange is also reviewing the practical aspects of longer hours, especially from a technology and regulation standpoint. However, the UK market is very different from that of the US, which sees large international demand.
The key question for LSEG is whether extended hours would lead to a noticeable increase in volume or simply spread out liquidity over the day, potentially increasing price swings. Unless more foreign investors get involved, it may be difficult to see a meaningful change in trading activity.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
Financial Commission Approves Monstrade Giving Clients Mediation and €20K Coverage
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
