Cboe Files SEC Proposal for 24x5 Trading on EDGX: Also Plans Partial-Payout Prediction Markets

Tuesday, 17/03/2026 | 14:03 GMT by Tareq Sikder
  • All NMS stocks could trade Sunday to Friday evenings, with short weekday pauses.
  • Early-morning trading volumes on EDGX rose 590% in the last four years.
cboe

Cboe Global Markets said it submitted a proposal to the U.S. Securities and Exchange Commission to offer near 24x5 trading of U.S. equities on its Cboe EDGX Equities Exchange. The company said it aims to begin in December 2026, pending regulatory approval and the readiness of industry infrastructure.

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In addition to its near 24x5 trading plans, Cboe also intends to launch a prediction market framework offering partial payouts for non-binary outcomes. The contracts aim to expand outcome-based trading.

Retail platforms such as Robinhood and Kalshi have seen uptake. Exchanges including Intercontinental Exchange and CME Group have tested similar event-based instruments alongside traditional derivatives.

Cboe Files SEC for Extended Trading

According to the filing, all listed NMS stocks would be available for trading from Sunday evening to Friday evening, with a short pause each weekday evening. U.S. market holidays would be excluded. Trades would be cleared through the Depository Trust and Clearing Corporation.

Oliver Sung, Head of North American Equities at Cboe, said the filing "is the latest step in ensuring we are ready to offer overnight trading once the industry launches in December." He added that 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."

Cboe Sees Growing After-Hours Equities Demand

Cboe noted that demand for U.S. equities outside standard trading hours has grown. EDGX and another Cboe exchange currently offer early morning trading, with average daily volume rising 590% from February 2022 to February 2026.

The company has also operated around-the-clock trading in its proprietary index futures and options and in its Global FX markets. Trading in its index options during Global Trading Hours has reached record levels, as investors hedge or reposition ahead of U.S. market openings. Cboe FX operates a 24x5 market with continuous operational coverage and client support across time zones.

Cboe said critical steps for overnight equities trading include expanding market access and ensuring high-quality, real-time data. The company continues to grow its Cboe One U.S. Equities Feed, which consolidates data from its four U.S. equities exchanges. In 2025, those exchanges accounted for 20.2% of U.S. on-exchange equities trading.

Cboe Global Markets said it submitted a proposal to the U.S. Securities and Exchange Commission to offer near 24x5 trading of U.S. equities on its Cboe EDGX Equities Exchange. The company said it aims to begin in December 2026, pending regulatory approval and the readiness of industry infrastructure.

Join the inaugural Finance Magnates Singapore Summit 2026, which will bring together brokers, fintechs, banks, EMIs, wealth managers, and hedge funds across APAC.

In addition to its near 24x5 trading plans, Cboe also intends to launch a prediction market framework offering partial payouts for non-binary outcomes. The contracts aim to expand outcome-based trading.

Retail platforms such as Robinhood and Kalshi have seen uptake. Exchanges including Intercontinental Exchange and CME Group have tested similar event-based instruments alongside traditional derivatives.

Cboe Files SEC for Extended Trading

According to the filing, all listed NMS stocks would be available for trading from Sunday evening to Friday evening, with a short pause each weekday evening. U.S. market holidays would be excluded. Trades would be cleared through the Depository Trust and Clearing Corporation.

Oliver Sung, Head of North American Equities at Cboe, said the filing "is the latest step in ensuring we are ready to offer overnight trading once the industry launches in December." He added that 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."

Cboe Sees Growing After-Hours Equities Demand

Cboe noted that demand for U.S. equities outside standard trading hours has grown. EDGX and another Cboe exchange currently offer early morning trading, with average daily volume rising 590% from February 2022 to February 2026.

The company has also operated around-the-clock trading in its proprietary index futures and options and in its Global FX markets. Trading in its index options during Global Trading Hours has reached record levels, as investors hedge or reposition ahead of U.S. market openings. Cboe FX operates a 24x5 market with continuous operational coverage and client support across time zones.

Cboe said critical steps for overnight equities trading include expanding market access and ensuring high-quality, real-time data. The company continues to grow its Cboe One U.S. Equities Feed, which consolidates data from its four U.S. equities exchanges. In 2025, those exchanges accounted for 20.2% of U.S. on-exchange equities trading.

About the Author: Tareq Sikder
Tareq Sikder
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About the Author: Tareq Sikder
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023. At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London. Education: Honours degree Information Technology, Anfell College, London
  • 2194 Articles
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