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.
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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.