Prime of prime broker 26 Degrees Global Markets is set to launch extended trading hours for US equity and ETF contracts for difference (CFDs).
Gavin White
The development will see trading hours go from the existing six and a half hours per trading day, to 16 hours.
Specifically, the extended session will include access the US pre- and post-market periods.
The launch aims to provide increased access to the US markets for traders, namely for those based in Asia.
Extended hours trading will be powered by Cboe’s consolidated data feed, the Cboe One Feed.
The Cboe One Feed provides quote and trade data for a unified view of the market from all four Cboe US equities exchanges: BZX Exchange, BYX Exchange, EDGX Exchange and EDGA Exchange.
“The introduction of extended hours trading for over 1,000 US equity and ETF CFDs reinforces our commitment to innovation and client-centric solutions,” said Gavin White, group chief executive at 26 Degrees Global Markets.
“We were one of the first prime of primes to launch equity CFDs via API to brokers back in 2019, and now, by significantly expanding trading hours in US markets, we’re providing brokers with greater flexibility, enhanced liquidity, and more opportunities to serve both new and existing clients.”
Clients of 26 Degrees will also benefit from no additional commissions during the US pre- and post-market and the acceptance of all order types, including market orders, during all trading sessions, the firm added.
“As more global investors look to invest in the US markets, Cboe aims to provide the needed data and access through collaborations with industry partners like 26 Degrees Global Markets,” said Adam Inzirillo, global head of Cboe Data Vantage.
“We are pleased to provide their clients with access to the Cboe One Feed, which provides high-quality and real-time US equity market data and supports 26 Degrees and Cboe’s shared commitment to innovation and client-centric solutions.”