Oct 20 (Reuters) – Exchange operator Cboe Global is seeking to extend trading hours for multi-listed equity options, according to a filing with the U.S. Securities and Exchange Commission, to meet the global demand for the country's stock market. The filing seeks to add a morning session from 7:30 a.m. to 9:25 a.m. ET and a 15-minute afternoon session starting from 4:00 p.m. The move comes as rising demand from retail investors for extended trading hours prompts brokers and exchanges to broaden their offerings to cater to international demand – something that alternative trading platforms have tapped into. Brokerages Charles Schwab and Robinhood currently offer limited 24-hour trading on their platforms. "Given that equity options trade during regular trading hours only, it is difficult for non-U.S. investors to take advantage of trading in these options," the filing read. "Additionally, U.S. investors that trade in equities outside of regular trading hours are unable to access the equities options for hedging and other purposes." The growing demand for trading in U.S. markets and easier access to digital trading platforms have already pushed exchange operators such as Cboe and Nasdaq to plan for a 24-hour, five-day-a-week trading session in equities. Extended trading hours for options could give investors an edge if major news breaks during these periods. (Reporting by Pritam Biswas in Bengaluru; Editing by Shreya Biswas)
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