Connect with us

Hi, what are you looking for?

Alive Business PlanAlive Business Plan

Investing

Tradeweb to extend trading hours the day after US election

NEW YORK (Reuters) – Bond trading platform Tradeweb plans to extend trading hours on Nov. 6, the day after the U.S. presidential election, and offer overnight support on Election Day.

“We are providing overnight operational support and some early trading hours to cover the U.S. Presidential Election,” it said in an email to clients on Thursday.

Several banks, brokerages, investment managers and exchanges are adding staff to handle high trading volumes on and around Election Day, Reuters has reported, as markets are expected to be volatile as results come in.

Tradeweb, which specialises in electronic trading for rates, credit, equities and money markets, said on Thursday customer relations and dealer relations teams will be available throughout the night of Nov. 5 to provide “additional operational and technical support.”

Trading will begin earlier than usual on Nov. 6 for products including European credit and equities, as well as repurchase agreements, U.S. credit and U.S. exchange-traded funds, it said.

Trading for U.S. credit default swaps – derivatives used to insure against credit exposure – will start just after midnight (0500 GMT) on Nov. 6, as opposed to normal trading hours which start at 7:00 a.m.

Tradeweb had an average daily trading volume of $2.2 trillion in the quarter ending on Sept. 30, a 55.3% increase year on year, it said in its quarterly results on Wednesday.

This post appeared first on investing.com
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    You May Also Like

    Latest News

    The Gateway Pundit, a far-right website, published a note from its editor on Saturday acknowledging that two election workers in Georgia did not engage...

    Latest News

    New majorities in Congress, particularly when the incoming party has a new leader, offer the rare chance for the institution to take a breath...

    Latest News

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Investing

    JAKARTA (Reuters) -Indonesia has asked Alphabet (NASDAQ:GOOGL)’s Google and Apple (NASDAQ:AAPL) to block Chinese fast fashion e-commerce firm Temu in their application stores in...



    Disclaimer: alivebusinessplan.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 alivebusinessplan.com