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24x5

When Can Trades Be Submitted
and Processed in UTC?

NSCC’s Universal Trade Capture (UTC) runs from Sunday 8:00 PM–Friday 8:00 PM ET to validate and report trades, with flexible output timelines and guardrails on next-day trades ahead of non-U.S. equity market closures.

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Latest News & Developments

Stay up-to-date with the newest developments on 24x5 trading:

LEADERSHIP PERSPECTIVES

Traders Magazine: Outlook for 2026 with DTCC's Val Wotton

DTCC’s Val Wotton shares his perspective on the outlook for 2026, highlighting the growing momentum behind 24x5 trading and how firms are preparing for extended hours alongside other post-trade and market structure initiatives.

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INDUSTRY DIALOGUE

SIFMA Roundtable: Building the Roadmap to 24/7 Trading

This event brought together industry perspectives on the evolution toward 24/7 trading, with DTCC's Brian Steele and Val Wotton sharing views on operational risk and market structure aspects associated with continuous trading.

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LEADERSHIP PERSPECTIVES

Finextra: Val Wotton on 24x5 and Accelerated Settlement

As the industry further advances toward 24x5 trading and faster settlement cycles, DTCC’s Val Wotton discusses the evolving opportunities and functionality complexities that come with 24x5 trading hours.

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MARKET INFRASTRUCTURE

Impact of 24x5 Trading on T+1 Confirmations

DTCC will enable future‑dated (T+1) confirmations in TradeSuite® ID starting June 28, allowing clients to process trades shortly after the evening affirmation cutoff to better support 24x5 trading.

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Survey Insights

To better understand industry sentiment and readiness, DTCC recently conducted a survey on 24x5 trading and anticipated volume shifts, operational challenges, and strategic priorities. Findings showed strong support for DTCC’s proactive engagement and readiness initiatives, with most firms expecting a gradual overnight trading volume increase over the next several years.

View Findings from DTCC's 24x5 Survey
60%
Plan Technology
& Risk Upgrades For 24X5
72%
Cite Global Demand
As The Main Driver
1-10%
Of Equity Volume Projected
To Shift To Overnight Sessions

DTCC’s Readiness

DTCC is working closely with exchanges, regulators, and industry partners to ensure a smooth, phased transition to 24x5 trading. These efforts not only address today’s needs but also lay the foundation for a future transition to 24x7 trading as industry infrastructure and regulatory frameworks evolve.

Systems Preparation: NSCC is enhancing its operational and technology infrastructure to support 24x5 trade processing and extending its current 15-minutes interval risk reporting and monitoring.

Industry Partnerships: Collaboration with national exchanges, Securities Information Processors (SIPs), and global regulators is key to aligning standards, testing, and clear communication.

Client Support: DTCC provides detailed implementation guidelines, regular updates, and open forums for feedback to help clients prepare.

Go-Live Schedule:

  • NSCC 24x5 Operations: Launching June 28, 2026 (8 p.m. ET Sunday – 8 p.m. ET Friday).
  • Exchanges / SIP Extended Hours: Expected late 2026 into 2027, pending regulatory approval and industry readiness.

NSCC 24x5 Operations Countdown
Launching June 28, 2026

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Resources & Downloads

Explore the latest DTCC research and supporting materials to help you prepare for 24x5 trading:

24x5 Resources & Downloads

The Shift to 24x5 Trading: What It Means for U.S. Equity Markets

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24x5 Resources & Downloads

The Shift to 24x5 Trading: Executive Summary

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24x5 Resources & Downloads

Setting The Stage For 24X5: Insights from DTCC’s Survey

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24x5 Resources & Downloads

UTC 24x5 Trade Processing FAQs

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The Future of Clearing & Securities Services

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Get ready for 24x5 with DTCC Learning Resources

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Contact us with questions or to request more information.

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Navigate 24x5 preparation with DTCC Consulting.

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