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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

Post-Trade in a Market That Never Sleeps

Post-trade transformation takes focus, with DTCC’s Val Wotton highlighting the infrastructure readiness and operating model changes required to support 24x5 trading.

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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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OPERATIONAL READINESS

Mondo Visione: DTCC Finalizes Preparations for 24x5

Advancing 24x5 trading, DTCC and its NSCC subsidiary focus on industry readiness, collaboration with market participants and resilience across clearing, risk and liquidity processes.

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GLOBAL OUTLOOK

Rewriting Market Hours: 24/5 Trading via Asia-Pacific Lens

DTCC’s Val Wotton outlines the evolution of 24x5 trading, focusing on growing global demand from Asia-Pacific investors and expanded access to U.S. equities.

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Survey Insights

To better understand industry sentiment and readiness, DTCC conducted a survey on 24x5 trading 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 works closely with exchanges, regulators, and industry partners to support a smooth, phased transition to 24x5 trading. These efforts address current operating needs while laying the foundation for a future transition to 24/7 trading as industry infrastructure and regulatory frameworks evolve.

Systems Preparation: NSCC enhanced its operational and technology infrastructure to enable 24x5 trade processing while extending its 15-minute interval risk reporting and monitoring.

Industry Partnerships: DTCC partnerships with national exchanges, Securities Information Processors (SIPs), and global regulators are key to aligning standards, coordinating testing, and maintaining clear communication.

Client Support: DTCC provides detailed implementation guidelines, regular updates and open forums for feedback to support client readiness and ongoing engagement.

Go-Live Schedule:

  • NSCC 24x5 Operations: Launched 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.

Resources & Downloads

Explore DTCC’s research and supporting materials designed to guide firms’ transitioning to 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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Stay Connected

Learn more about DTCC Transformation.

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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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