Expanded Global Access
24x5 trading broadens access to U.S. equity markets across time zones, helping connect investors and market participants around the world through a more continuous trading experience.
24x5 Trading for U.S. Equity Markets
24x5 trading extends access to U.S. equity markets beyond regular trading hours, helping market participants across time zones respond more efficiently to global events, access liquidity when opportunities arise and manage risk with greater flexibility. As the market evolves, firms are adapting their systems, processes and controls to support increased trading activity.
24X5 Trading
A New Era of Market Access
Investors increasingly expect access to U.S. equities whenever opportunities emerge, regardless of geography or time zone. Demand is accelerating across global markets as investors seek greater flexibility, faster responses to market events and more opportunities to manage risk.
The move toward 24x5 trading represents a significant evolution in market structure, expanding access to U.S. equity markets from Sunday at 8:00 p.m. ET through Friday at 8:00 p.m. ET. As exchanges, trading venues and industry participants prepare for expanded trading hours, DTCC is helping create the operational foundation necessary to support a more connected global marketplace.
As market access expands, maintaining resiliency, transparency and effective risk management remains essential to supporting confidence in U.S. equity markets.
Extended NSCC clearing availability
Participating firms completed testing before go-live
Surveyed firms cited global demand as the primary driver for 24x5 trading adoption
Data as of Q2 2026
Key Features & Benefits
Global Market Accessibility
Expanded trading hours allow firms to respond more quickly to global events, market developments and investor activity as they occur, rather than waiting for traditional market sessions to open.
Supporting Dynamic Liquidity
A longer trading cycle creates opportunities for liquidity to develop across more hours of the day, helping market participants transact when opportunities arise and capital move more continuously through the market.
Advancing Post-Trade Operations
The shift to 24x5 is driving innovation across the post-trade ecosystem, including trade confirmation, clearing, settlement and corporate actions processes that support activity beyond traditional market hours.
Reinforcing Risk Management & Resiliency
As trading activity expands across additional hours and geographies, established risk management practices, operational safeguards and resilient market infrastructure help support stability, transparency and confidence in the markets.
Establishing a Foundation for Future Market Evolution
24x5 trading represents an important step in the evolution of market structure, helping build the experience, operating models and infrastructure that may shape the future of trading, including the industry's long-term exploration of 24/7 markets.
Resources & Downloads
Download theshiftto24x5trading.pdf: The Shift to 24x5 Trading: What It Means for U.S. Equity MarketsDec 4, 2025The Shift to 24x5 Trading: What It Means for U.S. Equity Markets
Explore DTCC and EY's joint perspective on the transition to near-continuous U.S. equity trading, highlighting key market drivers, risks and industry readiness considerations for a more accessible and resilient market.
Download 24x5-executive-summary.pdf: The Shift to 24x5 Trading: Executive SummaryDec 10, 2025The Shift to 24x5 Trading: Executive Summary
Get an overview of the 24x5 trading model, including expanded NSCC clearing hours, industry readiness, risk controls and key operational considerations.
Download 24x5-survey-insights.pdf: Setting The Stage For 24X5: Insights from DTCC’s SurveyMar 2, 2026Setting The Stage For 24X5: Insights from DTCC’s Survey
Review findings from DTCC's Q3 2025 industry survey, including expected overnight trading volume growth, firm preparedness efforts and priorities for market readiness.
Download Universal-Trade-Capture-FAQs.pdf: UTC 24x5 Trade Processing FAQsMay 11, 2026UTC 24x5 Trade Processing FAQs
Find answers to common questions about the Universal Trade Capture (UTC) 24x5 trade processing initiative, including workflow changes, testing requirements, corporate actions impacts and settlement considerations.