The Depository Trust & Clearing Corporation (DTCC) is in the final stages of preparing for the National Securities Clearing Corporation's (NSCC) transition to 24-hour, 5-day-a-week (24x5) trading, set to go live on June 28. This move represents a major expansion of access to U.S. equities markets, driven by growing demand from global retail investors who wish to trade across different time zones.
Val Wotton, Managing Director and Global Head of Equities Solutions at DTCC, commented on the upcoming launch, stating, "With one month to go... the industry is entering the final stage of readiness for a significant expansion in access to U.S. equities markets." Wotton highlighted that this milestone is a crucial step toward creating a more accessible and globally connected marketplace.
In the lead-up to the go-live date, DTCC has been collaborating closely with its members and infrastructure partners to ensure a smooth transition. The focus has been on maintaining the resilience of clearing, risk management, and liquidity processes as trading activity extends over a longer day.
"We remain focused on supporting a smooth transition and enabling market participants to operate confidently in an environment that expands access and participation in U.S. markets,” Wotton added. The initiative aims to provide a robust framework that supports the extended trading hours while ensuring market stability and security.
