Val Wotton, Managing Director and Global Head of Equities Solutions at DTCC, shares the following statement on the commencement of an industry-wide testing phase for 24x5 trading in the U.S. equity markets:
“As of January 11, DTCC’s industry-wide testing phase for 24x5 trading in U.S. equity markets has officially commenced. This phase is a critical step toward enabling near-continuous trading, which will expand global market access, improve responsiveness across time zones, and strengthen market resiliency.
The transition to 24x5 trading represents a structural evolution for the industry—but it also introduces new operational and risk considerations. Testing ensures firms are ready to process trades seamlessly during overnight sessions, maintain robust risk controls, and support resiliency ahead of DTCC subsidiary National Securities Clearing Corporation’s (NSCC’s) transition to a 24x5 schedule on June 28, 2026, and ahead of the national exchanges’ adoption of 24x5 trading, subject to all necessary regulatory approvals. DTCC is fully prepared to support the industry throughout this process and continues to collaborate closely with market participants, regulators, and exchanges to ensure readiness. Our goal is to help firms adapt their systems, strengthen operational resilience, and prepare for the future of global trading.”
For resources and guidance, visit DTCC’s 24x5 readiness hub.
