'Nasdaq Says It Will File Paperwork On Monday With U.S. SEC To Extend Trading To 23 Hours On Weekdays' - Reuters Exclusive

• Nasdaq to file paperwork with SEC for 23-hour weekday trading
• Investor demand for nonstop trading in US stocks has surged in recent years
• Other exchanges like NYSE have already filed to extend trading hours round the clock

NEW YORK, Dec 15 (Reuters) - Nasdaq NDAQ.O, one of the world's largest exchanges that is home to tech companies Nvidia, Apple and Amazon, is planning to submit paperwork with the U.S. Securities and Exchange Commission on Monday to roll out round-the-clock trading of stocks, as it looks to capitalize on a global demand for U.S. equities.

Investor demand for nonstop trading in U.S. stocks has surged in recent years, prompting regulators to introduce new rules and green-light proposals from major exchanges to enable trading beyond normal market hours. The U.S. stock market represents almost two-thirds of the market value of listed companies globally, while total foreign holdings of U.S. equities reached $17 trillion last year, according to data compiled by Nasdaq.

Nasdaq's filing with the SEC will mark its first formal step towards rolling out round-the-clock trading, five days a week. In March, Nasdaq President Tal Cohen said the exchange operator had started discussions with regulators and expected to launch nonstop five-day-a-week trading in the second half of 2026. The NewYork Stock Exchange and Cboe Global Markets also recently announced plans to move to round-the-clock trading for stocks.

"There's been this trend towards globalization for some time and we've seen the U.S. markets themselves become much more global," Chuck Mack, senior vice president of North American markets at Nasdaq, told Reuters.