Brew Another Pot, Robinhood’s 24-Hour Stock Trading Is Here
As the company launches a new nighttime buying and selling feature, one Reddit poster asks: “Why would anyone want this?”
Money never sleeps on Wall Street. Or at least that’s what Michael Douglas’s character Gordon Gekko tells us in the Hollywood version of Wall Street.
And now the amateur traders on all the other streets will get the opportunity for their own stock-market-induced insomnia: Robinhood has introduced 24-hour trading in 43 of the most active US exchange-traded funds and individual companies such as Tesla, Amazon and Apple. Orders now can be placed and executed anytime from 8 p.m. New York time on Sunday to 8 p.m. on Friday. Robinhood joins Interactive Brokers Group, which recently introduced overnight trading of 79 stocks and ETFs, and other brokerages offering round-the-clock trading only of popular ETFs.