NSCC clears 24×5 with the CCP guarantee extended to overnight trades
28 June 2026
target launch for 23×5 exchange sessions and the extended consolidated tape
Approved · launch gated on SIP
of US equity activity already traded outside core hours
Q2 2025 · industry analysis
exposure-based margin replaced the pattern day trader rule
Effective 4 June 2026
Prime time in Singapore, Hong Kong, Tokyo and Sydney. The session your clients have never been able to trade.
The European trading day, and the APAC evening. Existing pre-market flow, now inside a continuous week.
Deepest liquidity and tightest spreads. Unchanged, and still the benchmark for execution quality.
Post-close and earnings reaction, running into the APAC morning.
One hour for clearing rollover, corporate actions and trade-date transition. Everything that used to have a night now has sixty minutes.
A trade at 1:00 a.m. Tuesday ET is a Tuesday trade settling Wednesday. Every booking, report and statement must carry the session.
APAC and Gulf clients hold US equities but were structurally locked out of US hours. The night session removes the exclusion.
Institutional flow consolidates on intermediaries that can execute, clear and report overnight. That decision is being made now.
Off-hours activity already accounts for around 11.5% of US equity volume. Clients who trade at night will bank where they can.
A longer week extends margin interest, securities lending and FX funding across sessions that previously generated nothing.
A trade at 2:00 a.m. still needs risk checks, clearing submission, affirmation, funding and surveillance, while your teams are asleep.
Regulators and allocators will test the back end. Firms pass on the front end and fail on post-trade, risk and surveillance.
Continuous trade capture with session and trade-date stamping.
Corporate actions applied automatically as announcements arrive.
Exception-only operations - people work breaks, not queues.
Real-time positions and cash, no window where the book is dark.
Clearing rollover and trade-date transition handled without a batch.
Continuous reconciliation instead of an end-of-day cycle.
Intraday margin and buying power recalculated as exposure moves.
Same-day affirmation on overnight trades, ahead of the T+1 deadline.
Session-stamped audit trail assembled as the work happens.
Continuous trade capture with session and trade-date stamping.
Real-time positions and cash, no window where the book is dark.
Intraday margin and buying power recalculated as exposure moves.
Corporate actions applied automatically as announcements arrive.
Clearing rollover and trade-date transition handled without a batch.
Same-day affirmation on overnight trades, ahead of the T+1 deadline.
Exception-only operations - people work breaks, not queues.
Continuous reconciliation instead of an end-of-day cycle.
Session-stamped audit trail assembled as the work happens.
Every hour you add to the trading week is either an hour of automation or an hour of headcount. Only one of them scales.
01
Live US trading offered inside APAC and European business hours.
02
A longer trading week absorbed by automation, not by a night shift.
03
Intraday margin and exposure across every session, not a daily snapshot.
04
Session-stamped records and decision logs, ready for examination.
05
Capability in weeks, while competitors are still costing shift patterns.