Analysis of the changes reshaping trading: 24-hour equities, the EU consolidated tape, T+1, prediction markets and landmark regulatory cases.
Market structure changes slowly and then all at once. Extended trading hours, consolidated tapes, settlement cycles and new asset classes alter how liquidity forms and who captures it.
Our analysis focuses on what each development means in practice for trading firms, market makers and liquidity providers.
Nasdaq targets a 23-hour trading day from December 2026, DTCC already clears 24x5 and brokers route overnight orders to ATSs. What the overnight session looks like — and what it means for liquidity providers.
Research roadmap
Our editorial plan for this section. Published guides are linked; the rest are in research.
