🇺🇸📊🕒 Citadel Securities Urges SEC to Regulate 24-Hour Trading, Private Rooms in Sweeping Policy Push
🔹 Summary:
Citadel Securities submitted a 29-page proposal to the SEC urging clear rules for upcoming 24-hour stock trading and tighter oversight of private trading venues, citing concerns over transparency, infrastructure, and market fairness.
The push comes amid regulatory shifts under new SEC Chairman Paul Atkins and as exchanges race to expand trading hours.
🔹 Key Points:
• Citadel warned that 24/7 trading needs consistent rules, infrastructure upgrades, and date alignment safeguards.
• The firm criticized “private rooms” — limited-access trading platforms — for lacking fair access and transparency.
• Citadel also advocated for faster corporate bond block trade disclosures and reforms across digital assets and treasuries.
• Exchanges like Nasdaq, Cboe, and ICE plan extended trading sessions, increasing regulatory urgency.
• Citadel trades about $570B daily and is seeking a level playing field under the new SEC leadership.
Tickers Of Interest: $CBOE $NDAQ $ICE $SPY $TLT $QQQ $XLF

13.63K
3
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.