Robinhood,
the net brokerage agency, launched its 24-hour buying and selling platform referred to as the
“Robinhood 24 Hour Market” final 12 months, enabling retail buyers to
commerce shares and ETFs across the clock, 5 days per week. Now, the platform has
recorded a complete in a single day buying and selling quantity exceeding $10 billion since its launch.
In accordance
to Robinhood’s latest report, the platform has skilled a big shift
in buying and selling patterns, with a notable enhance in buying and selling exercise outdoors
conventional market hours. On the busiest days, as a lot as 25% of the overall
each day buying and selling quantity has occurred in the course of the in a single day session, highlighting
the rising demand for prolonged buying and selling hours.
The
Robinhood 24 Hour Market service was first launched in Could 2023 and made out there
to US shoppers. After a trial interval, it was made out there to all Robinhood
prospects in July.
“We consider
the way forward for investing is right here, and it’s across the clock,” the corporate
commented within the official press launch. “Over the previous a number of weeks and
months, we’ve seen a big shift in 24 Hour Market buying and selling exercise and a
notable enhance in adoption by Robinhood prospects outdoors of conventional
market hours.”
Since we launched Robinhood 24 Hour Market final 12 months, we’ve executed $10B in buying and selling quantity throughout in a single day hours. On our busiest days, we’ve seen as a lot as 25% of the overall each day buying and selling quantity come from outdoors of standard market hours.
— Vlad Tenev (@vladtenev) March 6, 2024
The report
additional revealed that the common each day buying and selling quantity for the in a single day
session has grown persistently each month since September 2023. February
marked the best common each day buying and selling quantity for the in a single day session since
the platform’s inception, with quantity ranges 1.6 occasions greater than January,
twice as excessive as December, and a pair of.6 occasions greater than November.
The only
greatest buying and selling day when it comes to in a single day quantity was recorded on the night of
3 March into the morning of 4 March, underscoring the platform’s recognition and
the rising urge for food for twenty-four/7 buying and selling amongst retail buyers.
Extra Firms Supply
Prolonged Buying and selling Hours
Robinhood
has expanded the variety of symbols out there for in a single day buying and selling within the US to
922, together with a few of the most traded ETFs and particular person shares. This transfer
has additional democratized the funding panorama, permitting buyers to commerce
on their very own schedules, no matter conventional market hours.
Since we launched Robinhood 24 Hour Market final 12 months, we’ve executed $10B in buying and selling quantity throughout in a single day hours. On our busiest days, we’ve seen as a lot as 25% of the overall each day buying and selling quantity come from outdoors of standard market hours.
— Vlad Tenev (@vladtenev) March 6, 2024
The
Robinhood 24 Hour Market operates from 8:00 pm ET on Sunday to eight:00 pm ET on
Friday, permitting buyers to execute trades at their comfort. Clients
can place restrict orders, set buying and selling hours, and select the variety of shares they
want to purchase or promote, all inside the user-friendly Robinhood app.
Nonetheless,
the corporate is just not alone in its efforts. Beforehand, an identical providing was
offered by eToro, in addition to Moomoo, the buying and selling app of the brokerage agency
Futu. The newest report from European Spectrum Markets revealed that as of
early 2024, each third transaction passed off outdoors conventional market
hours.
Robinhood,
the net brokerage agency, launched its 24-hour buying and selling platform referred to as the
“Robinhood 24 Hour Market” final 12 months, enabling retail buyers to
commerce shares and ETFs across the clock, 5 days per week. Now, the platform has
recorded a complete in a single day buying and selling quantity exceeding $10 billion since its launch.
In accordance
to Robinhood’s latest report, the platform has skilled a big shift
in buying and selling patterns, with a notable enhance in buying and selling exercise outdoors
conventional market hours. On the busiest days, as a lot as 25% of the overall
each day buying and selling quantity has occurred in the course of the in a single day session, highlighting
the rising demand for prolonged buying and selling hours.
The
Robinhood 24 Hour Market service was first launched in Could 2023 and made out there
to US shoppers. After a trial interval, it was made out there to all Robinhood
prospects in July.
“We consider
the way forward for investing is right here, and it’s across the clock,” the corporate
commented within the official press launch. “Over the previous a number of weeks and
months, we’ve seen a big shift in 24 Hour Market buying and selling exercise and a
notable enhance in adoption by Robinhood prospects outdoors of conventional
market hours.”
Since we launched Robinhood 24 Hour Market final 12 months, we’ve executed $10B in buying and selling quantity throughout in a single day hours. On our busiest days, we’ve seen as a lot as 25% of the overall each day buying and selling quantity come from outdoors of standard market hours.
— Vlad Tenev (@vladtenev) March 6, 2024
The report
additional revealed that the common each day buying and selling quantity for the in a single day
session has grown persistently each month since September 2023. February
marked the best common each day buying and selling quantity for the in a single day session since
the platform’s inception, with quantity ranges 1.6 occasions greater than January,
twice as excessive as December, and a pair of.6 occasions greater than November.
The only
greatest buying and selling day when it comes to in a single day quantity was recorded on the night of
3 March into the morning of 4 March, underscoring the platform’s recognition and
the rising urge for food for twenty-four/7 buying and selling amongst retail buyers.
Extra Firms Supply
Prolonged Buying and selling Hours
Robinhood
has expanded the variety of symbols out there for in a single day buying and selling within the US to
922, together with a few of the most traded ETFs and particular person shares. This transfer
has additional democratized the funding panorama, permitting buyers to commerce
on their very own schedules, no matter conventional market hours.
Since we launched Robinhood 24 Hour Market final 12 months, we’ve executed $10B in buying and selling quantity throughout in a single day hours. On our busiest days, we’ve seen as a lot as 25% of the overall each day buying and selling quantity come from outdoors of standard market hours.
— Vlad Tenev (@vladtenev) March 6, 2024
The
Robinhood 24 Hour Market operates from 8:00 pm ET on Sunday to eight:00 pm ET on
Friday, permitting buyers to execute trades at their comfort. Clients
can place restrict orders, set buying and selling hours, and select the variety of shares they
want to purchase or promote, all inside the user-friendly Robinhood app.
Nonetheless,
the corporate is just not alone in its efforts. Beforehand, an identical providing was
offered by eToro, in addition to Moomoo, the buying and selling app of the brokerage agency
Futu. The newest report from European Spectrum Markets revealed that as of
early 2024, each third transaction passed off outdoors conventional market
hours.
