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UTP and CTA/CQ Plans Jointly Propose Near-24/5 Consolidated Tape Hours
All major U.S. equity exchanges and FINRA, including IEX, jointly filed parallel amendments to extend the consolidated tape's operating hours to near-24/5 (9:00 p.m. ET Sunday through 8:00 p.m. ET Friday, with a one-hour nightly pause), the infrastructure prerequisite for exchanges to launch full extended and overnight trading sessions. Index 0 covers the 55th UTP Plan amendment for Nasdaq-listed securities; index 1 covers the 40th CTA Plan and 31st CQ Plan amendments for the Consolidated Tape. Both are notices of filing opening public comment (not yet SEC-approved), reflect unanimous participant agreement, and target December 2026 implementation.
IEX RELEVANT As a named participant on both plans, IEX must decide whether to invest in extended/overnight trading hours infrastructure and whether its speed bump and investor-protection features translate to a near-24-hour environment, or cede that segment to rivals like NYSE Arca and 24X.
Combined from 2 filings
2026-01-27
UTP Plan Participants (Joint Industry Plan)
Joint Industry Plan; Notice of Filing of the Fifty-Fifth Amendment to the Joint Self-Regu…
2026-01-27
CTA/CQ Plans (All Participants)
Consolidated Tape Association; Notice of Filing of Fortieth Substantive Amendment to the …