Webull, an American stock trading platform with a global presence, has expanded its offerings for traders in Australia by introducing 24-hour trading services. However, the service will be limited to the trading of US equities and ETFs.
Aligning with US Market Hours
According to today's announcement (Friday), the platform will initially support 24-hour trading of more than 60 popular US stocks and ETFs. This includes well-known stocks such as Tesla, Nvidia, Microsoft, Amazon, and Google, as well as sought-after ETFs like SPY and QQQ.
“Traditionally, US market hours made trading the world’s largest capital market a challenging task for us here in Australia, which has been a deterrent for those seeking international equity exposure,” said Rob Talevski, CEO of Webull Australia.
“Now, Webull clients can fully engage and participate as if they were trading local equities and even benefit from emerging out-of-hours trading events in the US, such as significant market developments, macro events, or crucial company news.”
Meanwhile, Webull is on an expansion drive and has recently entered several international markets. It is also in discussions with South Korean regulators for approval to become the first foreign firm in the country’s stock trading industry.
The Demand to Trade All Day
24-hour trading offers traders the opportunity to execute trades outside the hours when exchanges are operational. With this, traders can take advantage of the pre and post-market volatility.
Webull noted that its 24-hour trading in Australia will be available from 10:00 to 17:58 AEST, Monday to Friday. This will allow Australian traders and investors to execute orders during the Australian business day, outside of regular and extended US trading hours, within a new trading session – US overnight hours. It will also ensure next-day settlement, regardless of the time of execution.
“We’ve designed the Webull Australia platform to optimise the online trading experience, both for experienced investors and those new to the market, and the launch of 24-hour trading is simply an extension of these efforts,” added Talevski.
Around-the-clock trading is becoming the norm across markets. Recently, Interactive Brokers extended trading hours for US Treasury bonds to 22 hours each day, up from the previous nine hours.
