Ringing the opening and closing bell on the New York Stock Exchange or Nasdaq is a time-honored tradition—and a major honor for companies and executives who get to participate in the ceremony. The ritual, however, may be declining in significance as around-the-clock trading becomes the norm on Wall Street and throughout the world.
This fundamental shift hit a milestone late last month when the aptly named 24 Exchange became the first exchange operator to gain SEC approval for overnight trading. The company is now looking to raise $50 million, Axios reported, ahead of its planned launch next year.
