This is excellent news for futures algotraders!
Low liquidity outside of NY session on NQ has made a lot of algorithms unable to scale past a few million bucks in capital.
Now, our algorithms will be even more powerful because slippage on overnight edge will go down.
"Nasdaq is moving to 23hr a day, 5 day a week trading & will file with the SEC on Monday to get it approved The plan is for a day session from 4am to 8pm ET & a night session from 9pm to 4am, with the trading week running Sunday 9pm to Friday 8pm and a launch targeted for 2H'26"
Source: Reuters