Robinhood (HOOD) Has Extended Its Trading Hours By Four Hours.

Robbie Hood (HOOD) announced on Monday that it has extended its trading hours by four hours, expanding the whole day’s trading to seven in the morning and eight at night Eastern Time (ET) (ET). On a typical day, Robinhood’s trading hours were 9am to 6pm, with the first deal took place at 9am and closing two hours after the New York Stock Exchange (NYSE) had shut down.

In a March 29, 2022 blog post, our customers said they are “working or otherwise occupied during conventional market hours, constraining their ability to invest on their own timetable or assess and react to crucial market news.” “Our new extended trading hours for stocks will enable them to manage their portfolio at times that suit them,” the paper reads.

  • Key Point

    The trading hours for Robinhood (HOOD) have been expanded to include 7 a.m. to 8 p.m. Eastern Standard Time.

  • This is comparable to essential competitors.
  • Robinhood has said that it intends to provide trading services around the clock.
Matching the Level of the Competition

Key competition of Robinhood already provided trading hours ranging from 7 a.m. to 8 p.m. Eastern Standard Time. The Charles Schwab Corporation (SCHW), Interactive Brokers Group, Inc. (IBKR), and Fidelity Investments are just a few companies in this group. Select customers of Interactive Brokers can start their trading day earlier than 7:00 a.m. Eastern Time. IBKR Pro accounts have access to extended regular trading hours for equities in the United States. These hours begin at 4:00 a.m. Eastern Time and continue until the market opens, and they are reactivated after market closure until 8:00 p.m East Coast time. Regular trading hours for IBKR Lite accounts begin at 7:00 a.m. Eastern Time and continue until the market opens, after which it resumes at market close until 8:00 p.m. Eastern Time, and it ends at 8:00 p.m. Eastern Time.

Market participants may start trading as early as 4 a.m. Eastern Time and finish as late as 8 p.m. Eastern Time in the United States equities markets. Electronic brokerage companies vary in terms of the hours they provide assistance for trading. Eventually, Robinhood and some of its rivals will provide stock trading 24 hours, seven days a week.

‘Investing in the Future Will Be 24/7’

Indeed, Robinhood claimed on its blog that “we’re striving towards 24/7 investing.” “In the future, when they are not restricted to regular business the site said that regular investors would be able to invest more on their own terms and timetables.

Robinhood makes the following observation: “In fact, we’ve seen a growing community of Robinhood early birds and night owls that log in entirely outside of typical market hours, according to our data. A lot is on their plates, from full-time work to education, family commitments and extra ventures.”

The following is also said on Robinhood’s blog: “The journey we’ve been on to democratise finance for everyone has been a long one since we first introduced commission-free trading in 2014. The company has offered new products and services to provide access to a new generation of investors. These include cryptocurrency in 2018, fractional shares in 2019, automated investments in 2020, and 24/7 customer assistance in 2021, among other initiatives. The introduction of today’s product is merely the first step in a long journey, and we’re just getting started.”

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