From Perpetual Swaps to Perpetual CFDs: The Regulated Evolution

The 24/7 Trading Imperative Fixed exchange sessions are a structural mismatch with the global retail base. The NYSE opens at 9:30 a.m. Eastern and closes at 4:00 p.m., a window designed for an era when the participant base was concentrated in a single geography and order flow was physically intermediated. That assumption has shifted as [ ]