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Brokerage company Robinhood introduced on Monday night that it would certainly not supply over night trading because of a concern with its implementation location.
The firm stated in an article on social media site X that Blue Sea ATS, the third-party company that Robinhood collaborates with for day-and-night trading, has actually suspended its over night market.
” Robinhood 24-hour Market’s implementation location, Blue Sea ATS (Watercrafts), has actually put on hold over night trading for tonight. 24-hour Market orders that are open since approx. 8 PM ET will certainly be directed for implementation beginning at approx. 4 AM ET tomorrow. You might terminate your order any time, and can still position an order for an additional trading session,” the declaration stated.
It is unclear if the suspension will certainly last past very early Tuesday early morning, or if various other broker agent companies that supply over night trading are impacted.
The statement from Robinhood follows numerous companies, consisting of Charles Schwab, endured technological problems on Monday that briefly stopped a few of their customers from accessing their broker agent accounts.
Worldwide markets saw a high sell-off on Monday, with the Dow Jones Industrial Average dropping greater than 1,000 factors and the S&& P 500 uploading its worst day given that 2022.
Robinhood initially presented “24/5 trading” â $” ranging from 8 p.m. ET on Sunday to 8 p.m. ET on Friday â $” in May 2023. Over night trading is commonly restricted to one of the most fluid supplies and ETFs in the marketplace.
