To meet rising demand for U.S. equities across the globe, Nasdaq is engaging with regulators to offer nearly continuous trading 23 hours a day, 5 days a week, on the Nasdaq Stock Market. On December 6, 2026, Nasdaq will introduce a new trading session from 9 p.m. to 4 a.m. ET.

Order Handling

• Members will need new order entry ports.
• Routable orders will be accepted.
• Any orders remaining open at 4 a.m. ET will be cancelled and can be re-entered in the subsequent session.

Trade Date and Settlement

• Trades executed between 9 p.m. ET and midnight will be assigned the next trading day's trade date.
• Trades executed from midnight through 8 p.m. ET will carry the current day’s trade date.
• Settlement processing will continue to be based on trade date.

Market Protections

Nasdaq will make Equities Risk Checks available through both API and WorkX.  In addition, the SEC has now approved a LULD national market system plan amendment requiring, among other things, the exchange’s rejection of orders priced outside certain static price bands disseminated via the securities information processors (SIPs). These bands will be based on the listing market's adjusted Official Closing Price and the adjusted last round-lot sale prior to 7:45 p.m. ET. The proposed upper band will be set 20% above the greater of the two reference prices, while the lower band will be set 20% below the lesser reference price, subject to minimum band widths of $3.00 for securities priced at or above $1.00 and $1.00 for securities priced below $1.00.

Corporate Actions and Dividends

As described in the Exchange’s rule proposal to become operative on December 6, 2026, certain categories of corporate actions will be halted before 9 p.m. ET on the day immediately preceding the effective date and resumed at 8 a.m. ET on the effective date. Nasdaq will send a Trade Halt Code of ‘M1’ to denote Corporate Action. More information can be found in the Corporate Actions FAQ.

Client Testing Opportunities

Nasdaq Test Facility (NTF)

• September 1, 2026

Weekend User Acceptance Test (UAT) Schedule

• October 2, 2026
• October 16, 2026
• October 30, 2026
• November 6, 2026
• November 20, 2026
• December 4, 2026

Pre-Production Period

• November 1, 2026

Order entry and trading of Nasdaq Test Symbols (ZXZZT, ZVZZT, and ZWZZT) will be available between 9 p.m. and 4 a.m. Market data will be broadcast for Nasdaq Test Symbols during the pre-production period.

Additional Resources

For additional information, please visit the Nasdaq Global Trading Hours Hub, the Global Trading Hours FAQ and the Corporate Actions FAQ.