The Depository Trust & Clearing Corporation (DTCC) announced today that its subsidiary, the National Securities Clearing Corporation (NSCC), will extend its clearing hours to support the growing demand for extended trading. The new schedule, set to launch in Q2 2026, is subject to regulatory review and approval of necessary rule changes.

The extension of clearing hours is designed to provide significant value to clients by enhancing liquidity and minimizing counterparty risk. With the expanded hours, NSCC will be able to apply its central counterparty guarantee to overnight trades across various time zones, accommodating global participants and fostering more efficient market operations.

DTCC to Extend Clearing Hours to Support 24×5 Trading

In September 2024, NSCC began phase 1 of the extended trading hours initiative by enabling market centers and trading platforms to submit trades at 1:30 AM ET—roughly 2.5 hours earlier than before. Building on this success, phase 2 will see NSCC operating 24 hours a day, five days a week, from Sunday at 8:00 PM ET to Friday at 8:00 PM ET. This will allow for seamless overnight trading activity from Alternative Trading Systems (ATS) and Exchanges.

NSCC acknowledges the industry’s preference for standardized operating hours across Exchange and ATS providers in the U.S. market. To this end, NSCC will continue collaborating with the Securities Industry and Financial Markets Association (SIFMA), regulators, and other stakeholders to align extended trading hours with required post-trade processes.

Brian Steele, Managing Director and President of Clearing and Securities Services at DTCC, commented, “As interest in near round-the-clock trading of U.S. equities grows, we are meeting this demand by extending our clearing hours to support our clients and strengthen market safety.” Steele also emphasized DTCC’s ongoing commitment to collaborating with industry leaders, including 24 Exchange, Blue Ocean Technologies, Cboe Global Markets, Nasdaq, and NYSE, to ensure the successful implementation of the new extended clearing schedule.

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