SPX, VIX, XSP, and RUT options now trade nearly 24 hours a day, five days a week

CHICAGO: #0DTE--tastytrade, the online brokerage firm created by traders for self-directed investors, announced full support for Cboe Global Trading Hours (GTH), giving customers real-time access to S&P 500 Index (SPX), Cboe Volatility Index (VIX), Mini-SPX (XSP), and Russell 2000 Index (RUT) options well beyond the regular trading session. Eligible index options now trade in Cboe's Global Trading Hours session, which runs overnight from 8:15 p.m. ET to 9:25 a.m. ET - Sunday evening through Friday morning - and the Curb session, 4:15 to 5:00 p.m. ET Monday through Friday, in addition to regular trading hours.

The offering is built for event-driven trading. Economic releases such as CPI and PPI reports land before the market opens, and international news can move US markets all the same. With Global Trading Hours offering close to 24-hour trading sessions, tastytrade now provides its customers with the opportunity to act the moment news breaks with extended trading hours, not the morning after. It also extends the instruments tastytrade’s core customers already rely on for hedging, macro positioning, and volatility trading.

tastytrade is also preparing for the next phase of extended-session trading for single stock options, with the goal of offering access on day one, bringing around-the-clock trading to earnings season for the first time.

“Institutional traders have always had access to the overnight session, and we’re putting that same capability in the hands of the active retail traders who will actually use it,” said Pete Mulmat, Head of Brokerage, tastytrade/IGNA. “Our customers are already among the most engaged index options traders anywhere. XSP is a top 10 product on our platform while it sits outside the top 40 industry wide.”

The launch comes as overnight activity accelerates. According to Cboe, GTH volume has set records in consecutive months, recently accounting for more than 4% of total SPX options volume, up sharply from roughly 3% just months earlier.

GTH works exactly like the regular session on tastytrade’s platform, using the same order ticket and the same workflow on desktop and mobile, with limit orders and dedicated time-in-force options (Global Hours and GTC Global Hours).

tastytrade’s education and live financial network affiliate, tastylive, covers trading and managing SPX in the GTH session every weekday morning from 7:30 to 8:30 a.m. CT, in real time before the open. Dedicated GTH programming and a webinar series will follow across tastylive and YouTube.

GTH is available now on all tastytrade platforms for SPX, VIX, XSP, and RUT options. For more information, visit tastytrade.com/global-trading-hours.

About tastytrade

tastytrade is an award-winning brokerage firm established in 2017 to change the way people invest. tastytrade empowers investors seeking to actively manage their own money with a powerful platform and access to educational content for stocks, options, and futures trading. tastytrade is a subsidiary of IG US Holdings, Inc., parent to tastylive, the financial content and education platform; tastyfx, the fastest-growing forex broker in the United States; tasty Software Solutions, LLC; and a subsidiary of IG Group Holdings plc (LON:IGG), a global fintech company that provides award-winning products, platforms, and access to ~19,000 financial markets to investors around the world. Learn more at www.tastytrade.com.

Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before investing in options.

Trading during extended hours involves additional risks, including but not limited to reduced liquidity, increased volatility, wider bid-ask spreads, and the potential impact of news released outside of regular market hours.

Fonte: Business Wire