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(Image credit: Getty Images) Share Share by: Copy link Facebook X Whatsapp Reddit Pinterest Flipboard Email Share this article 1 Join the conversation Follow us Add us as a preferred source on Google The New York Stock Exchange (NYSE) is bullish on building out a new venue for 24/7, instantly-settled trading of stocks and ETFs in tokenized form, reports Bloomberg . The move is intended to modernize stock trading, and evolves from the current arguably outdated model of trading during roughly half the day, on weekdays and non-holidays only.
According to Michael Blaugrund of Intercontinental Exchange Inc (ICE), who owns the NYSE, the development illustrates the evolution "from trading floor, to electronic order-book, to blockchain." The modernized platform, set to arrive "later this year," reportedly leverages NYSE's Pillar buyer-seller matching engine and integrates it with a blockchain-based system.
Crucially, the architecture links with various networks, and the tokenized stocks match those of a conventional share, maintaining owners' rights to dividends and corporate governance. As expected, the shares are backed by U.S. dollars in stablecoin form.
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Key considerations
- Investor positioning can change fast
- Volatility remains possible near catalysts
- Macro rates and liquidity can dominate flows
Reference reading
- https://www.tomshardware.com/tech-industry/SPONSORED_LINK_URL
- https://www.tomshardware.com/tech-industry/new-york-stock-exchange-building-venue-for-24-7-tokenized-stock-and-etf-exchange-will-leverage-blockchain-to-work-around-the-clock-in-a-bid-to-modernize-trading#main
- https://www.tomshardware.com
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Informational only. No financial advice. Do your own research.