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Nasdaq is preparing to submit an application to the U.S. Securities and Exchange Commission (SEC) to extend trading hours for stocks and exchange-traded products (ETPs) to five days a week, approaching nearly 24 hours. Nasdaq proposes to trade 23 hours daily, from 4 a.m. to 8 p.m. Eastern Time, followed by after-hours trading from 9 p.m. to 4 a.m. the next day. This move aims to align with the trading habits of global investors. Nasdaq executives pointed out that this aligns with globalization trends and stated that many brokerages already offer overnight trading services because clients are accustomed to the cryptocurrency market. Previously, the New York Stock Exchange received SEC approval to extend its after-hours trading hours.