The Cboe BZX Exchange, Inc. proposed changes to extend their Early Trading Session hours. The new hours will be from 4:00 a.m. to 8:00 a.m. Eastern Time, extending from the previous start time of 7:00 a.m. They also plan to allow orders to be accepted from 2:30 a.m. to 4:00 a.m., providing users more time to enter their orders for the early session. This change aims to provide traders with more opportunities to access liquidity early in the day, in line with similar sessions on other exchanges.
Simple Explanation
The Cboe BZX Exchange wants to start their early morning trading an hour earlier at 4 a.m. instead of 7 a.m., so traders have more time to buy and sell stocks before most people wake up. They're also letting people set up their trades even earlier, starting at 2:30 a.m.