US SEC official: Round-the-clock trading is on the rise, with retail investors and passive investment institutions gaining greater influence.

November 13 - Jamie Selway, Director of the SEC's Division of Trading and Markets, stated that financial market trading is moving towards 24/7 operations, with new instruments such as tokenized securities and perpetual futures also entering the market. Meanwhile, the U.S. Treasury market is about to implement central clearing, and some reform proposals for the U.S. National Market System are still under review.

Selway pointed out that, compared to the past, retail investors and passive asset management institutions are playing a greater role in the market. As data scale expands, the challenge of market research is shifting from obtaining unique data to processing large volumes of data, and researchers are increasingly turning to artificial intelligence tools. He also clarified that the above remarks do not necessarily represent the views of the SEC, the Commissioners, or other colleagues in the Division of Trading and Markets.