Patrick Moley

Major exchanges are increasingly moving toward round-the-clock trading, matching the global demand for immediate access to U.S. markets.

Patrick Moley, a senior research analyst at Piper Sandler, noted that while the new hours aren't expected to trigger a massive shift right away, they represent an important step toward expanding access beyond the traditional 9.30 a.m. to 4 p.m. trading window.

CBOE executives are watching the pilot closely.

Henry Schwartz, CBOE's Vice President of Market Intelligence, noted on social media that the exchange will be closely monitoring how early session liquidity, execution quality, and overall volume compare to standard trading hours.