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Whether or not equities will eventually mirror the 24/7 trading environments we see within the foreign exchange and cryptocurrency markets is yet to be seen. Technological advances have been made which suggest it could be feasible, however, whether the industry deems the concept fit for purpose in equities is still a debatable prospect. However, we will see an increase in coverage requirements and there are some benefits to the change. Foremost is smooth and continuous trading, meaning an asset manager can work on a global level with minimum hinderance. Utilising regional desks improves local understanding and creates market knowledge specialists who can leverage their expertise rather than relying on one generalist desk for global coverage.

The Committee on Payments and Market Infrastructures (CPMI) published a paper that analyzes and outlines practical approaches that have been used to address some of the key challenges of extending or aligning real-time gross settlement (RTGS) system operating hours. Limited RTGS system operating hours and gaps between jurisdictions' operating hours due to time zone differences can lead to delays in settlement of cross-border payments. Several RTGS systems have extended operating hours in recent years and have experienced notable adoption of the additional hours. With the extended hours, payment system participants can offer better services to end users, such as 24/7 fast payments. Many more RTGS systems are evaluating or planning to extend operating hours.