eToro Expands 24/5 Trading to All S&P 500 and Nasdaq 100 Stocks

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eToro’susers now have round-the-clock access to all stocks in the S&P 500 andNasdaq 100 for five days a week, as the trading and investing platform ramps upits extended trading service.eToro Adds 24/5 Trading to Full S&P 500, Nasdaq 100Trading oneToro is now available from Sunday, 8:05 p.m. to Friday, 4:00 p.m. ET, openingUS equities to global investors at times that suit their own schedules. It alsoexpands from the initial batch of 100 stocks covered whenthe feature launched in July.“Ourmission has always been to open the global markets and make trading accessibleto everyone, everywhere,” Yossi Brandes, VP of Execution Services at eToro,said. “The S&P 500 and Nasdaq 100 represent some of the world’s mostinfluential companies, and now with 24/5 trading our users around the worldhave the flexibility to trade them at their own convenience. We will continueto add more assets and to expand our 24/5 offering to meet the evolving needsof our global community.”Extendedtrading hours on eToro put it in direct competition with brokerages such asSchwab and Fidelity, which have rolled out similar access to attract activeinvestors wanting to react to overnight price swings. For many retail investorsoutside the US, the ability to trade American stocks during local daytime hourshelps level the playing field with institutional traders.The movecomes as retail interest in after-hours trading continues to climb, fueled by asurge in market events that happen outside traditional 9:30 a.m. to 4:00 p.m.ET windows.For eToro,which recently listed on the Nasdaq, broadening its service marks an attempt tocapitalize on that shift and compete in an increasingly crowded US market.eToro Posts 48% Net Income Annual Gain in Q3The timing comes on the heels of a robust third quarter where the platform notched a 48% jump in net income year-over-year, reflecting strong demand from its expanding user base. Quarterly results showed net income at $57 million for the three months ended September 30, compared to $38 million in Q2, even after accounting for IPO-related expenses in the previous period. Revenue climbed 28% annually. However, those headline gains masked a slower sequential uptick: net contribution rose just 2.4% quarter-over-quarter to $215 million, and new funded accounts increased by 2.8% to 3.73 million. Assets under administration surged to $20.8 billion, but October saw a slight dip to $20.5 billion—indicating volatility or withdrawals. Shareholders responded positively to the results, with eToro’s stock jumping 9% after the announcement. The company also revealed a $150 million share buyback program, indicating confidence in its valuation and positioning for potential mergers or deals. Overnight Trading MeansHigher VolatilityTradingoutside standard hours can bring greater price volatility and wider spreads dueto thinner liquidity, eToro cautioned in both recent announcements. The companynoted that stop loss and take profit orders may be triggered unexpectedlyduring nighttime sessions, and encourages clients to review positions andinvestment plans ahead of the transition.The World Federation of Exchanges (WFE) also recently highlighted the potential dangers of extended trading, stating that 24/7 trading is “not inevitable nor universally desirable.” It further warns against “mimicked stock tokens” and notes that extended investing will not be suitable for every market.This article was written by Damian Chmiel at www.financemagnates.com.