Robinhood to launch 24/7 trading

Robinhood, a platform for traders, is planning to offer its customers the ability to buy and sell stocks and ETFs during extended trading hours, according to Business Insider. The platform will operate on a 24/7 basis from Sunday to Friday, starting at 8 p.m. this month. Customers will be able to place limit orders on 43 stocks and ETFs, including Tesla and Apple.

The reason for these changes is the company's desire to meet the demands of customers who are short on time and insist on broader changes in trading. The platform will begin operating around the clock on May 16 for some customers, with full access for all other customers in June. "We often hear from customers that it is difficult to find time to invest during regular market hours, and the 24/7 mode will allow customers to invest when they want, according to their own schedule."

Limit orders allow investors to buy or sell securities at a specified price compared to market orders, which are executed at the best available price. Limit orders will reduce clients' exposure to price volatility in stocks, which may occur during non-trading hours when trading volume is lower than usual during the day.

Regular stock trading hours from Monday to Friday start at 9:30 a.m. Eastern Time and end at 4 p.m. Some brokerage firms offer so-called after-hours trading or extended trading hours, which start at 4 a.m. Eastern Time and continue until 8 p.m.