During the discussion, 24/5 Trading: The Infrastructure Shift Behind Always-On Markets, industry leaders explored how overnight trading has developed from a niche offering into an increasingly important part of the equity market ecosystem. Despite the growth, overnight trading remains a small percentage of overall U.S. equity activity. Data points to stronger liquidityFor Elliot Banks, Chief Product Officer at BMLL, the key shift has been the improving quality of overnight liquidity. The panel said market attitudes have shifted from simply exploring overnight trading to incorporating it into trading strategies. Regulation and the road aheadAs overnight trading becomes more established, regulation is moving toward greater integration with existing market infrastructure.