Robinhood CEO says move to 24-hour trading for individual stocks is overdue. Skeptics see no need.

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That’s Robinhood Markets Inc. HOOD Chief Executive Vlad Tenev telling CNBC in a Thursday interview 24-hour trading in individual stocks was a long overdue innovation.

Robinhood released earnings Wednesday night and announced that it would launch a new 24-hour trading service next week, called 24 Hour Market, that would allow round-the-clock stock trading five days a week. Robinhood shares were up 2.5% just before midday Thursday.

Tenev,…

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