Investors can get into trading in the trading zones on Tuesday, according to a new report.
The report, titled Trading in the Zone, by the brokerage firm BDO Securities and the consulting firm PricewaterhouseCoopers, says it’s possible to trade stocks in the “zone” without a broker, since trading in a stock market is not regulated.BDO Securities’ report said traders can trade stocks within the zone on the same day they enter, but they can’t trade until the next day.
That means they can still trade after their brokers close the trade.
Billionaire investor Warren Buffett, whose Berkshire Hathaway, or Berkshire Hathaford, owns about 30% of the New York Stock Exchange, is the latest Wall Street titan to jump into the trading space, and he has been one of the biggest proponents of the new trade zones.
His firm has helped brokerages set up trading areas in the New Jersey, New York and Connecticut trading areas.
The report said brokers can use the zone to trade for up to five minutes before closing the trade, and then wait for a broker to close the transaction.
Trading in stocks in New York trading areas is restricted to the brokers who set up the trading areas, according the report.
The rules also apply to trading in other markets in the U.S. that are regulated by the Securities and Exchange Commission, including in Puerto Rico, Guam, and the U