Extended hours are open. The question is whether your desk is structured to trade them profitably. This panel moves past the headlines to the operational requirements that determine who captures the opportunity.

• How desks already active overnight have restructured staffing and supervision — and what it cost them

• Clearing and settlement outside banking hours: what's actually in place today and what's still a workaround

• Managing gap risk and thin liquidity — the strategies that hold up and the ones that look better in theory

• Where overnight volume is concentrating and which venues are building real market structure around it