#United States #Stamford #24X National Exchange #SEC #U.S. Equities

24X National Exchange's Request for Overnight Trading

The 24X National Exchange LLC ("24X"), recognized as the inaugural national securities exchange by the U.S. Securities and Exchange Commission (SEC) to enable 23-hour trading of U.S. equities, has taken a significant step by submitting a response letter to the SEC. This letter addresses key public comments regarding its application for a temporary and conditional exemption, aiming to initiate overnight trading during the designated 24X Market Session.

24X's Vision and Request

In its response, 24X strongly advocates for SEC approval of the exemptive relief sought. This approval is essential for the prompt commencement of 23/5 trading on a regulated national securities exchange. The urgency of this request is underscored by 24X’s conviction that extending access to a regulated exchange will provide enhanced investor protections for trading activities that occur outside standard market hours. The letter explicitly emphasizes the need for a regulated environment where investors can engage in overnight trading with the full spectrum of safeguards typically associated with registered exchanges.

According to 24X CEO and Founder Dmitri Galinov, the growing global appetite for U.S. equities does not wane when standard trading hours conclude. He stated, "Overnight trading is currently taking place in less-regulated areas that lack transparency. Our proposition enables this trading to occur within a regulated framework, ensuring investor protections, market surveillance, and improved transparency. The infrastructure for trading and data processing is advancing rapidly; the definitive question now is whether American investors will be able to benefit from oversight on their overnight trades."

The Temporary Exemption Request

The exemption requested by 24X would be in place until the consolidated data plans are adequately ready to handle and distribute transaction and quotation data during the 24X Market Session. By pushing for this temporary measure, 24X aims to allow the market to evolve toward continuous trading without sacrificing the fundamental principles of the national market system.

Galinov further emphasizes that the pioneering spirit of 24X as a national exchange innovator should not be stymied by waiting for the necessary securities information plans (SIPs) to be in place fully. He claims, "This exemption is a calculated, pro-investor strategy that encourages the evolution toward all-day trading while maintaining core market principles."

Background of 24X National Exchange

Founded as part of 24X Bermuda Holdings LLC, 24X National Exchange LLC represents a new era in how market participants can trade. By allowing seamless transactions around the clock, it aims to reduce trading costs across a variety of asset classes. More than just a trading venue, 24X consistently strives to provide tailored workflows to meet the diverse needs of modern-day investors. Its platform is designed not only for cost efficiencies but also for delivering enhanced user experiences across retail and institutional spectrums.

The application by 24X was initially filed on December 15, 2025, and the SEC made it available for public commentary starting February 25, 2026. If approved, this exemption could significantly alter the landscape of overnight equity trading in the U.S., creating a more dynamic and competitive environment.

24X National Exchange looks forward to collaborating with regulatory bodies to facilitate safer and more robust trading practices for all investors. As they await the SEC's decision, the focus remains on how best to leverage technology and respond to the growing demand for flexible trading solutions in a rapidly changing financial landscape.

For further details regarding this initiative and ongoing developments, interested parties can visit the official 24X National Exchange website.