#USA #Stamford #24 Exchange #SEC Approval #24X National

24X National Exchange Receives SEC Approval

24 Exchange, a key player in the financial technology sector, has recently secured the much-anticipated approval from the U.S. Securities and Exchange Commission (SEC) to establish "24X National Exchange," a groundbreaking national securities exchange in the United States. What sets this exchange apart is its plan to facilitate the trading of U.S. securities for 23 hours a day during the work week, a first of its kind in the financial market.

Extended Trading Hours

The vision behind 24X National Exchange is to bridge the gap created by traditional trading hours. Dmitri Galinov, the CEO and founder of 24 Exchange, expressed his excitement, stating, "This approval from the SEC is a pivotal milestone for our team, as we have been working towards this goal for many years."

The exchange will kick off its operations in two phases. The first phase, scheduled for the second half of 2025, will allow trading from 4 AM ET to 7 PM ET. Following this, a second phase will enable continuous trading from Sunday at 8 PM ET to Friday at 7 PM ET, with only a one-hour operational break each day for software updates and functionality tests.

Regulatory Assurance and Investor Protection

24X National Exchange will operate under tight regulatory scrutiny from the SEC, ensuring robust protections for investors. This added security is expected to attract both individual traders and institutional clients globally, who will be able to trade U.S. equities through members approved by the exchange.

The extended hours aim to reduce the risks traders face when markets are closed in their respective regions, especially in Asia-Pacific. By offering nearly 24/7 trading access, 24X National Exchange seeks to capture the increasing demand for liquidity and improved trading opportunities.

State-of-the-Art Technology

The exchange will leverage cutting-edge technology provided by MEMX Technologies, which is instrumental in delivering a reliable trading experience. Galinov emphasized the importance of continuously innovating to enhance customer experience, stating, "We are committed to building a client-focused exchange capable of swiftly adapting to market demands and customer feedback."

Moreover, the introduction of 24X National Exchange feels timely as financial markets increasingly seek efficiency and responsiveness. Previous data flows indicate a growing trend for traders wanting access beyond conventional hours, and 24X aims to fulfill this need eloquently.

24X National Exchange envisions not only a platform for trading but a transformative experience aimed at providing enhanced profitability, speed, resilience, and adaptability—traits that institutional clients have long pursued.

Future Outlook

With the SEC's historical approval in hand, 24 Exchange plans to roll out the exchange with operational guidelines that comply with the Securities Exchange Act. It’s essential to note that the trading hours will not include U.S. holidays, aligning with practices observed by the New York Stock Exchange and Nasdaq.

Since its establishment in 2019, 24 Exchange has made a mark by supplying multi-asset options via a unified trading interface. This strategic step into national securities is anticipated to fortify its offerings, allowing traders to navigate the complexities of the market with reduced costs.

Through this initiative, 24X aims to usher in a new era of trading excellence and accessibility. With a clear commitment to operational efficiency and client satisfaction, the launch of 24X National Exchange represents not just an evolution in trading but a revolution that stands to benefit the global trading community.

For further updates and information, financial professionals are encouraged to explore official announcements and resources available at 24 Exchange's website.