24X National Exchange Launches: A New Era of 23-Hour Trading in U.S. Equities
24X National Exchange Launches: A New Era of 23-Hour Trading in U.S. Equities
In a groundbreaking development for the financial sector, 24 Exchange has officially launched the 24X National Exchange, becoming the first national securities exchange approved by the U.S. Securities and Exchange Commission (SEC) to offer trading for 23 hours on weekdays. This innovative exchange allows global investors unprecedented access to U.S. equity markets, catering particularly to institutional and retail investors who need flexibility in trading due to differing time zones.
Starting from 4:00 AM to 8:00 PM ET, the exchange offers a continuous trading environment that spans nearly an entire day. This extended trading opportunity is especially beneficial for investors located in Asia and other regions where conventional U.S. market hours are less accessible. The new trading hours provide not only more trading flexibility but also increased liquidity and operational capabilities, allowing traders to react more swiftly to global economic, corporate, or policy updates beyond the normal operational hours of U.S. exchanges.
The actualization of the 24X National Exchange is a response to the rising demand for extended trading among worldwide investors, particularly as it aligns with the global nature of today's economy. CEO and founder of 24 Exchange, Dmitri Galinov, emphasized the importance of this expansion, stating, "Our launch marks a milestone in the evolution of U.S. equities markets to trading around-the-clock. We're excited that 24X National Exchange has pioneered this path that will increase access, transparency, speed, and alignment with the global nature of today's economy – while lowering costs."
Regulatory Approval and Future Expansion
In November 2024, the SEC granted approval for 24 Exchange to conduct 23/5 trading hours after a comprehensive review of its operational capabilities and compliance with the Securities Exchange Act. As part of its foundational operations, 24X National Exchange employs advanced trading technology supported by MEMX Technologies, ensuring a reliable and efficient trading experience for its users. The exchange adheres to the same investor protections and market integrity protocols as all other SEC-licensed national exchanges, thus upholding the highest standards in trading.
As the company prepares for future developments, the exchange also aims for a significant expansion in the second half of 2026. This phase is expected to enable trading from 8:00 PM ET on Sunday through to 8:00 PM ET on Friday, with only a brief one-hour interlude each day for operational maintenance. This transformation provides a unique and valuable opportunity for traders seeking to engage with U.S. equities at more convenient times, thus revolutionizing the trading landscape.
Galino went further to articulate his vision for the exchange, stating, "This launch is a transformational moment for global traders looking to access U.S. equity markets at more convenient times. After years of innovation and regulatory collaboration, we're proud to deliver on our promise of around-the-clock trading to investors around the world. 24X National Exchange's launch is just the beginning – we're one major step closer to making 23-hour weekday trading a reality for U.S. equities worldwide."
About 24 Exchange
24 Exchange is a private company comprised of various subsidiaries, including 24X Bermuda Holdings LLC, which focuses on efficient currency exposure exchanges, and 24X National Exchange LLC, recognized for its cutting-edge approach to trading and accessibility. The company's primary mission is to create hassle-free trading experiences across different asset classes globally, increasing affordability and efficiency within the market. With a commitment to innovation and regulatory compliance, the 24X National Exchange is set to redefine the trading experience for both retail and institutional investors seeking meaningful engagement in U.S. equities. More details about trading services and operational processes can be found at their official website.