#United States #Stamford #Trading #Retail Investors #24 Exchange

24X National Exchange Unveils Aggressive New Pricing Program

Overview
In an effort to bolster its appeal among retail investors and liquidity providers, 24 Exchange has announced the launch of an innovative pricing program for its flagship platform, the 24X National Exchange. This initiative, which became effective following recent approval from the U.S. Securities and Exchange Commission (SEC), marks a significant milestone in making extended trading accessible to all.

New Pricing Structure
Under the new retail trade pricing program, equities trading above $1.00 will incur a rebate of $0.0038 (38 mils) with no tiered structures, making it easier and more straightforward for retail investors to engage in trading. Additionally, for added liquidity across all tapes of stocks trading over $1.00, a $0.0034 (34 mils) rebate is also offered. The take rate remains unchanged at $0.00295 per share (29.5 mils), reinforcing the commitment to simplicity and transparency in execution costs.

Statement from Leadership
Dmitri Galinov, CEO and Founder of 24X National Exchange, emphasized the company’s commitment to enhancing trading conditions for its members. Galinov stated, "We are thankful for the continuous support from our members, and we designed this retail program to ensure value, accessibility, and simplicity. Our goal is to boost retail limit order flow while simultaneously attracting liquidity providers to ensure vibrant trading activity on our exchange."

Simplifying Trading for All Investors
The straightforward pricing model introduced by the 24X Exchange is a critical step toward creating an equitable trading environment. By eliminating complex fee structures that typically disadvantage smaller market participants, the exchange demonstrates its dedication to improving the trading experience for all investors. This new structure, combined with an inverted pricing model, allows traders to focus on execution quality rather than navigating complicated fee schedules.

Future Commitment to Extended Trading Hours
Last October, the 24X National Exchange began operations with extended hours, offering U.S. equities trading from 4:00 a.m. to 8:00 p.m. ET on weekdays. The exchange has plans to expand its operations to a full 23/5 trading schedule in the latter half of the year. This ongoing expansion highlights the company’s mission to provide around-the-clock trading solutions for both retail and institutional investors.

About 24X
24X Bermuda Holdings LLC, the parent company of the exchange, operates with a vision to democratize access to diverse asset classes while lowering the costs associated with trading in global markets. The two primary subsidiaries include 24X Bermuda Limited, facilitating efficient currency exchanges, and 24X National Exchange LLC, known for its pioneering trading hours.

As this innovative pricing program is rolled out, it beckons a new era for retail investors aiming to capitalize on the extended trading windows, all within a transparent and competitive framework. For further information, visit their website at 24 Exchange and learn more about the trading services and opportunities available.

Conclusion
The introduction of the new pricing program by 24 Exchange solidifies its commitment to a user-centric approach in trading, aiming to enhance liquidity, engagement, and accessibility thus setting a new standard in the securities trading landscape.