24 Exchange, a startup backed by Point72 Ventures, announced today that it has received approval from the U.S. Securities and Exchange Commission (SEC) to operate 24X National Exchange, becoming the first national securities exchange in the United States to allow 23 hours of trading every day from Monday to Friday.
24X will be launched in two phases, the first phase will be open in the second half of 2025, and trading hours will be from 4 am to 7 pm Eastern Time. After upgrading the public data feed broadcasting US stock prices to enable it to operate 24/7, 24X will be allowed to add night trading from 8 pm Sunday to 7 pm Friday, with a one-hour pause between 7 and 8 pm to accommodate routine software upgrades and functional testing.
24X CEO and founder Dmitri Galinov said: "Traders are most at risk when the market is closed in their region. We will alleviate this problem by facilitating 24/7 trading." (Jinshi)