24 Exchange SEC Approval: Entering US Markets
24 Exchange has entered the United States after receiving approval from the Securities and Exchange Commission (SEC) to operate a securities exchange in the country. The newly approved platform, named 24X National Exchange, will enable trading of US securities for 23 hours each workday, supporting extended trading hours.
Founded in 2019, 24 Exchange is known for its multi-asset trading platform, offering FX NDFs, swaps, and spot trading to institutional clients. Based in Bermuda, the company has established the new US-based platform as one of its affiliates.
CEO and founder Dmitri Galinov highlighted the importance of addressing the risks traders face when the market is closed in their geographic location. The goal of 24X National Exchange is to facilitate around-the-clock US equities trading for broker-dealers and their institutional and retail customers.
The first stage of the US exchange launch is set for the second half of 2025. During this stage, trading operations will run from 4:00 AM ET to 7:00 PM ET on weekdays. The second stage, kicking off once all remaining conditions are met, will allow trading from 8:00 PM ET on Sunday through 7:00 PM ET on Friday.
To ensure operational efficiency, the exchange will have a one-hour daily operational pause for routine software updates and functionality testing. The platform will run on technology provided by MEMX Technologies.
With this historic SEC approval, 24 Exchange aims to build and operate a customer-driven exchange that can quickly adapt to market demands and client feedback. The company looks forward to providing a superior trading experience to global customers, starting with focus on the Asia Pacific region’s demand for overnight liquidity in US equities.
