New Stock Exchange Set to Launch in 2025 with 23-Hour Trading
A new stock exchange is set to launch in 2025 with an exciting twist—it aims to offer nearly around-the-clock trading on weekdays pending final regulatory approvals. The 24X National Exchange, based in Stamford, Connecticut, plans to operate from 4:00 a.m. ET to 7:00 p.m. ET, with potential to extend trading hours to 8:00 p.m. ET on Sunday through 7:00 p.m. ET on Friday, after overcoming final hurdles with the U.S. Securities and Exchange Commission.
This move towards extended trading hours is part of a broader trend in the industry, with platforms like Robinhood Markets and Interactive Brokers already offering extended trading on certain securities. The rise of cryptocurrencies, which trade constantly without closures for weekends or holidays, has also contributed to this shift.
CEO and Founder of 24 Exchange, Dmitri Galinov, highlighted the importance of continuous trading, stating that traders are most vulnerable when the market is closed in their region. The 24X National Exchange aims to address this issue by providing around-the-clock U.S. equities trading for broker-dealers and their institutional and retail clients.
Initially, the focus of the exchange will be on meeting the growing demand in the Asia Pacific region for overnight liquidity in U.S. equities. This move is a response to the evolving needs of traders in a global market environment.
As the financial industry continues to evolve, 24 Exchange is paving the way for a new era of accessible and extended trading opportunities for investors worldwide. Stay tuned for more updates on this exciting development in the coming months.
