New Stock Exchange with 23-Hour Trading Set to Launch in 2025
A new stock exchange is in the works and is set to launch in 2025, offering nearly round-the-clock trading during the week. If all goes well with regulatory approvals, 24 Exchange plans to introduce the 24X National Exchange in the latter half of 2025. Traders will be able to engage in trading from 4:00 a.m. ET to 7:00 p.m. ET on weekdays, with the potential for extended trading hours from Sunday at 8:00 p.m. ET to Friday at 7:00 p.m. ET, taking a one-hour break each day.
This move signifies a larger trend towards expanded trading periods within the stock market. Some brokerage firms like Robinhood Markets and Interactive Brokers have already started offering extended trading hours on specific securities to their customers. The rise of cryptocurrencies, which trade continuously without weekends or holidays, has also influenced this trend.
According to Dmitri Galinov, the CEO and Founder of 24 Exchange, traders are often in a vulnerable position when the markets are closed in their geographical area. The 24X National Exchange aims to address this by enabling around-the-clock trading of U.S. equities for broker-dealers and their institutional and retail clients. Initially, the exchange will focus on meeting the growing demand in the Asia Pacific region for overnight liquidity in U.S. equities.
