New Stock Exchange with 23-Hour Trading to Launch in 2025
24 Exchange, a new stock exchange, recently announced that it is set to launch in 2025. This exciting development could potentially offer 23-hour trading days, pending final regulatory approval.
The 24X National Exchange is scheduled to debut in the second half of 2025, with trading hours from 4:00 a.m. ET to 7:00 p.m. ET on weekdays. The platform, based in Stamford, Connecticut, mentioned that this timeframe could eventually expand to 8:00 p.m. ET on Sunday through 7:00 p.m. ET on Friday, with a one-hour break each day, pending final clearance from the U.S. Securities and Exchange Commission.
This move towards longer trading hours aligns with a broader trend in the industry. Some brokerage firms, such as Robinhood Markets and Interactive Brokers, already offer extended trading hours on certain securities to their clients. This trend seems to coincide with the growing popularity of cryptocurrencies, which trade 24/7 across the globe.
Dmitri Galinov, CEO, and Founder of 24 Exchange highlighted the importance of providing continuous trading opportunities, stating, “Traders are most at-risk when the market is closed in their geographic location.” Galinov emphasized that the 24X National Exchange aims to address this issue by enabling around-the-clock U.S. equities trading for broker-dealers and their institutional and retail customers.
Initially, the exchange will target meeting the increasing demand in the Asia Pacific region for overnight liquidity in U.S. equities. This strategic approach aims to capitalize on the expanding interest in this market segment.
In conclusion, the 24X National Exchange’s upcoming launch and potential 23-hour trading days mark an exciting development in the finance industry, offering traders extended opportunities to engage in stock trading. Make sure to stay updated with the latest financial insights and trends as we move towards this new era of trading.
