SEC Approves First 24/7 Stock Exchange – Investment Opportunities
US regulators recently approved plans for an around-the-clock stock exchange, aiming to cater to the increasing interest in the New York stock market. The Securities and Exchange Commission (SEC) has granted 24 Exchange the green light to facilitate trading of US securities for 23 hours each workday. This move comes as a result of the growing demand for extended trading hours by retail and institutional investors worldwide.
According to 24 Exchange, a new player in the market supported by Steve Cohen’s Point72 Ventures fund, their platform will allow customers globally to engage in US equities trading through approved broker-dealers who are members of the 24X National Exchange. This innovative approach opens up opportunities for investors to participate in trading activities outside of standard market hours.
In recent years, the trend towards after-hours trading has been on the rise, with brokerage firms like Interactive Brokers offering this service to meet the evolving needs of investors seeking more flexibility and accessibility in their trading activities. This move towards a 23-hour trading schedule reflects the evolving landscape of the financial industry and highlights the importance of adapting to meet the changing needs of market participants.
