IEX vs MEMX: Debate over New Exchange’s Approved Infrastructure Model
On November 27, the US Securities and Exchange Commission approved 24X National Exchange’s application to launch as an around-the-clock US equities exchange—the first of its kind to receive this green light from the regulator. This means they’ll be open for business 23 hours a day, Sunday through Friday, catering to both global retail and institutional investors.
24X submitted its application back in February, proposing to operate 23 hours a day, seven days a week. Following the submission, a flood of comments and discussions echoed throughout the financial industry.
As more exchanges explore running their venues round-the-clock, questions have arisen around the tech infrastructure providers supporting these operations. It’s a conversation worth paying attention to as the landscape of trading continues to evolve.
Stay tuned for more updates as 24X National Exchange gears up to make waves in the market world with its groundbreaking operating model.
