24 Exchange Receives SEC Approval For Extended Trading Hours

According to Odaily, 24 Exchange, a startup backed by Point72 Ventures, has received approval from the U.S. Securities and Exchange Commission (SEC) to operate the 24X National Exchange. This makes it the first national securities exchange in the United States to allow trading for 23 hours a day from Monday to Friday. The launch of 24X will occur in two phases, with the initial phase set to begin in the second half of 2025. During this phase, trading hours will be from 4 a.m. to 7 p.m. Eastern Time. Once the public data feed for broadcasting U.S. stock prices is upgraded to support continuous operation, 24X will be permitted to extend its trading hours to include nighttime sessions. These sessions will run from 8 p.m. on Sunday to 7 p.m. on Friday, with a one-hour pause from 7 p.m. to 8 p.m. to accommodate routine software upgrades and functionality tests. Dmitri Galinov, CEO and founder of 24X, stated, "Traders face the greatest risk when markets in their regions are closed. We aim to mitigate this issue by facilitating around-the-clock trading."