24 Exchange said late Wednesday that, subject to final regulatory permissions, a new stock exchange that will operate next year is expected to provide almost 24-hour trading on business days.
According to the Stamford, Connecticut-based platform, the 24X National Exchange will launch in the second half of 2025 and trade weekdays from 4:00 a.m. ET to 7:00 p.m. ET. After the exchange gets past a few last-minute obstacles with the U.S. Securities and Exchange Commission, that can be extended to 8:00 p.m. ET on Sunday through 7:00 p.m. ET on Friday, with a one-hour respite each day.
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The introduction of 24X is a component of a larger movement to extend the trading window for stocks. Some brokerage businesses currently provide their consumers with extended trading on specific assets, such as Interactive Brokers and Robinhood Markets. The rise of cryptocurrencies, which trade continuously worldwide and never close on weekends or holidays, has corresponded with the trend.
Dmitri Galinov, the founder and CEO of 24 Exchange, stated in a press release that traders are most vulnerable when the market is closed in their area. By enabling 24-hour U.S. stock trading for broker-dealers and their institutional and retail clients, 24X National Exchange hopes to mitigate this issue.
According to 24X, the exchange would first concentrate on meeting the growing need for overnight liquidity in U.S. stocks in the [Asia Pacific] area.
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