In a groundbreaking development for the financial sector, the 24X National Exchange has officially launched, providing unprecedented trading hours for U.S. equities. Approved by the U.S. Securities and Exchange Commission (SEC), the exchange offers trading from 4:00 a.m. to 8:00 p.m. ET on weekdays, marking it as the first national securities exchange to provide 23-hour trading under full regulatory oversight.
This innovative platform responds to the increasing demand for extended trading hours from global investors, particularly those in Asia and other regions where the traditional U.S. trading hours are less accessible due to time zone differences. By extending trading opportunities into early morning and evening slots, the 24X National Exchange enhances flexibility for traders, boosts liquidity, and allows quicker reactions to global economic developments and corporate news.
Operating as a fully regulated entity under SEC guidelines, the exchange promises the same level of investor protections and market integrity benchmarks as other licensed national exchanges. Technological advancements underlie its operations, powered by MEMX Technologies, which ensure a reliable and cost-effective trading experience. The Unlisted Trading Privileges (UTP) data feed exchange code for 24X is ‘G.’
Dmitri Galinov, CEO and Founder of 24X National Exchange, emphasized the significance of this launch, stating it reflects the evolving landscape of U.S. equity markets transitioning towards more flexible trading schedules. He expressed optimism about increasing market access, transparency, and alignment with global economic trends, all while aiming to minimize trading costs.
The exchange received SEC approval for its operational framework in November 2024, which includes plans for 23/5 trading hours set to commence in the second half of 2026. This phase of operation will extend from 8:00 p.m. ET on Sunday to 8:00 p.m. ET on Friday, incorporating a one-hour pause each day for maintenance.
“This launch is transformative for global traders seeking better access to U.S. equity markets,” Galinov remarked. “After extensive regulatory collaboration and innovation, we are thrilled to fulfill our pledge of offering round-the-clock trading.”
24X Bermuda Holdings LLC, the parent company of the exchange, operates with the aim of facilitating cost-effective trades across various asset classes. It is designed to lower costs associated with trading in global markets while delivering tailored workflows to cater to diverse financial instruments.
With its innovative approach, 24X National Exchange is positioned to serve both retail and institutional investors worldwide, making it easier for them to engage with U.S. equities through approved broker-dealers. For further information, interested parties can visit the exchange’s official website.
