A new stock exchange called 24X National Exchange is set to launch in the second half of 2025, pending final regulatory approvals. The exchange, based in Stamford, Connecticut, plans to offer nearly round-the-clock trading on weekdays, with hours from 4:00 a.m. ET to 7:00 p.m. ET. This can potentially be expanded to 8:00 p.m. ET on Sunday through 7:00 p.m. ET on Friday, with a one-hour break each day. The exchange aims to address the growing demand for extended trading hours, particularly in the Asia Pacific region, where traders are at risk when the US market is closed. This move towards longer trading hours is in line with the trend seen in certain brokerage firms like Robinhood Markets and Interactive Brokers, which already offer extended trading on select securities. The rise of cryptocurrencies, which trade continuously, has also contributed to the push for expanded trading hours. 24 Exchange CEO Dmitri Galinov believes that the 24X National Exchange will provide a solution to the problem of limited trading hours for US equities, benefiting both broker-dealers and their institutional and retail customers. The exchange is currently working on finalizing approvals with the US Securities and Exchange Commission to make this vision a reality.
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