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 groundbreaking initiative positions it as the first national securities exchange in the United States that enables trading for 23 hours a day from Monday to Friday.
The launch of 24X will unfold in two distinct phases, with the initial phase scheduled to commence in the latter half of 2025. In this first 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 undergoes an upgrade to support continuous operation, 24X will be allowed to extend its trading hours to include nighttime sessions.
These sessions are set to operate from 8 p.m. on Sunday until 7 p.m. on Friday, featuring a one-hour pause from 7 p.m. to 8 p.m. to facilitate regular software upgrades and functionality tests. Dmitri Galinov, CEO and founder of 24X, expressed, "Traders face the greatest risk when markets in their regions are closed.
We aim to mitigate this issue by facilitating around-the-clock trading.".