-0.6 C
New York
Saturday, December 14, 2024
pCloud Premium

New stock exchange aiming to offer 23-hour trading set to launch in 2025



241129 new york stock exchange traders ac 138p 5a71a6

A new stock exchange launching next year is on track to offer nearly round-the-clock trading on business days, pending final regulatory approvals, 24 Exchange announced late Wednesday.

The 24X National Exchange will debut in the second half of 2025, with trading from 4:00 a.m. ET to 7:00 p.m. ET on weekdays, the Stamford, Connecticut-based platform said. That can be expanded to 8:00 p.m. ET on Sunday through 7:00 p.m. ET on Friday, with a one-hour pause each day, once the exchange clears some final hurdles with the U.S. Securities and Exchange Commission.

The arrival of 24X is part of a broader push toward a wider window of time for stock trading. Certain brokerage firms, including Robinhood Markets and Interactive Brokers, already offer extended trading on certain securities to their clients. The trend has coincided with the rise of cryptocurrencies, which trade constantly across the world, never closing for weekends or holidays.

“Traders are most at-risk when the market is closed in their geographic location,” 24 Exchange CEO and Founder Dmitri Galinov said in a press release. “24X National Exchange will seek to alleviate this problem by facilitating around-the-clock U.S. equities trading for broker-dealers and their institutional and retail customers.”

At first, the exchange will “focus on capturing the expanding demand in the [Asia Pacific] region for overnight liquidity in U.S. equities,” 24X said.



Source link

Odisha Expo
Odisha Expohttps://www.odishaexpo.com
Odisha Expo is one of the Largest News Aggregator of Odisha, Stay Updated about the latest news with Odisha Expo from around the world. Stay hooked for more updates.

Related Articles

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
Best Lifetime Deals on SaaSspot_img

Latest Articles

Obesity dipped in U.S. adults last year for first time in a decade

0
The SummaryObesity dipped slightly in U.S. adults last year for the first time in more than a decade, a study found.The researchers suggested...

Twitter reacts to rampage Rajat eclipse Delhi as MP storm into Mushtaq Ali finals

0
Eyeing the final’s spot, Madhya Pradesh won the toss and elected to field first. The new ball bowlers kept the opposition openers under...

Woman who accused Duke lacrosse players of rape in 2006 now admits she lied

0
The exotic dancer who once accused three Duke University lacrosse of raping her admitted this week that she invented the 2006 allegations that...

Ben White: England manager Thomas Tuchel will ‘reach out’ to Arsenal defender

0
England manager Thomas Tuchel says he will "reach out" to Arsenal defender Ben White about the possibility of returning to the national team.White...

New information discovered in search for American missing in Syria

0
DAMASCUS, Syria — Cockroaches crawled out of the walls near a dirty, stained sink in the Syrian prison cell where an ex-prisoner told...