Launch of new stock exchange with 23-hour trading scheduled for 2025

A new stock exchange called 24X National Exchange, set to launch in the second half of 2025 pending final regulatory approvals, will offer nearly round-the-clock trading on weekdays from 4:00 a.m. ET to 7:00 p.m. ET, with the potential to expand trading hours further. This move towards extended trading hours reflects a broader trend in the industry, with some brokerage firms already offering extended trading hours on select securities. The rise of cryptocurrencies, which trade continuously across the globe, has influenced this shift towards longer trading hours in traditional stock markets. 24 Exchange CEO Dmitri Galinov noted that traders are most at risk when the market is closed in their geographic location, and the new exchange aims to provide around-the-clock trading in U.S. equities to address this issue for broker-dealers and their institutional and retail clients. Initially, the focus of 24X National Exchange will be on meeting the growing demand in the Asia Pacific region for overnight liquidity in U.S. equities. This development highlights the ongoing evolution of the financial markets to accommodate changing needs and preferences of market participants.

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