24 Exchange, the multi-asset trading platform designed to facilitate continuous trading across various asset classes, has received approval from the U.S. Securities and Exchange Commission (SEC) to operate 24X National Exchange, the first U.S. national securities exchange offering 23-hour trading on weekdays. This milestone is contingent on adjustments to Equity Data Plans to support overnight trading and a follow-up rule filing by the Exchange to confirm compliance with the Securities Exchange Act.
Once operational, 24X National Exchange will enable both retail and institutional investors worldwide to trade U.S. equities through approved broker-dealers. The platform will operate under the SEC’s regulatory oversight and provide the full spectrum of investor protections.
The rollout will occur in two stages. The initial phase, planned for the second half of 2025, will offer trading from 4:00AM ET to 7:00PM ET on weekdays. In the second phase, pending regulatory conditions, the Exchange will expand to nearly continuous trading, operating from 8:00PM ET on Sunday through 7:00PM ET on Friday, with a one-hour daily pause for system updates.
24 Exchange CEO and Founder Dmitri Galinov commented: “The SEC’s approval of our new exchange is a thrilling development that the 24X Team has been working toward for many years. Traders are most at-risk when the market is closed in their geographic location. 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.”
This extended trading capability aims to meet growing demand for overnight liquidity in U.S. equities, particularly from the Asia-Pacific (APAC) region. The Exchange will rely on MEMX Technologies’ advanced trading platform to deliver high performance and reliability.
“With this historic SEC approval in place, we will build and operate a customer-driven Exchange that can rapidly align with market demands and adapt quickly to client feedback,” added Galinov. “We look forward to bringing a superior trading experience to global customers. 24X National Exchange will deliver the cost efficiency, speed, resilience, and adaptability that the company’s financial institutional customers have long come to expect.”
While introducing extended trading hours, the Exchange will observe U.S. market holidays in line with existing schedules maintained by the NYSE and Nasdaq.
Through its affiliate 24X Bermuda Limited, 24 Exchange will continue offering foreign exchange products, including FX NDFs, swaps, and spot trading, to institutional clients.
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