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New stock exchange plans to launch in 2025 with goal of providing 23-hour trading opportunities


A new stock exchange called 24X National Exchange is set to launch in the second half of 2025, pending final regulatory approvals. Based in Stamford, Connecticut, the exchange aims to offer nearly round-the-clock trading on business days, from 4:00 a.m. ET to 7:00 p.m. ET with potential for expansion to 8:00 p.m. ET on Sunday through 7:00 p.m. ET on Friday. This extended trading window is in response to the increasing demand for around-the-clock trading opportunities, driven by the growing popularity of cryptocurrency trading that operates continuously without closing. 24X National Exchange plans to address the risk traders face when the market is closed in their geographic location by providing U.S. equities trading opportunities throughout the day and night. CEO and Founder Dmitri Galinov highlighted the exchange’s goal of facilitating around-the-clock trading for broker-dealers and their institutional and retail customers to meet the needs of the global market. Initially, the focus of 24X National Exchange will be on capturing the demand in the Asia Pacific region for overnight liquidity in U.S. equities. This move towards extended trading hours reflects a broader trend in the industry, with some brokerage firms already offering extended trading options for certain securities to their clients.

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www.nbcnews.com

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