SEC Approves First U.S. Stock Exchange With 23-Hour Trading
The 24X National Exchange, backed by Point72 Ventures, plans to launch in 2025 with extended trading hours to address global market demands.
- The SEC has approved the 24X National Exchange to operate nearly continuously, allowing trading 23 hours a day, five days a week, starting in the second half of 2025.
- Initial trading hours will run from 4 a.m. to 7 p.m. ET, with plans to expand to overnight trading from Sunday evening to Friday evening, pending additional regulatory benchmarks.
- The exchange aims to provide broader access for both institutional and retail investors, particularly addressing demand for overnight liquidity in the Asia-Pacific region.
- Proponents argue that extended hours will enable faster reactions to global events, but critics warn of potential risks like lower liquidity and unfavorable pricing during off-peak times.
- This development aligns with a growing trend in U.S. markets, as other platforms, including Robinhood and NYSE, explore or expand extended trading windows.