New Stock Exchange Aiming for 23-Hour Trading Launches in 2025

A new stock exchange, 24X National Exchange, is set to launch in 2025, offering nearly 23-hour trading on weekdays. The exchange will operate from 4:00 a.m. ET to 7:00 p.m. ET, with the potential to extend trading hours to 8:00 p.m. ET on Sundays. The move aims to alleviate the risk faced by traders when the market is closed in their location, particularly in the Asia Pacific region. The exchange will focus on capturing the demand for overnight liquidity in US equities.

The financial world is abuzz with the upcoming launch of the 24X National Exchange (24X), a groundbreaking stock exchange slated to debut in the second half of 2025 [1]. This innovative platform aims to offer nearly 23-hour trading on weekdays, marking a significant departure from the traditional 9:30 a.m. to 4:00 p.m. ET trading hours [1].

The 24X National Exchange, headquartered in Stamford, Connecticut, will operate from 4:00 a.m. ET to 7:00 p.m. ET on weekdays, with the potential to extend trading hours to 8:00 p.m. ET on Sundays [1]. This extended trading schedule is designed to cater to the needs of traders in various time zones, particularly those in the Asia Pacific region, who often face the risk of market closures in their location [1].

The idea of a 24/7 stock exchange is not entirely new. Certain brokerage firms, such as Robinhood Markets and Interactive Brokers, already offer extended trading hours on specific securities to their clients [1]. Additionally, the rise of cryptocurrencies, which trade continuously around the world without closing for weekends or holidays, has fueled the demand for extended trading hours [1].

The 24X National Exchange's focus on capturing the demand for overnight liquidity in US equities is particularly noteworthy. With the increasing globalization of financial markets, there is a growing need for around-the-clock access to US equities [2]. The exchange's extended trading hours aim to address this need and provide traders with the flexibility to manage their portfolios more effectively.

The 24X National Exchange's registration as a National Exchange is currently under review by the Securities and Exchange Commission (SEC) [2]. Once approved, the exchange will join a select group of national stock exchanges in the US, including the New York Stock Exchange (NYSE) and Nasdaq.

In conclusion, the launch of the 24X National Exchange represents a significant milestone in the evolution of the stock exchange industry. With its nearly 24-hour trading schedule, the exchange is poised to revolutionize the way traders access and manage US equities, particularly those in the Asia Pacific region.

References:

[1] NBC New York. (2023, June 6). New stock exchange aiming to offer 23-hour trading set to launch in 2025. https://www.nbcnewyork.com/news/business/money-report/new-stock-exchange-aiming-to-offer-23-hour-trading-set-to-launch-in-2025/6026601/

[2] Federal Register. (2024, June 6). In the matter of the application of 24X National Exchange LLC for registration as a national. https://www.federalregister.gov/documents/2024/06/06/2024-12377/in-the-matter-of-the-application-of-24x-national-exchange-llc-for-registration-as-a-national