24X National Exchange will soon let you trade US stocks for 23 hours per weekday.
The trading platform expects to go live in the back half of 2025. It is currently awaiting final approvals from the Securities & Exchange Commission.
“Traders are most at-risk when the market is closed in their geographic location,” as per Dmitri Galinov – the chief executive of 24X National Exchange.
We wish to fix this problem by “facilitating around-the-clock US equities trading for broker-dealers and their institutional and retail customers,” he added in a press release on Friday.
Why isn’t 24X aiming for 24 hours a day trading?
The push for round-the-clock trading has garnered support in recent years in a bid to make equities as attractive as cryptocurrencies that never stop trading even on the weekends or holidays.
Brokerage firms like Interactive Brokers and Robinhood Markets already allow their clients to trade select securities for extended hours.
But 24X National Exchange now plans on taking a step further, enabling 23 hours a day of trading, pausing only for one hour per day for software upgrades and functionality testing.
“We will deliver the cost efficiency, speed, resilience, and adaptability that the company’s financial institutional customers have long come to expect,” according to CEO Dmitri Galinov.
24X Exchange to offer a superior trading experience
On Friday, 24X National Exchange also confirmed that it will first commit to capturing the “expanding demand in the [Asia Pacific] region for overnight liquidity in US equities.”
Similar to the NYSE and Nasdaq, the new exchange will remain closed on US market holidays.
All in all, 24X Exchange will deliver a superior trading experience to global customers via continuous tech innovations and improvements, as per its press release today.
24X National Exchange was launched in 2019. Over the past five years, it has enabled clients to enjoy increased liquidity and lower cost across multiple assets via a single trading interface.
Why is there demand for round-the-clock trading?
Extended trading hours are sought after as market-influencing events can occur anytime.
Longer trading hours allow investors to react to news in real time. This leads to more efficient price discovery and reduces the likelihood of large gaps between closing and opening prices.
Round-the-clock trading is also attractive because it can help lower volatility by spreading volume over more hours.
Institutional investors particularly appreciate extended trading hours as they must gradually execute large orders.
Longer trading hours bring more traders to the financial markets as well as those with busy schedules can then choose to trade outside of regular hours.
They also make it easier for traders in different time zones to participate in the market.
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