[zz] SEC approves the 24X National Exchange
Seeking Alpha
Nov. 28, 2024 5:01 AM
By: Yoel Minkoff, SA News Editor
The 24X National Exchange, started by hedge-fund billionaire Steve Cohen, has the potential to shake up market dynamics, with many brokers already switching to extended trading and nonstop trading of select stocks. The newly approved exchange would operate 23 hours daily (including a break from 7 PM to 8 PM), and five full days a week (from Sunday evening to Friday evening).
"The SEC's approval of our new exchange is a thrilling development that the 24X Team has been working toward for many years," CEO Dmitri Galinov said in a statement. "We look forward to bringing a superior trading experience to global customers." The exchange intends to launch in stages, starting in the second half of 2025.