The 24X National Exchange, an upcoming nearly round-the-clock trading platform, has pushed back its launch date to October 14, 2025. Initially set for September 29, the postponement is aimed at facilitating regulatory approvals and onboarding crucial broker-dealer member institutions, ensuring a more liquid and robust trading environment at launch.
In a recent statement, the exchange representatives highlighted that extending the timeline would be beneficial as it allows additional broker-dealers to initiate their membership process, meaning more active participation from significant market players is expected upon launch.
Once operational, the 24X National Exchange will provide live trading for U.S. equities from 4:00 a.m. to 8:00 p.m. Eastern Time on weekdays. This unique trading schedule aims to enhance accessibility for both retail and institutional investors across the globe.
The exchange operates under the umbrella of 24 Exchange, a privately held entity with two key subsidiaries: 24X Bermuda Limited, which specializes in efficient currency exposure trading, and 24X National Exchange LLC, recognized as the first national securities exchange sanctioned by the SEC to function almost 24 hours a day during the workweek. The mission of the company is centered on facilitating cost-effective trading across various asset classes, ultimately lowering expenses associated with asset exchange on a global scale and offering tailored workflows suited to individual asset types.
With the improved hours of operation, the exchange is poised to cater to the evolving needs of the marketplace, targeting both new and seasoned investors who may benefit from extended trading hours. The anticipated launch aligns with ongoing trends in financial markets that prioritize accessibility and flexibility for users.