24X National Exchange is soon to allow you to trade US stocks 23 hours a week.
The trading platform is expected to go live at the end of 2025. The Securities & Exchange Commission has yet to give final approvals.
Dmitri Galainov, the chief executive officer of 24X National Exchange, said that traders are at risk when the market is closed near their geographical location.
In a Friday press release, he said that he wanted to “facilitate around-the clock US equity trading for broker-dealers, their institutional and retail clients.”
Why does 24X not aim to offer 24 hour trading?
In recent years, the push for round-the clock trading has gained support in an attempt to make equities just as attractive as cryptocurrencies which never stop trading on weekends or holidays.
Brokerage firms such as Interactive Brokers and Robinhood Markets allow their clients to trade certain securities at extended hours.
24X National Exchange plans to go one step further and offer 23 hours of trading per day, with only an hour per day paused for software upgrades or functionality testing.
Dmitri Galanov, CEO of the company, said: “We will deliver cost efficiency, resilience, and adaptation that our financial institution customers have come to expect.”
24X Exchange offers a superior trading environment
24X National Exchange confirmed on Friday that it would first commit to capture the “expanding [Asia Pacific] demand for overnight liquidity of US equities.”
The new exchange, like the NYSE and Nasdaq will be closed on US holidays.
According to its press release, 24X Exchange will provide a superior trading environment for global customers through continuous tech innovation and improvements.
24X National Exchange launched in 2019. In the last five years, clients have been able to benefit from increased liquidity and lower costs across multiple assets through a single trading interface.
Why is there a demand for round the clock trading?
Extended trading hours is sought as market-influencing events may occur at any time.
Investors can react to breaking news in real-time with longer trading hours. This results in a more efficient price discovery, and reduces the likelihood that there will be large gaps between opening and closing prices.
Round-the-clock trading can also help reduce volatility by spreading the volume over more hours.
The extended trading hours are especially appreciated by institutional investors, who must execute large orders in stages.
The longer trading hours will bring more traders into the financial markets. Those with busy schedules may also choose to trade outside regular hours.
Also, they make it easier for traders from different time zones to take part in the market.
This post You might be able trade US stocks 23 hours per day in 2025 could be modified as new information becomes available
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