24X receives SEC approval

24Exchange, a startup backed by Point72 Ventures Fund, recently received approval from the U.S. Securities and Exchange Commission (SEC) to launch 24X National Exchange. This will make 24X the first national stock exchange in the United States to provide trading 23 hours a day on weekdays, filling the gap in trading hours in the U.S. market.

The launch of the exchange is divided into two stages

24X National Exchange operations will be launched in two phases, further expanding the flexibility of transaction hours:

• the first phase：从 2025 年下半年开始，24X 将提供东部时间每周一至周五，从凌晨 4:00 至晚上 7:00 的交易时间，覆盖几乎所有主要市场交易时段。
• the second phase：待满足相关条件后，交易时间将延长至每周日晚上 8:00 至周五晚上 7:00，并在每天的交易中，安排一小时的系统升级与测试时间。

Catering to needs in the Asia-Pacific region

24X National Exchange is designed to meet growing demand from the Asia-Pacific region, especially over overnight liquidity issues in the U.S. stock market. Due to the time difference between the Asia-Pacific market and the U.S. market, it is difficult for investors in these regions to fully participate in trading in the U.S. stock market during the existing trading hours. The launch of 24X will significantly extend trading hours, provide more efficient and competitive trading opportunities, and further enhance liquidity in the U.S. stock market.

Cross-market expansion and innovation platform

In addition to the launch of its 24X National Exchange, 24Exchange also plans to continue to provide foreign exchange NDFs (non-deliverable forward contracts), swaps and spot trading to institutional customers through its subsidiary 24X Bermuda Limited. Since 2019, 24 Exchange's multi-asset platform has increased liquidity in global markets and helped reduce the cost of trading across asset classes.

Innovation-driven global trading platform

24 Exchange is committed to promoting trading innovation in global capital markets. The platform supports workflows tailored to each asset class, enables up to 24 hours of efficient trading, and optimizes cross-market trading efficiency for various financial instruments. With the launch of 24X, this concept will be further expanded to increase market participation among global investors.