24X National Exchange approved for 23-hour trading, with one-hour break daily.

Sharing is Caring!

The 24X National Exchange has received approval from the SEC to operate a 23-hour trading session, five days a week. This is a significant development, as it aims to provide more flexibility for investors by allowing trading from 4:00 AM to 7:00 PM ET initially, with plans to expand to overnight trading once certain conditions are met.

However, groups like Better Markets have raised concerns that this extended trading could harm retail investors. They argue that trading during overnight sessions may lead to lower liquidity, higher volatility, and less favorable prices for retail investors.



Sources:
https://www.bloomberg.com/news/articles/2024-11-27/startup-24x-national-exchange-wins-sec-approval-for-23-hour-trading

https://www.sec.gov/news/press-release/2024-272

https://www.reuters.com/markets/us-sec-approves-24x-national-exchange-23-hour-trading-2024-11-27/

https://www.bettermarkets.org/newsroom/better-markets-opposes-approval-of-24x-national-exchange/


Views: 124