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24 Exchange has announced that its groundbreaking 24X National Exchange will begin operations on 29 September 2025, marking the launch of the first US national securities exchange approved by the Securities and Exchange Commission (SEC) to offer 23-hour weekday trading of American equities.
The Connecticut-based firm, which secured regulatory approval last November, will initially offer trading from 4:00 a.m. to 8:00 p.m. ET on weekdays. The exchange aims to provide both institutional and retail investors worldwide with access to US equities trading across nearly the entire day, five days a week, operating under full SEC regulatory oversight with standard investor protections.
Trading technology pioneer Dmitri Galinov, CEO and Founder of 24X National Exchange, said: "We're proud to lead the next chapter in exchange evolution as we bring extended hours trading to retail traders around the world. With this first stage launch, we're one big step closer to making 23-hour weekday trading a reality for U.S. equities worldwide. 24X National Exchange will enable unprecedented access, flexibility, and speed for market participants in every global location whenever they want to trade."
The exchange's initial focus will be on meeting growing demand for overnight trading in US equities among tech-savvy retail investors throughout the Asia-Pacific region, addressing a currently underserved market segment.
Galinov, who previously founded FastMatch - now Euronext FX - and held senior roles at Direct Edge, has been developing this venture as part of 24 Exchange's broader expansion strategy. The firm has built its reputation in the institutional foreign exchange market through its Bermuda-based operation, recently launching trading of foreign exchange non-deliverable swaps in May 2025.
The SEC approval granted in November 2024 allows 24X National Exchange to operate 23/5 trading hours, subject to implementation of necessary modifications to Equity Data Plans and a subsequent rule filing confirming compliance with the Securities Exchange Act. Once these conditions are met and pending final approvals, the exchange plans to transition to operating from 8:00 p.m. ET on Sunday through 8:00 p.m. ET on Friday, with a one-hour daily operational pause for software maintenance and testing.
"The initial launch of 24X National Exchange is the culmination of years of innovation, regulatory engagement, and commitment to global market access," Galinov added. "Setting the launch date for our new Exchange is a defining moment – not just for our company, but for the future of U.S. equity trading."
The exchange is built on technology infrastructure powered by MEMX Technologies, which the company says will ensure a seamless, resilient, and cost-effective trading experience. Like NYSE and NASDAQ, 24X National Exchange will observe US market holidays.
24 Exchange is a privately held company with two primary operating subsidiaries: 24X Bermuda Limited, which facilitates currency exposure exchanges, and 24X National Exchange LLC. The company aims to enable cost-effective trades across a growing range of asset classes around the clock, having previously expanded into FX products and other instruments.
The launch date for the exchange's second stage, which would extend trading hours to nearly 24 hours per weekday, will be announced at a later date.
