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IPC Systems has announced a partnership with 24X National Exchange, the first U.S. national securities exchange to receive approval from the Securities and Exchange Commission (SEC) to offer overnight weekday trading in U.S. equities, to distribute 24X market data across IPC's global financial network.
Under the agreement, IPC will provide access to 24X market data via its low-latency global network, enabling market participants to engage in 23/5 U.S. equities trading. The arrangement is directed in part at firms operating across Asia-Pacific markets, where demand for overnight access to U.S. equities has been increasing.
IPC's presence in key financial centres including Hong Kong, Singapore, Tokyo, Taiwan, and Sydney will support real-time distribution of 24X market data across those regions. The partnership additionally covers onboarding and operational capabilities, with firms able to use IPC's global financial community and technology infrastructure to coordinate across teams and validate workflows in a production-grade environment.
Paul Zatek, Head of Global Data Sales, IPC Systems
Paul Zatek, Head of Global Data Sales, IPC Systems commented:
"As U.S. equities trading extends beyond traditional market hours, reliable market data and connectivity are more important than ever for global firms. By partnering with 24X, we're enabling firms to connect with confidence and leverage IPC's global ecosystem to support performance, resilience, and readiness from day one."
Dmitri Galinov, CEO and Founder, 24X National Exchange
Dmitri Galinov, CEO and Founder, 24X National Exchange said:
"24X is delivering a higher level of regulation, stability and transparency for global traders in U.S. equities. Working with IPC gives participants in the Asia Pacific region a trusted and scalable path to access our SEC-regulated exchange using proven infrastructure to fulfill their overnight trading needs."
24X National Exchange is a U.S. national securities exchange regulated under SEC oversight, designed to address growing demand for overnight trading in U.S. equities. Through the partnership, IPC will distribute 24X market data globally, with the stated aim of improving access to liquidity and supporting firms as market structure continues to develop.
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