Venue operator 24 Exchange has gone live, set to offer 23-hour weekday US equities trading for both institutional and retail investors.
Dmitri Galinov
In a social media announcement, Jason Woerz, president and chief operating officer of 24 Exchange, confirmed that the 24X National Exchange is officially up and running, and in its first phase – the live trading of US equities from 4am to 8pm ET on weekdays.
The firm has previously said that the launch will allow institutional and retail investors across the world to trade US equities via participating broker-dealers 23/5, with an initial focus on addressed the increasing demand for overnight US equity trading from APAC retail clients.
“We’re one major step closer to making 23-hour weekday trading a reality for US equities worldwide,” said Dmitri Galinov, founder and chief executive of 24 Exchange, speaking in the official announcement.
The offering provides access for investors worldwide via broker-dealers which are members of the SEC-listed exchange.
Read more: SEC approves first round-the-clock exchange
Speaking to The TRADE back in June 2025, Galinov explained that the plan came together for an around-the-clock equities trading platform due to emerging market’s interesting in investing in American companies.
“At the time, the New York Stock Exchange or NASDAQ didn’t really have any plan to address after hours trading, so that was the gap. Even though crypto and foreign exchange trade 24 hours, the exchanges didn’t seem to offer a service in the same vein, so that’s when we said okay there is definitely a need for foreign investors to access US markets in real time, let’s make it happen.
“We began by doing research into the percentage ownership of foreign investors in US stocks and how that was increasing every year and it was an undeniably growing demand.”
Addressing the market hours debate, Galinov added that it is the existence of choice which is most paramount when it comes to institutional traders.
“Obviously, the market might be not very liquid for a buy-side client to be able to do a big transaction in the middle of the night, but they can find a bank that would be willing to do a trade and they have a reference price, so they at least know where the stock is trading at 3am. For a trader, keeping your options open is always important.”