Trading Venues

Capital is set to go towards Bruce Markets’ development of its overnight trading platform.

Investment has been partially used to finance Miami International Holdings’ (MIH) acquisition of The International Stock Exchange (TISE).

The TRADE catches up with Dmitri Galinov, founder and chief executive of 24 Exchange, to unpack the realities behind his vision for the around-the- clock equities trading platform – set for launch September 2025 – discussing market reaction, the current state of play, and the key considerations when it comes to implementation.

The product allows investors to create a custom-made equity basket, specified by return type, currency, and chosen from a pool of equities.

The improved service offering is expected to go live in November 2025.

Launch is scheduled for September 2025 and follows SEC approval to operate 23/5 trading hours in November 2024. 

The agreement follows news in January 2025 that a consortium including Optiver and XTX Markets would fund talent and technology investment for the launch.  

The integration follows the launch of GFO-X in May 2025, which aims to provide clients with institutional-grade market infrastructure, central clearing and deep liquidity. 

The offering is set to provide access to addressable liquidity which is currently untapped; launch set for later this year.

24X received SEC approval to operate as an after-hours exchange for equities in November 2024.