this post was submitted on 02 Dec 2024
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Economics

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New stock exchange aiming to offer 23-hour trading set to launch in 2025 (www.cnbc.com)
submitted 2 weeks ago by MicroWave to c/economics
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KEY POINTS

  • 24 Exchange, a new stock exchange, announced Wednesday that it will launch next year.
  • The exchange could eventually offer 23-hours-a-day stock trading, pending final regulatory approval.
  • The 24X National Exchange will debut in the second half of 2025, with trading from 4:00 a.m. ET to 7:00 p.m. ET on weekdays, the Stamford, Connecticut-based platform said.
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[โ€“] [email protected] 3 points 2 weeks ago (1 children)

Uh, sorry to tell you, but that's not 23 hours. 4 a.m. to 7 p.m. is 15 hours, not 23. I will say, though, that that is better than what we currently have. So, at least it's an improvement.

[โ€“] [email protected] 3 points 2 weeks ago

That can be expanded to 8:00 p.m. ET on Sunday through 7:00 p.m. ET on Friday, with a one-hour pause each day, once the exchange clears some final hurdles with the U.S. Securities and Exchange Commission.