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€“] Bonesince1997 29 points 2 weeks ago

A company called 24 exchange, with 23 hours of operation, from 4am to 7pm. ๐Ÿ˜‚

[โ€“] [email protected] 8 points 2 weeks ago

"Just what we needed"

[โ€“] ninja 6 points 2 weeks ago (1 children)

If there's pre-hours trading and post-hours trading then it's already 24 hours. Regular people just aren't rich enough to use it.

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

Any retail trader can trade pre or post market, it has nothing to do with how much money you have. It will however depend on if your broker allows it.

There are no market makers involved during those periods and so there is very low liquidity and unless you really know what you are doing it's a really bad idea.

[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.