Public statements or press releases from financial institutions

SEC Approves 24X, America's First 24-Hour Stock Exchange for 23-Hour Trading, Five Days a Week with 7 PM Break

Dec 2, 2024, 07:32 AM

The U.S. Securities and Exchange Commission (SEC) has granted approval for the first 24-hour stock exchange, known as 24X, which will allow trading 23 hours a day, five days a week. The exchange will close for one hour each day at 7 PM to accommodate a break for dinner. This decision has sparked a range of reactions, with some industry experts expressing concerns about the implications for the health and well-being of market professionals. Proponents of the exchange argue that it will provide greater flexibility and access for investors, while critics warn that it could lead to negative consequences for retail investors and the overall market environment.