The approval is for 24X National Exchange, allowing US securities trading for 23 hours each workday.
The first stage of the new exchange is planned for launch in the second half of 2025.
24 Exchange, which began by offering FX NDFs, has entered the United States after receiving approval from the Securities and Exchange Commission (SEC) to operate a securities exchange in the country.
Filling the Gap in the Market
Announced yesterday (Wednesday), the newly approved platform has been named 24X National Exchange. It will enable trading of US securities for 23 hours each workday, supporting extended trading hours.
The exchange’s services will be available to retail and institutional customers globally, allowing them to trade US equities through broker-dealers approved as members of the 24X National Exchange.
Its initial focus will be on meeting the growing demand for overnight liquidity in US equities from the Asia Pacific region.
Dmitri Galinov, founder and CEO of 24 Exchange
“Traders are most at risk when the market is closed in their geographic location,” said 24 Exchange’s CEO and founder, Dmitri Galinov. “24X National Exchange will seek to alleviate this problem by facilitating around-the-clock US equities trading for broker-dealers and their institutional and retail customers.”
24 Exchange, launched in 2019, operates as a multi-asset class trading platform, offering FX NDFs, swaps, and spot trading to institutional clients. Based in Bermuda, it has established the new US-based platform as one of its affiliates.
A Two-Staged Launch
The launch of this new US exchange will occur in two stages. The first stage, in the second half of 2025, will allow operations from 4:00 AM ET to 7:00 PM ET on weekdays. The second stage will commence after meeting all remaining conditions, enabling trading from 8:00 PM ET on Sunday through 7:00 PM ET on Friday.
Similar to other round-the-clock exchanges, 24X National Exchange will include a one-hour daily operational pause for routine software updates and functionality testing.
The announcement also revealed that the new exchange will run on a technology platform provided by MEMX Technologies.
"With this historic SEC approval in place, we will build and operate a customer-driven exchange that can rapidly align with market demands and adapt quickly to client feedback," Galinov added. "We look forward to bringing a superior trading experience to global customers."
24 Exchange, which began by offering FX NDFs, has entered the United States after receiving approval from the Securities and Exchange Commission (SEC) to operate a securities exchange in the country.
Filling the Gap in the Market
Announced yesterday (Wednesday), the newly approved platform has been named 24X National Exchange. It will enable trading of US securities for 23 hours each workday, supporting extended trading hours.
The exchange’s services will be available to retail and institutional customers globally, allowing them to trade US equities through broker-dealers approved as members of the 24X National Exchange.
Its initial focus will be on meeting the growing demand for overnight liquidity in US equities from the Asia Pacific region.
Dmitri Galinov, founder and CEO of 24 Exchange
“Traders are most at risk when the market is closed in their geographic location,” said 24 Exchange’s CEO and founder, Dmitri Galinov. “24X National Exchange will seek to alleviate this problem by facilitating around-the-clock US equities trading for broker-dealers and their institutional and retail customers.”
24 Exchange, launched in 2019, operates as a multi-asset class trading platform, offering FX NDFs, swaps, and spot trading to institutional clients. Based in Bermuda, it has established the new US-based platform as one of its affiliates.
A Two-Staged Launch
The launch of this new US exchange will occur in two stages. The first stage, in the second half of 2025, will allow operations from 4:00 AM ET to 7:00 PM ET on weekdays. The second stage will commence after meeting all remaining conditions, enabling trading from 8:00 PM ET on Sunday through 7:00 PM ET on Friday.
Similar to other round-the-clock exchanges, 24X National Exchange will include a one-hour daily operational pause for routine software updates and functionality testing.
The announcement also revealed that the new exchange will run on a technology platform provided by MEMX Technologies.
"With this historic SEC approval in place, we will build and operate a customer-driven exchange that can rapidly align with market demands and adapt quickly to client feedback," Galinov added. "We look forward to bringing a superior trading experience to global customers."
Arnab Shome is an electronics engineer-turned-financial editor. He holds a Bachelor of Technology from the National Institute of Technology, Agartala. He entered the retail trading industry about a decade ago, covering the cryptocurrency market for Finance Magnates, and later expanded his coverage to include forex and CFDs as well.
His work at Finance Magnates includes C-level interviews, data-driven analysis, opinion pieces, and scoops of industry exclusives. He also contributes to Finance Magnates’ quarterly industry report.
Area of coverage:
1. CFD broker-related news
2. Industry-related Regulatory updates and developments
3. New retail trading trends
4. Prop trading industry updates
5. Executive interviews
Education:
Bachelor of Technology - National Institute of Technology, Agartala (India)
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The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
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Lights on. Cameras ready. 🎬
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#FMAwards #FinanceMagnates #FintechAwards #Fintech
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➡️ Local expertise is key to regulatory compliance and user experience.
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In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
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➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
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Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
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- The problem of delayed data processing (batch processing vs. real-time events)
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