🚀 24 Exchange Receives SEC Approval For Extended Trading Hours
#24Exchange #SECApproval #ExtendedTradingHours #NationalSecuritiesExchange #StockMarket #Finance #Trading #Investment #DmitriGalinov #ContinuousTrading
According to Odaily, 24 Exchange, a startup backed by Point72 Ventures, has received approval from the U.S. Securities and Exchange Commission (SEC) to operate the 24X National Exchange. This makes it the first national securities exchange in the United States to allow trading for 23 hours a day from Monday to Friday. The launch of 24X will occur in two phases, with the initial phase set to begin in the second half of 2025. During this phase, trading hours will be from 4 a.m. to 7 p.m. Eastern Time.
Once the public data feed for broadcasting U.S. stock prices is upgraded to support continuous operation, 24X will be permitted to extend its trading hours to include nighttime sessions. These sessions will run from 8 p.m. on Sunday to 7 p.m. on Friday, with a one-hour pause from 7 p.m. to 8 p.m. to accommodate routine software upgrades and functionality tests. Dmitri Galinov, CEO and founder of 24X, stated, "Traders face the greatest risk when markets in their regions are closed. We aim to mitigate this issue by facilitating around-the-clock trading."#24Exchange #SECApproval #ExtendedTradingHours #NationalSecuritiesExchange #StockMarket #Finance #Trading #Investment #DmitriGalinov #ContinuousTrading
🚀 U.S. Regulators Propose Supportive Measures for Cryptocurrency Markets
#USRegulators #CryptoMarkets #SEC #CFTC #TwentyFourSevenTrading #ContinuousTrading #InnovationExemption #DeFi #PredictionMarkets #EventContracts #PerpetualDerivatives #SpotTrading #CryptoRegulation #TrumpAdministration #CryptoPolicy
According to PANews, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins and Commodity Futures Trading Commission (CFTC) Acting Chairman Caroline Pham have jointly proposed several initiatives aimed at supporting cryptocurrency markets. Among these is a proposal for a '24/7 market' similar to traditional financial markets, designed to align the U.S. economy with the pace of digital asset markets.
This policy would enable continuous online trading on stock exchanges. For 154 years since Wall Street introduced continuous trading, such markets have adhered to strict trading schedules, open only during specific business hours on weekdays since 1985. However, the chairpersons indicated that adjustments might be necessary to keep up with constantly active markets like cryptocurrency, gold, and foreign exchange.
The chairpersons also suggested easing restrictions for 'innovators' to launch event contracts in prediction markets and allowing perpetual derivatives contracts—common in offshore cryptocurrency markets but currently heavily restricted in the U.S.—to be freely traded between securities and commodity exchanges. Another proposal involves establishing an 'innovation exemption' for DeFi protocols offering spot cryptocurrency and perpetual derivatives contract trading. The chairpersons noted that these proposals align with a report released by the Trump administration in July, which directed agencies to relax many restrictions on U.S. cryptocurrency trading.#USRegulators #CryptoMarkets #SEC #CFTC #TwentyFourSevenTrading #ContinuousTrading #InnovationExemption #DeFi #PredictionMarkets #EventContracts #PerpetualDerivatives #SpotTrading #CryptoRegulation #TrumpAdministration #CryptoPolicy
🚀 NYSE to Enable 24/7 Trading of US Equities
#NYSE #24_7Trading #USEquities #MarketLiquidity #GlobalMarkets #ContinuousTrading #RoundTheClockTrading #InvestorOpportunities #StockMarket
According to BWEnews, the New York Stock Exchange (NYSE) is set to introduce 24/7 trading for U.S. equities. This move aims to provide investors with greater flexibility and access to the market at any time. The decision reflects a growing trend towards continuous trading, which has been gaining traction in various global markets. The NYSE's initiative is expected to enhance market liquidity and offer investors more opportunities to respond to global events as they happen. This development marks a significant shift in the traditional trading hours of U.S. equities, aligning with the increasing demand for round-the-clock trading options.#NYSE #24_7Trading #USEquities #MarketLiquidity #GlobalMarkets #ContinuousTrading #RoundTheClockTrading #InvestorOpportunities #StockMarket
🚀 MMF Introduces Tokenized Shares for Enhanced Trading Efficiency
#MMF #TokenizedShares #Blockchain #TradingEfficiency #SEC #Investors #ContinuousTrading #SettlementTimes #FinancialTransactions #Modernization
The Monetary Market Fund (MMF) has announced the issuance of tokenized shares on a blockchain, aiming to streamline trading processes. U.S. Securities and Exchange Commission (SEC) posted on X, highlighting that this initiative allows investors to trade these tokenized shares with a dealer throughout the day, ensuring continuous trading and quicker settlement times compared to traditional methods. This development marks a significant step towards modernizing financial transactions, offering improved efficiency and speed in the trading of shares.#MMF #TokenizedShares #Blockchain #TradingEfficiency #SEC #Investors #ContinuousTrading #SettlementTimes #FinancialTransactions #Modernization
🚀 Franklin Templeton Collaborates with Ondo Finance for 24/7 Tokenized ETF Trading
#FranklinTempleton #OndoFinance #TokenizedETF #Cryptocurrency #ETFs #ContinuousTrading #DigitalAssets #FinanceInnovation #Investing #BlockchainFinance #ONDO
Franklin Templeton has announced a collaboration with Ondo Finance to introduce tokenized versions of its exchange-traded funds (ETFs). Bloomberg posted on X, highlighting that this initiative allows these ETFs to be traded continuously through cryptocurrency wallets, eliminating the need for traditional brokerage accounts and the constraints of limited trading hours that have long characterized fund investing. This move signifies a shift towards more flexible and accessible investment options in the financial markets.#FranklinTempleton #OndoFinance #TokenizedETF #Cryptocurrency #ETFs #ContinuousTrading #DigitalAssets #FinanceInnovation #Investing #BlockchainFinance #ONDO