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SEC approves first "lit" overnight exchange

The SEC has approved 24 Exchange’s second request to host an (almost) around-the-clock trading platform.

Article label: Quick Read

Alexander Barzacanos

Neon sign showing "24 hours"
Photo: Mevans/Getty Images
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The startup 24 Exchange (24X) has been granted approval to host an overnight securities exchange that will operate 23 hours a day (8pm-7pm), five days a week, excluding holidays. The one hour of downtime will account for maintenance and functionality testing.

This marks the first time the SEC has given

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