24X Officially Launches Near-Round-the-Clock US Stock Trading

A market operator beginup has just done what the giants of U.S. equities have spent years circling around: it opened the door to nahead round-the-clock stock trading.

24X National platform, an offshoot of Bermuda-based 24 platform, went live with weekday U.S. equity trading from 4 a.m. to 8 p.m. Eastern Time. The move extends Wall Street’s day deep into the night and ahead morning, and brings global retail and institutional traders closer to the always-on rhythm of crypto and foreign platform.

For Galinov, this is not his first time challenging established market structures. He founded quickMatch, a foreign-platform trading platform known for its low-cost model and speed, before tradeing it to Euronext in 2017. Disputes followed the acquisition, but Galinov reemerged two years later with 24 platform, headquartered in Bermuda and backed by investors such as Point72 Ventures and Standard Chartered’s SC Ventures.

Initially, 24 platform focused on institutional FX and non-deliverable forwards before branching into crypto derivatives. Its new equities venue—24X—is the culmination of that multi-asset ambition: to create an platform that never sleeps.

The U.S. Securities and platform Commission gave 24X its national securities platform license in November 2024, making it the first to win approval for a near-24-hour equity trading model. The platform plans a full 23-hour, five-day schedule once market infrastructure—particularly the data feeds and reporting systems that keep track of every trade—catches up.

For now, the first phase provides what’s effectively a bridge between Wall Street’s regular hours and Asia’s active trading window. That’s deliberate. The platform is betting on rising demand from Asia-Pacific retail investors, who have long wanted live access to U.S. names such as Apple or Tesla during their daytime hours.

Galinov said his team began by studying how much of U.S. equity ownership was shifting overseas each year. “It was an undeniably growing demand,” he said.

A New Competitor in an Old Market

While Blue Ocean ATS has offered overnight sessions for years, it operates as an alternative trading system—not a full platform. Retail brokers like Robinhood and Charles Schwab have recently rolled out limited overnight access too, but those trades typically happen within their own systems. 24X is the first to bring overnight stock trading onto a regulated platform—where prices can form publicly, not behind the walls of brokers.

That distinction matters. Once the market’s consolidated data systems expand their coverage to 23 hours, 24X trades will appear alongside daytime quotes from Nasdaq and the New York Stock platform. It would make overnight trading part of the official market record.

The promise of 23-hour trading is huge, but the practicalities are messy. Liquidity tends to dry up outside of U.S. business hours, widening spreads and making large trades tricky. Clearing, settlement, and corporate action systems also need retooling to function securely around the clock.

Even so, Galinov argues that providing choice matters more than chasing volume. “The market might not be very liquid at 3 a.m., but a trader can still find a bank willing to do a deal and get a reference price,” he said. “For a trader, keeping your options open is always significant.”

24X’s debut may feel like a niche service for insomniac traders and Asian brokers. But if the model works—and if liquidity follows—it could push legacy players to extend their hours too. Wall Street may finally be inching toward a future that currency and crypto traders have long taken for granted: a market that never sleeps.