24X expands global overnight trading push
24 Exchange has expanded its push into around-the-clock American equities trading through a new partnership with global financial infrastructure provider IPC Systems.
The agreement will see IPC distribute market data for 24X National Exchange — the first United States national securities exchange approved by the Securities and Exchange Commission to offer 23-hour weekday trading in US equities.
The move comes as global demand for overnight US equities trading continues to grow, particularly across Asia-Pacific markets, the company said.
IPC said it would distribute 24X market data through its low-latency global network spanning financial centres including Hong Kong, Singapore, Tokyo, Taiwan and Sydney, allowing market participants to access 23/5 trading more efficiently.
Paul Zatek, head of global data sales at IPC Systems, said: “As US equities trading extends beyond traditional market hours, reliable market data and connectivity are more important than ever for global firms.”
He added that the partnership would allow firms to “connect with confidence” and use IPC’s infrastructure to support “performance, resilience and readiness from day one”.
Dmitri Galinov, founder and chief executive of 24X, said the agreement would provide Asia-Pacific participants with “a trusted and scalable path” to access the SEC-regulated exchange.
The announcement marks the latest expansion for 24X, which operates through Bermudian-based subsidiary 24X Bermuda Ltd alongside its US equities exchange business.
Last this month, 24X said it processed a record $12.2 billion in FX non-deliverable forward trading volume in a single day.
Mr Galinov said at the time that 24X had become “one of the largest liquidity sources for global banks that trade FX NDFs”, crediting the growth to increasing institutional demand and the platform’s ability to handle surging order flow during volatile markets.
Since launching in 2019, 24X has expanded from foreign exchange products into broader multi-asset trading, positioning itself around continuous global market access across time zones.
