U.S. regulators approved the nation’s first 24-hour stock exchange on Wednesday, marking a significant shift in American securities trading as retail investors increasingly demand round-the-clock market access.
What Happened: The Securities and Exchange Commission granted approval to 24 Exchange, backed by Steve Cohen‘s Point72 Ventures, following the startup’s second application attempt.
The approval comes amid growing momentum for extended trading hours, with Charles Schwab Corp. (NYSE:SCHW) recently announcing plans to expand 24-hour trading access to all S&P 500 and Nasdaq-100 stocks by 2025.
The exchange will launch in two phases, beginning with regular trading hours before expanding to …
Full story available on Benzinga.com