SEC greenlights first around-the-clock stock exchange

Available 23 hours per day

US regulators have approved plans for an around-the-clock stock exchange in an effort to capitalise on the increasing appeal of the New York stock market.

The Securities and Exchange Commission (SEC) has given 24 Exchange permission to proceed with plans that will facilitate trading of US securities 23 hours each workday.  According to 24 Exchange, a start-up backed by Steve Cohen's Point72 Ventures fund, "the new exchange will enable retail and institutional customers anywhere in the world to trade in US equities via broker-dealers who are approved members of 24X National Exchange".  Chrysalis holding Klarna files for New York IPO Opportunities for out-of-hours trading have grown in recent years, with brokers such as Interactive Bro...