WilmerHale Advises 24X National Exchange in the Opening of SEC-Approved 23/5 Exchange

WilmerHale Advises 24X National Exchange in the Opening of SEC-Approved 23/5 Exchange

Client News

Related Solutions

Leveraging our sophisticated technical, market and legal experience to help clients effectively and efficiently manage complex transactions and get the deal done.
Helping clients launch their businesses and transform their innovative ideas into successful companies.

On October 15, 2025, 24 Exchange, a company aiming to broaden the global accessibility of cost-effective trades, announced the commencement of trading on 24X National Exchange, the first national securities exchange approved by the SEC to offer 23-hour weekday trading of US equities under full regulatory oversight. The new exchange will offer trading hours both before and after regular and current extended hours trading in the US market, allowing investors in Asia and other regions greater flexibility for developing trading strategies and the opportunity to react to real-time economic, corporate or policy news. The exchange is expected to begin 23/5 trading in the second half of 2026, pending final approvals.

The team advising 24X National Exchange on both the opening of its exchange and its previous investment from Rakuten Securities included Stephanie Evans, Andre Owens, Cherie Weldon and Shaina Hourizadeh.

Notice

Unless you are an existing client, before communicating with WilmerHale by e-mail (or otherwise), please read the Disclaimer referenced by this link. (The Disclaimer is also accessible from the opening of this website). As noted therein, until you have received from us a written statement that we represent you in a particular manner (an "engagement letter") you should not send to us any confidential information about any such matter. After we have undertaken representation of you concerning a matter, you will be our client, and we may thereafter exchange confidential information freely.

Thank you for your interest in WilmerHale.

I Accept Cancel