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

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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.

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