A 24-hour stock exchange has been approved by US regulators, allowing expanded round the clock trading for the first time in any major market.
Start-up 24 Exchange, which is backed by Steve Cohen’s Point72 Ventures fund, was given the nod for a two-part plan by the Securities and Exchange Commission on Wednesday.
It will launch initially in regular hours, then expand to include a nightly back-of the-clock session between Sunday and Thursday once broader market infrastructure is in place.
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