IPC Partners with 24X National Exchange to Support Round-the-Clock US Equities Trading

Trading Hours

23 hours/day

The trading model allows for trading five days a week outside traditional hours.

Asia-Pacific Financial Centres

IPC's established presence in key financial centres includes Hong Kong, Singapore, Tokyo, Taiwan, and Sydney.

§ 01 Executive Snapshot

What: IPC Systems partners with 24X National Exchange to support overnight US equities trading.
Who: IPC Systems, 24X National Exchange.
Why it matters: This partnership enables a 23-hour trading model, enhancing access to US equities for Asia-Pacific market participants.

IPC Systems will distribute market data for overnight trading in US equities via its low-latency global network.
24X National Exchange becomes the first US national securities exchange approved for overnight weekday trading.
The partnership focuses on serving key Asia-Pacific financial centres, including Hong Kong, Singapore, Tokyo, Taiwan, and Sydney.

The move aligns with increasing demand for overnight US equities trading in the Asia-Pacific region, highlighting a shift towards more flexible trading hours.
By providing access to reliable market data, IPC and 24X aim to enhance the trading infrastructure and support the evolving needs of global firms.

Immediate implications include improved access to US equities for Asia-Pacific firms, potentially increasing trading volume during non-traditional hours.
Long-term, this partnership may lead to broader adoption of overnight trading models and shifts in market dynamics as firms adapt to new trading hours.

Potential risks include regulatory challenges that may arise as the overnight trading market continues to develop.
Competition from other trading platforms or exchanges seeking to capture the overnight trading market could impact the success of this partnership.

Watch for the rollout timeline of the overnight trading functionalities and any updates from the SEC regarding further regulatory approvals.
Future developments in onboarding processes and market data distribution effectiveness will be key indicators of the partnership's success.

§ 07

What is the partnership between IPC and 24X National Exchange about?

IPC Systems partners with 24X National Exchange to support overnight US equities trading, enabling a 23-hour trading model.

Why is this partnership significant for Asia-Pacific market participants?

It enhances access to US equities for Asia-Pacific market participants, aligning with the increasing demand for overnight trading.

How will IPC Systems support the overnight trading model?

IPC Systems will distribute market data for overnight trading in US equities via its low-latency global network.