24X says requested SIP exemption won’t break the market
In a new letter to the SEC, the startup exchange says data infrastructure that operates like the SIP is available as it looks to launch overnight trading this summer.
24X National Exchange’s proposed early entry into overnight trading would benefit the growing interest in overnight trading, argues its general counsel, David Sassoon, in a new letter to the US Securities and Exchange Commission (SEC).
“In light of the unexpected delays by the equity data plans, the growing interest in overnight trading since the approval of 24X’s Form 1 a year and half ago, and the availability of alternative consolidated data in the overnight market, the existing 24X rules
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