Bermuda wrote the OTC 24 product trading platform, announced a strategic collaboration with the Transaction Network Services (TNS) services, a worldwide global infrastructure and connectivity solutions provider for financial markets. Through this collaboration, TNS will provide access to market data from a 24 -time national exchange, the first national capital market exchange approved by the Securities and Exchange Commission to provide 23 -hour weekly US shares transactions.
Starting from the scheduled launch of the negotiation on September 24 times, the broker-intermediary companies who are members of the new exchange will receive purchase data 24 times through TNS safe low-delay infrastructure. This will allow members of the National Exchange 24x and their customers in retail trade to receive real -time pricing information and optimal trading updates, further setting 24 times at the forefront of market transformation into almost 24 hours of trade.
24 CEO of the exchange and founder Dmitri Galinov, he said,
“Providing fast, reliable market data is fundamental to our mission to create a modern, accessible and global shares market for US shares.
Jeff Mezger, Vice President of Product Management at TNS, said,
“The connection to the 24x National Exchange enhances TNS 24 × 5 trading capabilities, especially for businesses in the Asia-Pacific region (APAC)-including Hong Kong, Tokyo and Singapore-which must gain access to local hours.
“TNS is uniquely positioned as the only provider that offers comprehensive access to any overnight stay of US shares.
24x National Exchange will offer US shares transactions from 4:00 am By 8:00 pm Et daily. The platform will operate under full regulatory supervision of the sec and with all standard investor protections provided in national exchanges. The exchange will initially focus on fulfilling the increasing demand for US shares overnight between technology-I understand retail investors across the APAC area.
Awaiting final approvals and market infrastructure alignment, the national exchange 24 times will be operated from 8:00 pm. Et on Sunday until 8:00 pm Et on Friday, with a daily functional pause for software maintenance and testing. The start date for the second stage of the exchange will be announced later. The 24x national exchange is based on a strong high -performance technological infrastructure powered by MEMX Technologies, ensuring a seamless, durable and cost -effective commercial experience.
“TNS will help to ensure that 24x provides real-time access, always data to retail investors everywhere negotiating US shares for our new exchange via the anti-riots,” Galinov added.
About 24 exchange
The 24x Bermuda Holdings LLC (“24 Exchange”) is a private company with two main operating subsidiaries: 24x Bermuda Limited, which allows for the smooth and cost -effective exchange of monetary exhibitions. and 24x National Exchange LLC, the first national capital market exchange approved by the Securities and Exchange Commission for the operation of 23 hours each week. Its mission is to allow cost -effective transactions in a growing range of assets around the clock. The exchange reduces the cost of exchange of assets in world markets, while providing creative and unique work flows served in each category of assets. 24x National Exchange will allow retail and institutional customers around the world to exchange shares in US shares through approved members.
About Transaction Network Services (TNS)
It was founded in 1990 and based in the US and offices throughout Europe and Asia, TNS is a leading provider of infrastructure, connectivity, connectivity, market data and analytical services for the community of financial markets. It has been delivered as a fully managed infrastructure-as-serving offering, TNS provides an unparalleled, global, critical footprint that can significantly contribute to reducing the burdens, complexity and costs attributed to businesses that go directly. Through the extremely low -connection of latent status, the world market data and the 24x7x365 local support special support, TNS remains the reliable solutions provider of more than 750 counterparties worldwide.