2025-22394NoticeWallet

Exchange Shields Traders from Wild Price Blunders in All Sessions

Published Date: 12/10/2025

Notice

Summary

24X National Exchange is updating its rules to make price protections for limit orders the same during all trading sessions—pre-market, post-market, and regular hours. This change helps prevent accidental bad trades by rejecting orders priced too far from the best current prices. The update is effective immediately and affects all traders using 24X, aiming to keep trading safer and smoother without changing fees.

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Stricter Limit Order Price Protections

24X changed the limit order price protection percentages used in the Pre-Market, Post-Market, and 24X Market Sessions to match the Core Market Session. The old percentages were 20% for securities $0.00–$25.00, 10% for $25.01–$50.00, and 6% for >$50.00; the new percentages are 10% for $0.00–$25.00, 5% for $25.01–$50.00, and 3% for >$50.00. The rule became operative upon filing on November 28, 2025, and is intended to reject limit orders priced far from the National Best Bid or Offer to provide greater protection to market participants trading on 24X.

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Key Dates

Effective Date
Published Date
11/28/2025
12/10/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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