24X Exchange plans expansion into US options market

24X Bermuda Ltd., a platform backed by Point72 Ventures, is preparing to expand its operations into the United States options market. The company intends to file a request with the Securities and Exchange Commission to broaden the remit of its 24X National Exchange.

This move aims to provide the exchange operator with a presence in the US listed equity derivatives market, which currently sees approximately $4 trillion in daily trading volume.