Subject: S7-2026-06: Webform Comments from Ocean Fintech Ventures
From: Ocean Fintech Ventures
Affiliation:

Mar. 30, 2026

Dear Secretary,
Ocean Fintech Ventures respectfully submits this letter in strong support of the application by 24X National Exchange LLC ("24X") for temporary, conditional exemptive relief from certain requirements of Rule 602 of Regulation NMS and the UTP and CQ Equity Data Plans.
As an investor in global financial technology and market infrastructure platforms serving institutions across Asia, the Middle East, and Europe, we observe clear and sustained demand for access to U.S. equity markets beyond traditional trading hours. This demand is not theoretical-it is already influencing how global investors allocate capital and engage with U.S. markets. 
The current market structure, anchored to limited trading windows, is increasingly misaligned with a globally distributed, technology-driven investor base. Market participants are moving toward more continuous access models, supported by advances in real-time data distribution, modern trading infrastructure, and evolving post-trade and settlement capabilities.
In this context, 24X's proposal represents a necessary and pragmatic step forward. 
Granting temporary, conditional exemptive relief would: 
• Facilitate the introduction of overnight trading within a regulated exchange framework 
• Provide a controlled and observable environment for regulators and market participants to evaluate trading behavior outside traditional hours 
• Allow the continued development of consolidated market data infrastructure alongside real-world implementation
Importantly, this step aligns regulated market structure with how global investors already operate-across time zones and increasingly outside traditional U.S. trading hours-while maintaining the safeguards and oversight that define U.S. capital markets.
Absent a regulated framework, this activity does not disappear; it continues to develop through alternative venues that may be less centralized or less transparent. Providing a supervised exchange environment helps ensure that this evolution occurs within the U.S. regulatory perimeter, where transparency, price discovery, and investor protections can be preserved.
For these reasons, Ocean Fintech Ventures respectfully urges the Commission to approve the requested temporary, conditional exemptive relief.
We appreciate the Commission's continued leadership in guiding the evolution of U.S. market structure in a manner that reflects the realities of a global, always-on financial system.
Respectfully, 
Ocean Fintech Ventures