Order Granting Temporary Conditional Exemptive Relief to 24X National Exchange LLC From Certain Requirements of Rule 602 of Regulation NMS, Certain Requirements of Certain Equity Data Plans, and Section 19(g)(1) of the Securities Exchange Act of 1934, Pursuant to Section 36 of the Securities Exchange Act of 1934 and Rules 602 and 608 of Regulation NMS, To Permit Certain Overnight Trading, Subject to Certain Conditions, and Effective As of January 24, 2027 and Until the Earlier of (1) the date the Extended Hours Amendments Are Implemented or (2) July 2, 2027

during that period. Accordingly, it is in the public interest and consistent with the protection of investors for the Commission to set an effective date that is beyond the expected timeframe of the industry's widespread, annual system freeze in order to avoid the potential for unintended consequences that could occur if the exemptive relief started during the timeframe where the availability of industry resources related to technology and personnel would likely be reduced.\50\ --------------------------------------------------------------------------- \50\ See, e.g., Letter from Leslie M. Norwood, Managing Director and Associate General Counsel, Securities Industry and Financial Markets Association (``SIFMA''), dated Dec. 19, 2008 at 2-3 (``First, it is critical to point out that virtually all broker dealers have a year-end ``system freeze'' that extends for a two to four week period in December and/or January. This ``system freeze'' is a time when no operational systems changes can be made, as annual systems maintenance on the firm's computer systems is being done. Second, many technology and operations personnel take scheduled time off during December and January, not only due to the holidays but specifically to coincide with the scheduled ``system freeze'' at their particular firm. Some of these technology and operations personnel are required by banking regulations to take