Billionaire Steven A. Cohen funds 24Exchange: WSJ

Steven A. Cohen, the billionaire owner of the New York Mets, is providing $14.25 million in financing to stock trading company 24 Exchange, The Wall Street Journal reported on Wednesday. Cohen’s venture fund Point72 Ventures is backing efforts by 24 Exchange to provide stock trades 24 hours a day, seven days a week. The three-year-old company is currently seeking approval from the Securities and Exchange Commission to set up a round-the-clock stock market. It’s already launched trading platforms for cryptocurrencies and foreign exchange transactions.

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