Syz the moment

This start-up stock exchange just won approval from the US SEC to allow nonstop trading 23 hours a day, 5 days a week. Trading technology pioneer Dmitri Galinov's 24 Exchange has secured regulatory approval to launch what could become America's first near round-the-clock equities trading venue, marking a potential watershed moment for US market structure. The extended hour trading is subject to Equity Data Plans making changes that would facilitate overnight trading hours and 24X National Exchange making an additional rule filing with the SEC confirming the changes and the Exchange’s ability to comply with the Securities Exchange Act. The Securities and Exchange Commission (SEC) has greenlit 24X National Exchange, the latest venture from Galinov, who previously founded FastMatch - now Euronext FX - and held senior roles at Direct Edge. The approval represents a significant milestone for the firm, which has been steadily expanding its trading offerings since its 2019 launch. The exchange will roll out in two phases, with initial trading hours from 4:00 AM ET to 7:00 PM ET on weekdays, starting in the second half of 2025. The second phase would extend trading from 8:00 PM ET Sunday through 7:00 PM ET Friday, subject to approval from Equity Data Plans and additional SEC requirements. A one-hour operational pause will occur during each trading day to accommodate routine software upgrades and functionality testing. (Source: www.liquidityfinder.com)

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In 1965, Singapore was forced a tiny island of 2M people forced out of Malaysia. No army. No resources. No fresh water. Then ONE man's ruthless vision built modern Asia's greatest success... Source: Great post by Oscar Hoole on X

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The Two-Pizza Rule is rooted in Bezos’ belief that small, autonomous teams are more productive than large, bureaucratic ones. - Decision-making is faster. - Communication is clearer. - Accountability is higher. By limiting the size of teams, Bezos ensured that every member contributed meaningfully and avoided the pitfalls of “groupthink” and overcomplexity. Teams are given the freedom to innovate and make decisions without relying on higher-ups for approval. Each team has full responsibility for their product or project, from development to execution. This approach encourages entrepreneurial thinking within the company, treating each team as a mini-startup. The Two-Pizza Rule has directly contributed to Amazon’s success by fostering an innovation-first culture. - Alexa: Developed by a dedicated small team that was given the freedom to experiment. - Amazon Prime: Launched by a focused team tasked with creating a subscription model that would lock in customer loyalty. - AWS (Amazon Web Services): What started as a small internal project turned into Amazon’s most profitable division. The Two-Pizza Rule isn’t just about productivity—it also improves employee satisfaction and engagement. - Smaller groups mean deeper connections and more effective teamwork. - Team members feel more responsible for their outcomes, leading to higher motivation. - Less time is wasted on unnecessary meetings and approvals, leaving more time for innovation. Bezos’ Two-Pizza Rule offers a simple but powerful lesson: less is more. Keep teams small and focused, and give them autonomy to innovate. This approach can help any business, regardless of size, to move faster, think creatively, and achieve more with less. Source: Business Nerd