24 Exchange sets trading volume record
Bermudian-based 24 Exchange has set consecutive daily records for FX NDF (foreign exchange non-deliverable forwards) trading volume, processing more than $4 billion in FX NDF trades for its global institutional customers on two consecutive days last week.
The company said this milestone surpassed 24X's previous daily volume record of $3.1 billion set last October.
24 Exchange chief executive and founder Dmitri Galinov said: "Setting consecutive daily volume records for FX NDF trading is an exciting way to usher in the new year.
“The continuing growth in FX NDF trading volume exemplifies the value our clients achieve by using our innovative and efficient platform. In the months ahead, we look forward to helping greater numbers of clients access increased liquidity at the lowest cost on the 24 Exchange platform."
In addition to FX NDF trading, the company offers crypto NDFs, FX swaps, and FX spot.
24 Exchange is a multi-asset class trading platform. It is operated by 24 Exchange Bermuda Ltd, which is regulated by the Bermuda Monetary Authority for the purposes of offering digital asset derivatives, pursuant to the Digital Asset Business Act.
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