24 Exchange Hits Highs with over $4 Billion in Consecutive Daily FX NDF Volumes

<p>24 Exchange, the multi-asset class trading platform, announced today that it
has set consecutive daily records for Foreign Exchange Non-Deliverable Forward
(FX NDF) trading volume. The company processed an impressive total of over $4
billion in FX NDF trades for its global institutional customers on two
consecutive days last week. This achievement marks a milestone, surpassing 24
Exchange's previous daily volume record of $3.1 billion set in October of the
previous year.</p><p>Consecutive Daily Volume Achievements in FX NDF Trading</p><p>Dmitri Galinov, the CEO and Founder of 24 Exchange, stated: "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."</p><p><a href="https://www.financemagnates.com/tag/24-exchange/">24 Exchange</a>
operates as a multi-asset class trading platform, facilitating seamless
exchanges for market participants at the lowest cost. The platform's mission is
to enable members to initiate the most cost-effective trades across a growing
range of asset classes, 24 hours a day. Galinov emphasized the company's
commitment to providing creative and unique workflows tailored to each asset
class, with the ultimate goal of lowering the cost of exchanging assets in the
global markets.</p><p>24 Exchange also offers Crypto NDFs, meeting regulatory standards set by the
Bermuda Monetary Authority. The platform extends its services to include FX
Swaps and FX Spot, with efforts to expand these offerings and create additional
avenues for delivering institutional traders more liquidity at lower costs.</p><blockquote><p lang="en" dir="ltr">24 Exchange's FX NDF engine processes over $4 billion in only two days – “Setting consecutive daily volume records for FX NDF trading is an exciting way to usher in the new year.” 24 Exchange has printed new records in FX NDF (non-deliverable forward) trading volumes, the Be… <a href="https://t.co/Z4SYuYnVnS">pic.twitter.com/Z4SYuYnVnS</a></p>— The Industry Spread (@industryspread) <a href="https://twitter.com/industryspread/status/1749451909369344223?ref_src=twsrc%5Etfw">January 22, 2024</a></blockquote><p>24 Exchange with $1.9 Billion Single-Day Volume in February 2023</p><p>In February 2023, 24 Exchange achieved <a href="https://www.financemagnates.com/institutional-forex/24-exchange-sets-new-fx-ndf-trading-record-in-february/">a
daily average volume of $1.49 billion</a> in forex NDF for global institutional
customers, representing an increase of 50% from the previous month, according to a
report by <a href="https://www.financemagnates.com/">Finance Magnates</a>.
Additionally, the platform set a single-day volume record of $1.9 billion. Galinov attributed the industry's positive response to the platform's
unique ability to unify liquidity pools in NDFs.</p>

This article was written by Tareq Sikder at www.financemagnates.com.