Multi-asset class trading platform 24 Exchange announced that it has set consecutive daily records for the volume of foreign exchange non-deliverable forward contracts (FX NDF), processing more than $4 billion in total FX NDF transactions for its global institutional clients for two consecutive days last week。The achievement is a milestone, surpassing 24 Exchange's daily trading volume record of $3.1 billion last October.。

Forex NDF Trading Continues Record

Dmitri Galinov, CEO and Founder of 24 Exchange, said: "The continued growth in FX NDF trading volume is a testament to the value our customers realize by using our innovative and efficient platform.。In the coming months, we look forward to helping more customers get more liquidity at the lowest cost on the 24 Exchange platform。"

24 Exchange is a multi-asset class trading platform that facilitates seamless exchanges at the lowest cost for market participants. The mission of the platform is to enable members to initiate the most cost-effective transactions in a growing number of asset classes 24 hours a day.。Galinov stressed that the company is committed to providing tailored creative and unique workflows for each asset class, with the ultimate goal of reducing asset exchange costs in global markets.。

24 Exchange also offers cryptocurrency NDF, which meets the regulatory standards set by the Bermuda Monetary Authority。The platform extends its services to FX swaps and FX spot, and strives to expand the range of these products, creating more avenues for institutional traders to provide more liquidity at a lower cost.。

24 Exchange daily trading volume reaches $1.9 billion

In February 2023, 24 Exchange's average daily trading volume of foreign exchange NDFs for global institutional clients reached 14.$900 million, up 50% from the previous month。In addition, the platform also recorded a single-day trading volume of $1.9 billion, and Galinov attributed the industry's positive response to the platform's unique ability to unify NDF liquidity pools.。