just now
August 17, 2020 - 24 Exchange, a multi-asset class, 24-hour trading platform, has reached an average daily volume of $100 Million in FX NDFs and become a must-access venue for the asset class. In addition, J.P. Morgan began actively trading FX NDFs on the 24 Exchange platform on Day 1 of operation in December of 2019 and remains one of the most active dealers on the platform.
Dmitri Galinov, CEO and founder of 24 Exchange, said, "In a very short period of time, 24 Exchange has topped $100 Million in Average Daily Volume, exceeding most competitors and establishing our platform as a must-access venue for FX NDFs. We are looking forward to working alongside J.P. Morgan to continue the growth and expansion of our robust trading platform."
Eddie Wen, Global Head of Digital Markets for J.P. Morgan, said, "There is growing demand for further electronification of the NDF markets. 24 Exchange reduces the client burden of technology infrastructure, allowing for more efficient access to electronic liquidity by market participants. The platform will offer greater choice of trading venues for our clients. J.P. Morgan believes that innovation and choice are fundamental to the long-term growth of electronic markets. We look forward to being part of the growth of this robust and important platform."
24 Exchange operates in full compliance with the principles of the FX Global Code.
