October 28, 2022 - 24 Exchange, a multi-asset class, 24-hour, 365-day trading platform, announced that it reached a record daily FX NDF trade volume of $1.476 billion on October 21 and a record weekly FX NDF trade volume of $1.175 billion from October 17-21, 2022.
24 Exchange provides clients with customized solutions across a variety of trading workflows. Beyond FX NDFs, the company also offers Crypto Spot trading, Crypto NDFs, FX Swaps, and FX Spot.
Jason Woerz, President of 24 Exchange, said, "The recent growth of our NDF platform is a testament to our unwavering attention to providing our clients with the best possible trading experience and platform. At 24 Exchange, our highest priority is understanding and meeting the needs of our institutional clients who are seeking access to optimal liquidity through our expanding range of trading workflows. We continue to tailor our set of offerings to create a one-of-a-kind trading experience with unparalleled market access and lower costs."
During three of the last six weeks, average weekly FX NDF trading volume on the 24 Exchange platform surpassed $1 billion.
The company expects to see continued growth not only in its FX NDF trading volumes, but in other assets as well, as it fosters relationships with a growing network of FX, cryptocurrency, and NDF stakeholders and platforms.
Last week, 24 Exchange announced its partnership with the Talos Partner Network, providing clients with access to new liquidity in cryptocurrency spot trading.
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