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24X Bermuda Limited has set a new daily record for FX non-deliverable forward (NDF) trading volume, processing $9 billion in trades on 26 January for its global institutional users.
Dmitri Galinov, Chief Executive Officer and Founder, 24X
Dmitri Galinov, Chief Executive Officer and Founder, 24X, said:
"This new record is a demonstration of our continued momentum as our global institutional users increasingly turn to our robust platform for their FX trading activity. Our strong growth in daily trading volume underscores the tangible value 24X delivers by giving clients deeper, more efficient liquidity around the clock. We expect trading activity on the global 24X platform to continue building as we roll out new products and enhancements throughout the year ahead."
24X also offers deliverable swaps, non-deliverable swaps, and spot trading to institutional customers in addition to NDFs. Since its launch in 2019, 24X's multi-asset offering through a single trading interface has enabled market participants to access increased liquidity at lower cost.
24X Bermuda Holdings LLC (24 Exchange) is a privately held company with two primary operating subsidiaries: 24X Bermuda Limited, which allows seamless and cost-effective exchange of currency exposures, and 24X National Exchange LLC, the first national securities exchange approved by the SEC to operate 23 hours each weekday. 24X is focused on enabling cost-effective trades across a growing range of asset classes around the clock.
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