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24X Bermuda Limited (24X) has announced a new daily record for FX NDF volume, processing more than $14.7 billion in FX NDF trades for its global institutional users on Friday, 31st July.
The latest milestone comes less than three months after the firm set a previous daily record of $12.2 billion in FX NDF trades.
24X also recorded a new monthly FX NDF average daily volume record for July of more than $9.4 billion, alongside a new daily record for KRW (Korean Republic Won) volume of 7.1 billion.
Dmitri Galinov, CEO and Founder, 24X
Dmitri Galinov, CEO and Founder, 24X said:
"Handling increasing FX NDF volume records for some of the largest global financial institutions is precisely why we built the 24X platform. Our resilient platform has repeatedly and consistently proven its ability to serve surging order flow and in the process has become one of the largest liquidity source for global banks that trade FX NDFs. As liquidity accelerates, 24X's market data is becoming a leading source of valuable information for our clients. We built 24X to exceed the market's expectations for around-the-clock trading, and these latest volume records in FX NDF and Korean Won are proof of this success."
24X also offers Deliverable Swaps, Non-Deliverable Swaps, Metals and Spot products to institutional customers in addition to NDFs. Since its launch in 2019, 24X's multi-asset offering through a single interface has enabled market participants to access increased liquidity at lower cost.
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