24 Exchange Sets New Daily and Weekly Records in FX NDF Trade Volume

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Oct 28, 2022, 08:00 ET

New Single Day Record Volume of $1.5 Billion Was Reached on October 21

HAMILTON, Bermuda, Oct. 28, 2022 /PRNewswire/ -- 24 Exchange, a multi-asset class, 24-hour, 365-day trading platform, announced today 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. These record-breaking FX NDFs trade volumes are a further indication of the 24 Exchange platform's growth and the market's embrace of the company's product offerings.

24 Exchange provides its clients with customized solutions that offer increased profitability through its variety of trading workflows. Beyond FX NDFs, the company also offers Crypto Spot trading, Crypto NDFs, FX Swaps, and FX Spot – each provides institutional market clients with a robust and reliable platform for trading at the lowest cost.

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.

Just last week, 24 Exchange announced its partnership with the Talos Partner Network, providing clients with access to new liquidity in cryptocurrency spot trading.

About 24 Exchange

24 Exchange is a multi-asset class trading platform that allows market participants to seamlessly exchange their exposures at the lowest possible cost. 24 Exchange's mission is to enable members to initiate the most cost-effective trades across a growing range of asset classes, 24 hours a day. 24 Exchange lowers the cost of exchanging assets in the global markets while delivering creative and unique workflows catered to each asset class. 24 Exchange is operated by 24 Exchange Bermuda Limited and 24 Exchange Broker Limited which are regulated by the Bermuda Monetary Authority (BMA) for the purposes of conducting Digital Asset Business, pursuant to the Digital Asset Business Act.

More information is available at https://24exchange.com/

Media Contact:

Eric Andrus
KARV Communications for 24 Exchange
Email: [email protected]
Phone: +1 (212) 333-0275

SOURCE 24 Exchange