Trump tariff market mania is helping a variety of both retail and institutional trading platforms set volume records in recent weeks, with the latest being Bermuda domiciled OTC product trading platform 24 Exchange. 24 Exchange has announced that it set a new daily record for FX NDF trading volume on April 11, processing $7.5 billion in FX NDF trades for its global institutional users.
“This new record is a testament to the strength of our platform and the trust our global institutional users place in us,” said 24 Exchange CEO and Founder Dmitri Galinov. “The rapidly rising volume of daily trades reflects the premiere value our platform provides for our users to maximize liquidity efficiently. We look forward to increasing these numbers as 24 Exchange continues to innovate in the months ahead.”
24 Exchange, an affiliate of 24X National Exchange, also offers Swaps and Spot trading to institutional users in addition to NDFs. Since its launch in 2019, 24 Exchange’s multi-asset offering through a single trading interface has enabled market participants to access increased liquidity at lower cost.
About 24 Exchange
24 Exchange 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.
