24 Exchange launches FX Non-Deliverable Swaps trading
NDS trading features Standard Chartered Bank as the single counterparty, and is accessible via the 24 Exchange platform GUI.
NDS trading features Standard Chartered Bank as the single counterparty, and is accessible via the 24 Exchange platform GUI.
24 Exchange, an affiliate of 24X National Exchange, also offers Swaps and Spot trading to institutional users in addition to NDFs.
The Dynamic Credit process allows counterparties to pre-set credit relationships and dynamically allocate available credit.
24 Exchange’s non-U.S. users are now able to both trade and immediately clear trades with LCH ForexClear.
24X National Exchange plans to be the first exchange to offer U.S. equities trading 23 hours-per-day on weekdays.
This milestone surpasses 24X’s previous daily volume record of $3.1 billion set last October at 24 Exchange.
24 Exchange processed more than $3.1B in FX NDFs for its global institutional customers on a single trading day last week.
Smart Money is a multi asset OTC Brokerage that enables intelligent trading of large positions and Synthetics, with 24 Exchange as LP.
The 24 Exchange platform’s February 2023 average daily FX NDF trading volume was 50% higher than the January 2023 ADV of $1 billion.
During 3 of the last 6 weeks, average weekly FX NDF trading volume on the 24 Exchange platform surpassed $1 billion.