FXCH operates a real time netted Clearing House model for institutions that trade digital assets on multiple exchanges and OTC venues.
The investment will support 24 Exchange’s expansion to encompass additional asset classes, including equities and crypto.
24X National Exchange would enable trades in U.S. equities with a minimum increment of one one-thousandth of a share.
Cristian Arellano, based in New York, has worked in brokerage and trading for nearly 20 years at firms including ICAP and BGC Partners.
24 Exchange also announced that it set a new monthly record NDF ADV (single-counted) in March of $456 million.
24 Exchange said that it will begin publishing to its website monthly figures for FX NDF trading volume on the company’s platform.
Julie Ros, who ran Profit & Loss for 20 years, will lead the branding and business development efforts at 24 Exchange.
24 Exchange’s FX Spot trading product will go to six decimal places, an innovation over the five decimal places currently offered.
FNG Exclusive… FNG has learned that well-known and experienced FX industry executive Tim Cartledge has joined the board of directors […]
Dmitri Galinov’s new FX derivatives exchange 24 Exchange took a step forward with the addition of a number of Director […]