24 Exchange sets record daily FX NDF trade volume of $4 Billion
This milestone surpasses 24X’s previous daily volume record of $3.1 billion set last October at 24 Exchange.
This milestone surpasses 24X’s previous daily volume record of $3.1 billion set last October at 24 Exchange.
The launch of NDFs will allow LMAX clients to hedge their FX exposure against non-convertible currencies on a Central Limit Order Book.
24 Exchange processed more than $3.1B in FX NDFs for its global institutional customers on a single trading day last week.
The 24 Exchange platform’s February 2023 average daily FX NDF trading volume was 50% higher than the January 2023 ADV of $1 billion.