#Bermuda #Hamilton #FX NDF #24X Bermuda Limited #KRW Trading

24X Achieves New Trading Volume Milestones

In a remarkable display of growth, 24X Bermuda Limited has set a record for foreign exchange non-deliverable forward (FX NDF) trading volume. On July 31, 2026, the company processed over $14.7 billion in FX NDF trades for its global institutional clients, surpassing the previous record of $12.2 billion set just three months earlier. This significant achievement showcases the company's commitment to providing a robust trading platform for some of the largest financial institutions worldwide.

24X's expansion continues as it also recorded a new monthly average daily volume (ADV) for July exceeding $9.4 billion. Furthermore, the firm established a remarkable daily trading record for the Korean Republic Won (KRW) with a volume of $7.1 billion. This accomplishment indicates a rising demand for FX NDF products and demonstrates the firm’s growing influence in the foreign exchange market.

Dmitri Galinov, CEO and Founder of 24X, remarked on the importance of these milestones, stating, "Handling increasing FX NDF volume records for some of the largest global financial institutions is precisely why we built the 24X platform. Our resilient platform has repeatedly and consistently proven its ability to serve surging order flow and has become one of the largest liquidity sources for global banks that trade FX NDFs."

The record volumes further establish 24X as a crucial player in the liquidity market, enhancing its market data offerings, which are increasingly recognized as indispensable tools for clients navigating the fast-paced global trading environment. The company prides itself on meeting the industry's expectations for uninterrupted trading across different time zones, and these latest records affirm the effectiveness of this aim.

Background on 24X

Founded in 2019, 24X Bermuda Holdings LLC operates two principal subsidiaries: 24X Bermuda Limited and 24X National Exchange LLC. The latter is celebrated as the first national securities exchange approved by the U.S. Securities and Exchange Commission (SEC) to function 23 hours a day on weekdays. Together, these subsidiaries facilitate the efficient and cost-effective exchange of currency exposures and securities, moreover broadening the accessibility for institutional and retail clients alike.

In addition to FX NDFs, 24X offers a diverse suite of products, including Deliverable Swaps, Non-Deliverable Swaps, as well as Metals and Spot trading options. The firm is dedicated to providing a seamless trading experience through a consolidated interface, lowering costs for market participants while enhancing liquidity—a combination that has attracted numerous institutional clients.

Looking Ahead

As 24X continues to demonstrate its ability to handle increasing volumes and offer innovative solutions tailored to market needs, its steering towards future enhancements in trading technology and liquidity provision remains a key focus. These extraordinary volume records signify a promising trajectory for 24X, laying the foundation for further growth in the dynamic environment of international finance.

Conclusion

The recent trading milestones achieved by 24X are indicative of a broader trend in the financial markets, showcasing not only the company's prowess but also the growing importance of advanced trading platforms in the realm of FX NDFs. With the demand for liquidity on the rise, 24X is poised to play a vital role in shaping the future of trading in the global financial markets.