#Bermuda #Hamilton #24 Exchange #FX Trading #FX NDS

24 Exchange Introduces FX Non-Deliverable Swaps Trading Option

In a significant step towards enhancing its foreign exchange (FX) offerings, 24X Bermuda Limited, commonly known as 24 Exchange, has officially launched trading for FX Non-Deliverable Swaps (NDS). This new product swiftly aligns with the company’s commitment to providing innovative solutions for institutional investors seeking to navigate the complexities of the FX market.

Product Launch Details

The introduction of FX Non-Deliverable Swaps marks a pivotal expansion for 24 Exchange. The company has made this new trading option available across major non-deliverable currency pairs, which will play a crucial role in ensuring financial institutions gain better access to liquidity. Dmitri Galinov, the CEO and Founder of 24 Exchange, expressed his enthusiasm regarding the new product, stating, “We’re excited to bring Non-Deliverable Swaps to our platform, leveraging the strong demand and engagement we’ve seen from our institutional users in the NDF (Non-Deliverable Forwards) space.”

This product launch reflects 24 Exchange's focus on broadening access to unique FX products, thus providing technology-driven solutions that enhance liquidity at competitive pricing levels. The NDS trading option is designed to work seamlessly within the existing framework of the 24 Exchange trading platform, mirroring the streamlined functionality and workflows currently seen in the FX Non-Deliverable Forwards trading.

User Experience and Functionality

The new FX NDS product is accessible through a user-friendly and highly efficient graphic user interface (GUI). Financial institutions looking to access this product can benefit from the same API that supports other FX products. This ensures ease of access while maintaining the high standards of service and technology that 24 Exchange is known for. Such seamless access helps institutional traders quickly execute transactions without being hindered by technological barriers.

Record Trading Volume

This announcement arrives shortly after 24 Exchange captured attention in global FX markets with record trading volumes. Just last week, the platform achieved a remarkable total of $8.2 billion in NDF trading on a single day. This record demonstrates the growing role of 24 Exchange and its impact within the forex trading sphere, further solidifying its position as a leader in FX trading solutions.

In addition to NDS, 24 Exchange continues to provide other trading options including NDF and deliverable FX swaps, thus catering to a broad range of institutional trading needs. The company, launched in 2019, has remained committed to facilitating increased liquidity and reducing costs in asset trading via its multi-asset platforms, further empowering market participants.

Future Expansion Plans

Looking ahead, 24 Exchange is also progressing toward establishing the 24X National Exchange, which is poised to become the first stock exchange approved by the U.S. Securities and Exchange Commission to facilitate trading of U.S. securities for 23 hours each weekday. This initiative will enable both retail and institutional clients globally to trade U.S. equities through appointed broker-dealers. The anticipated launch of this exchange is set for the latter half of 2025, which promises trading opportunities from 4 AM ET to 7 PM ET, thus accommodating a diverse user base across time zones.

Conclusion

The launch of FX Non-Deliverable Swaps on the 24 Exchange platform not only reflects the company’s robust approach but also signifies a growing trend towards more flexible and innovative trading solutions in the global FX space. By focusing on providing cost-efficient and accessible trading options, 24 Exchange is undoubtedly positioning itself at the forefront of the evolving financial landscape. Investors and traders alike will benefit from the enhanced liquidity and advanced technology that these new offerings bring to market, establishing 24 Exchange as a leader in forex trading solutions.

For more insights on how to take advantage of these offerings or to learn more about 24 Exchange's innovations, visit their official website at 24 Exchange.