24X Sets New Record for Single-Day FX NDF Trading Volume in Financial Markets

24X Achieves Record-Breaking FX NDF Trading Volume on March 5th

In a significant milestone for the financial sector, 24X Bermuda Limited, commonly known as 24X, has set a new record for daily trading volume in non-deliverable forwards (NDF) by surpassing $10.8 billion on March 5, 2026. This groundbreaking achievement underscores the platform's growing influence and capability within the global institutional trading sphere.

A Momentous Achievement

The surge in trading volume not only broke previous records but also highlighted the increasing dependence of institutional traders on 24X for their FX NDF requirements. The week ending March 6th saw remarkable trading activity, with an average daily volume of $9.7 billion, reaffirming the platform's reliability during a time of heightened market volatility.

Dmitri Galinov, CEO and Founder of 24X, expressed his satisfaction with the platform’s performance, stating, "These new records reflect our platform's ability to handle significant increases in trading activity. We were delighted to meet the demand from our global institutional users, especially amid the recent volatility seen across financial markets. Our commitment to catering to the needs of the world’s largest financial institutions is evident in the platform's capabilities."

Evolution of 24X

Since launching in 2019, 24X has developed a comprehensive multi-asset trading interface that allows market participants to execute trades across various asset classes more efficiently. In addition to NDFs, the company offers deliverable swaps, non-deliverable swaps, and spot trading services. By streamlining this access, 24X has positioned itself as a leader in enhancing market liquidity while minimizing trading costs.

The success witnessed on March 5 highlights a growing trend in the industry; as institutional traders seek more robust trading platforms capable of adapting to an ever-changing market landscape, 24X has emerged as a preferred choice. Increasing order inflow due to market volatility showcases the platform's resilience and versatility, central to its business model.

Features and Innovations

24X Bermuda Holdings LLC operates two primary subsidiaries, including 24X National Exchange LLC, which is notable for being the first national securities exchange approved by the SEC to operate for 23 hours each weekday. This unique operational structure allows for an extended trading window, catering to traders around the globe at any time.

A Commitment to Growth

The mission of 24X is clear: to enable cost-effective trading across an expanding array of asset classes available around the clock. By introducing innovative workflows tailored to the characteristics of each asset class, 24X continually lowers trade costs in global markets. Their success story emphasizes not only significant technological advancement but also a dedication to client-driven service.

For more detailed information about 24X and their offerings, interested parties can visit their website at 24exchange.com. Additionally, for insights on U.S. equities trading via approved broker-dealers, 24X National Exchange operates an informative site at equities.24exchange.com/home.

Conclusion

The record-breaking trading volume achieved by 24X is a testament to the platform’s strength and capability in the fast-paced world of financial trading. As markets continue to evolve, 24X is positioned to remain at the forefront, serving its institutional clients with unparalleled dedication.

For media inquiries, contact Eric Andrus at [email protected]