Beyond the daily peak, the exchange recorded a monthly average daily volume of $9.4 billion for July. The platform also saw a record-breaking day for the Korean Republic Won, clearing 7.1 billion in volume. CEO and founder Dmitri Galinov attributed the record figures to the platform's ability to maintain resilience under heavy order flow, positioning the firm as a primary liquidity source for global financial institutions.
24X Hits Record $14.7 Billion in Daily FX NDF Trading Volume
A surge in institutional activity pushed 24X Bermuda Limited to a new daily record of $14.7 billion in FX non-deliverable forward trades on July 31. This milestone eclipses the previous high of $12.2 billion set just three months earlier, signaling rapid growth in the platform's liquidity and global bank participation.
Since its 2019 launch, the Bermuda-based company has expanded its multi-asset offerings to include deliverable and non-deliverable swaps, along with metals and spot products. By consolidating these instruments into a single interface, 24X aims to lower transaction costs for institutional clients seeking around-the-clock market access. The company continues to operate under its 24 Exchange brand, which also manages the SEC-approved 24X National Exchange for U.S. equities.
Comments (0)
No comments yet. Be the first!