24 Exchange Hits New Daily Peak

24 Exchange says it has hit a new high in FX NDF turnover of $1.476 billion on October 21. Additionally, the exchange says it hit a record weekly volume of $1.175 billion from October 17-21, 2022.

It adds that during three of the last six weeks, average weekly FX NDF trading volume on the platform surpassed $1 billion. Across the first nine months of 2022, the exchange recorded average daily NDF volumes of just over $600 million, but set a new high-water mark in September at $872 million per day.

“The recent growth of our NDF platform is a testament to our unwavering attention to providing our clients with the best possible trading experience and platform,” says Jason Woerz, president of 24 Exchange. “At 24 Exchange, our highest priority is understanding and meeting the needs of our institutional clients who are seeking access to optimal liquidity through our expanding range of trading workflows. We continue to tailor our set of offerings to create a one-of-a-kind trading experience with unparalleled market access and lower costs.”