24 Exchange Launches FX Swaps Trading
Reports Record Volumes for NDFs
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HAMILTON, Bermuda, April 15, 2021 /PRNewswire/ 24 Exchange, the multi-asset class trading platform, announced today that it has launched and traded the first anonymous interbank FX Swaps order book with streaming quotes.
The trade, conducted with 24 Exchange s central counterparty partner Standard Chartered Bank PLC, represents a landmark in this $3.2 trillion/day market.
In addition to the central counterparty option, bilateral trading for short tenors is also available. Trading in the one-week tenor – the most liquid part of the market which accounts for around 65% of transacted volume – is free on the 24 Exchange platform.
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