Tag: 24 Exchange

24 Exchange Signs FX Global Code

Trading platform 24 Exchange has announced it now operates in accordance with the principles of the FX Global Code. The firm has signed a Statement of Commitment, pledging adherence to the Code, which was established in 2017 by the Global Foreign Exchange Committee, saying that its executive leadership will ensure all of the company’s operations […]

Scott Joins 24 Exchange

Alan Scott has joined FX ECN 24 Exchange as managing direct for EMEA. Based in London he moves from a role as CEO and founder of SmartMoney Dealing Solutions, prior to which he ran enterprise solutions for Integral Development Corp, having joined that firm from 360T where he was global head of product and liquidity […]

StanChart Invests in 24 Exchange, Takes Board Seat

24 Exchange has received a strategic investment from Standard Chartered, related to which, the bank’s global head of FX trading, Geoff Kot, will join 24 Exchange’s board of directors. The trading venue, which launched in late 2019, offers a central prime broker clearing model with Standard Chartered as the central clearer for the trading of NDFs. It plans […]

Redline Onboards 24 Exchange for NDF Trading

Redline Trading Solutions has announced today that 24 Exchange is now supported by its InRush Ticker Plant and Order Execution Gateway for its FX clients. Redline provides market data and order execution systems for automated trading, while 24 Exchange is an offshore OTC trading platform launched last year that offers NDF trading, although it plans […]

In the FICC of It

This week’s podcast starts with a bombshell that leaves Galen Stops reeling and lost for words before he and Colin Lambert get into the details with a look at the results of the first day of the Global FX Committee’s deliberations this week. Lambert highlights one of two challenges he believes the committee face, not […]

24 Exchange Goes Live

24 Exchange, a new offshore OTC trading platform launched by former FastMatch founder and CEO, Dmitri Galinov, is now live and open for trading. The first product available for trading is FX NDFs, although in a release issued today, 24 Exchange says that it expects to soon begin offering trading in additional FX derivatives and […]

Algos: Next Big Thing or Already There?

From a trader using their skills and multiple channels to execute client orders to a silent world of APIs and smart order routers, the execution process has changed almost beyond recognition over the past 20 years – but, as Colin Lambert finds out, not everyone sees algos as the next big thing in FX markets. […]

The Real Revolution: Data and the FX Market

From origination through trading to settlement, Colin Lambert argues that data has revolutionised the foreign exchange industry more than any other single factor. “Even 10 years ago I probably heard the word ‘data’ once a month,” says Kate Lowe, head of trade services at State Street. “Now? It’s 40 times a day. As an industry […]

In the FICC of It

News that FastmatchFX founder Dmitri Galinov is planning a return to the FX industry dominates this week’s podcast as Colin Lambert and Galen Stops chat through the challenges and opportunities for the fledgling platform, which leads into a broader discussion around the NDF market in general. Stops also recounts a meeting with an FX market […]

Galinov Seeks to Lure Liquidity with Low Cost Trading

Dmitri Galinov, the founder and former CEO of FastMatch, is preparing to launch a new platform, called 24 Exchange, which he claims will offer market participants a more cost–effective way to trade with one another. “The problem that we’re trying to solve with 24 Exchange is that the cost of technology over the past decade […]