Financial and Business News

24 Exchange Brings In Market Data Heavyweight to Power Its OTC Strategy

Tuesday, 02/12/2025 | 14:26 GMT by Tanya Chepkova
  • James W. Watson joins 24 Exchange as Head of OTC Market Data, taking responsibility for the firm’s data strategy.
  • Former TraditionDATA and NowCM executive steps into the role as 24 Exchange expands its trading model.
James W. Watson. 24 Exchange
James W. Watson. 24 Exchange

24 Exchange, a multi-asset trading platform, has named James W. Watson as its new Head of OTC Market Data. This move is part of the company’s plan to strengthen its data capabilities as it gets ready to offer extened-hours-trading.

Watson shared this week that he has taken on a new London-based role, joining the company's 24X Bermuda Limited subsidiary. The appointment comes at a pivotal time for 24 Exchange, which recently received SEC approval to become the first national exchange to operate on a 23/5 basis, with plans to expand further.

This hire shows 24 Exchange’s commitment to building a strong data infrastructure for its global, multi-asset trading platform. Reliable OTC market data is key for providing liquidity and accurate pricing in asset classes like FX Swaps and Forwards, which are core to the company’s services.

Watson brings years of experience in financial data. Before joining 24X, he spent over seven years at TraditionDATA, where he became Global Head of Data Sales & Marketing, and also worked as Chief Revenue Officer at NowCM.

“Growing client interest and recent market developments have created an opportunity for 24 Exchange to deliver an alternative cross asset market data solution for leading financial institutions. This genuinely unique new offering will showcase the strength of both our NDF business and the robust platform we’ve built for institutional trading. My role is to set a clear data strategy for this solution while exploring other compelling asset class offerings exclusive to 24X — and then move quickly to turn that strategy into a commercial reality,” Watson said, commenting on his new role.

His background in developing and selling data products fits 24 Exchange’s goal to offer strong data solutions for institutional clients. By hiring a data-focused leader like Watson, 24 Exchange is taking an important step toward its goal of changing traditional market hours and offering smooth access to FX and securities on its global trading platform.

24 Exchange, a multi-asset trading platform, has named James W. Watson as its new Head of OTC Market Data. This move is part of the company’s plan to strengthen its data capabilities as it gets ready to offer extened-hours-trading.

Watson shared this week that he has taken on a new London-based role, joining the company's 24X Bermuda Limited subsidiary. The appointment comes at a pivotal time for 24 Exchange, which recently received SEC approval to become the first national exchange to operate on a 23/5 basis, with plans to expand further.

This hire shows 24 Exchange’s commitment to building a strong data infrastructure for its global, multi-asset trading platform. Reliable OTC market data is key for providing liquidity and accurate pricing in asset classes like FX Swaps and Forwards, which are core to the company’s services.

Watson brings years of experience in financial data. Before joining 24X, he spent over seven years at TraditionDATA, where he became Global Head of Data Sales & Marketing, and also worked as Chief Revenue Officer at NowCM.

“Growing client interest and recent market developments have created an opportunity for 24 Exchange to deliver an alternative cross asset market data solution for leading financial institutions. This genuinely unique new offering will showcase the strength of both our NDF business and the robust platform we’ve built for institutional trading. My role is to set a clear data strategy for this solution while exploring other compelling asset class offerings exclusive to 24X — and then move quickly to turn that strategy into a commercial reality,” Watson said, commenting on his new role.

His background in developing and selling data products fits 24 Exchange’s goal to offer strong data solutions for institutional clients. By hiring a data-focused leader like Watson, 24 Exchange is taking an important step toward its goal of changing traditional market hours and offering smooth access to FX and securities on its global trading platform.

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24 Exchange
About the Author: Tanya Chepkova
Tanya Chepkova
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