24 Exchange Introduces FX Swaps for Institutional Traders in Collaboration With Standard Chartered

24 Exchange launched FX Non-Deliverable Swaps, promising institutional traders a better way to navigate major non-deliverable currency pairs.

According to the company, this expansion builds on the growing demand for FX Non-Deliverable Forwards (NDFs) and adds to 24 Exchange's suite of liquidity access offerings.

“We're excited to bring Non-Deliverable Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term to our platform, leveraging the strong demand and engagement we've seen from our institutional users in the NDF space,” said 24 Exchange CEO and Founder Dmitri Galinov.

“This launch reflects our continued focus on broadening access to innovative FX products through cost-efficient, technology-driven solutions that enable users to maximize liquidity efficiently,” he added.

Expanding FX Offerings with Non-Deliverable Swaps

The introduction of FX Non-Deliverable Swaps on 24 Exchange offers an advanced trading experience, mirroring the platform's existing Non-Deliverable Forwards (NDFs) functionality.

The product’s integration into the platform’s existing infrastructure ensures that users can access it seamlessly through the same graphic user interface and API as other FX offerings. Notably, Standard Chartered Bank serves as the sole counterparty for these swaps, maintaining the reliability that financial institutions rely on.

The addition of NDS trading complements 24 Exchange's strong performance in the FX space, as evidenced by a recent record-setting day of $8.2 billion in NDF trading volume.

More Institutional FX Offerings

Beyond NDS, 24 Exchange also provides other FX products like deliverable FX Swaps, Spot trading, and NDFs, which have attracted a growing user base since the platform's launch in 2019.

Additionally, 24 Exchange is also preparing for the launch of its 24X National Exchange in the second half of 2025. This groundbreaking exchange will be the first of its kind to offer U.S. securities trading for 23 hours each workday, allowing both retail and institutional investors around the world to trade U.S. equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term seamlessly.

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Last year, 24 Exchange entered the US market after obtaining approval from the Securities and Exchange Commission to operate a securities exchange in the country.

In a report by FinanceMagnates.com, the approved platform was named 24X National Exchange, and enables the trading of US securities for 23 hours each workday, supporting extended trading hours.

“Traders are most at risk when the market is closed in their geographic location,” commented 24 Exchange’s CEO and founder, Dmitri Galinov. “24X National Exchange will seek to alleviate this problem by facilitating around-the-clock US equities trading for broker-dealers and their institutional and retail customers.”