24 Exchange has gone live with its first product, FX NDFs. The trading platform enables institutional market participants to anonymously exchange FX NDFs, creating an additional liquidity pool for the market. 24 Exchange claims to reduce the costs of exchanging financial assets for its participants and eliminates market data fees. The company delivers 24-hour access to liquidity for customers.

Dmitri Galinov, CEO and Founder of 24 Exchange, said: "24 Exchange is a robust alternative to the major exchanges that delivers an over-the-counter solution at significantly reduced prices with improved functionality. Unlike the major legacy exchanges, our new platform will offer 24-hour trading capabilities for an unmatched range of asset classes. In the interconnected world of today, it is essential to provide a low-cost market that is available 24 hours for participants to transact."

Through its partnership with Standard Chartered Bank, 24 Exchange offers a central prime broker clearing model that facilitates anonymity and lower margin costs for participants. 24 Exchange offers streaming NDF liquidity on standard contracts. The platform also facilitates broken dates NDF trading via request-for-stream (RFS) functionality. 24 Exchange expects to soon offer trading in additional FX derivatives and other asset classes to maximize the cost savings for its participants.