Standard Chartered Invests in 24 Exchange and Joins Board
24 Exchange has received a strategic investment from Standard Chartered. Geoff Kot, Standard Chartered's Global Head of FX Trading, Geoff Kot, will join 24 Exchange's Board of Directors.
In NDFs Standard Chartered acts as a central clearer for 24 Exchange. The partnership solves the current regional liquidity fragmentation issues while creating a unique, single liquidity pool for NDFs for customers across the globe.
Dmitri Galinov, CEO and founder of 24 Exchange, said, "Standard Chartered Bank has already proven to be a great strategic partner as our central clearer and trading participant. We look forward to expanding our partnership and to benefiting from Geoff's considerable experience, insights and counsel as a member of our Board."
Geoff Kot, Global Head FX trading for Standard Chartered, said, "We are excited about this strategic partnership….working with 24 Exchange to promote innovation and continued evolution in FX markets. Dmitri and his team have a wealth of experience in leveraging technology effectively across different asset classes, and this offering aligns with our strategy to continue to provide improved pricing and liquidity for our clients and counterparties."