24 Exchange Bermuda LTD

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24 Exchange LTD
Founded 2019
Headquarters Hamilton, B
Key People Dmitri Galinov, Founder & CEO, Jason Woerz, President

24 Exchange Bermuda LTD is a financial technology company that operates a digital trading platform for foreign exchange (FX) products. Founded in 2019 and headquartered in Hamilton, Bermuda, 24 Exchange goals are to to modernize and streamline FX trading by offering a transparent and efficient electronic marketplace. It also has applied to the U.S. Securities and Exchange Commission to create a new 24-hour national securities exchange.[1]

The company's platform leverages innovative technology to provide market participants with access to a wide range of FX instruments, including spot, swaps, and non-deliverable forwards (NDFs). It caters to institutional clients such as banks, hedge funds, asset managers, and proprietary trading firms.


24X listed FX NDFs in January of 2021, trading $300 million that first month. In October of 2023, 24X announced it had traded $3.1 billion FX NDFs in a single day.[2]

Products and Services[edit]

24X Exchange offers brokerage services for trading NDFs, FX spot, and swaps with a focus on streamlining liquidity access and workflow efficiency. Utilizing a single central dealer model, the platform provides a fully anonymous pool of liquidity, competitive spreads, and configurable liquidity options for NDFs. For FX spot trading, 24X Bermuda offers executable streaming prices, customized liquidity management, and complete anonymity. Similarly, for FX swaps, the platform provides an anonymous electronic brokerage interface with support for various order types and a unique credit management solution. Access to brokerage services is facilitated through FIX API, order entry, market data, direct STP, as well as web and downloadable desktop GUI and mobile app interfaces.

Key People[edit]