24 Exchange operates a single, always‑open trading platform that aggregates equities, FX non‑deliverable forwards and other securities into one interface. By combining exchange‑grade transparency, clearing and regulatory compliance with OTC‑style pricing, it offers institutional traders significantly lower fees and 24/7 market access. The service provides integrated order routing, real‑time data and post‑trade reporting for global asset managers and hedge funds.
Funding
$7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Market participants face high transaction costs and fragmented access because electronic trading venues are typically siloed by asset class, giving large exchanges pricing power that drives up fees.
Solution
24X provides a single, always‑open trading platform that aggregates multiple asset classes—including equities, FX non‑deliverable forwards (NDFs) and other securities—under one interface. By operating with an exchange model that incorporates the tighter pricing of over‑the‑counter markets, 24X can offer substantially lower fees while maintaining the transparency, clearing, and regulatory compliance of a traditional exchange. The platform supports continuous 24/7 trading, enabling global institutional users to execute large‑volume orders at any time. Its SEC‑approved 23/5 stock exchange structure and record‑setting FX NDF volumes demonstrate the ability to handle deep liquidity across markets. Clients access the service through a unified web portal and receive real‑time market data, order routing, and post‑trade reporting in a single workflow.
Target Audience
Primary customers are global institutional traders, asset managers, and hedge funds that require low‑cost, high‑liquidity access to multiple asset classes through a unified trading environment.
Features
- Multi‑asset trading interface covering equities, FX NDFs and additional securities
- Competitive, transparent fee schedule that undercuts traditional exchange pricing
- Continuous 24/7 market access with no downtime for settlement or clearing
- SEC‑approved 23/5 stock exchange framework ensuring regulatory compliance
- High‑capacity FX NDF engine capable of processing over $12 billion in daily volume
- Integrated order routing, real‑time market data, and post‑trade reporting in one platform
- Single point of contact for both equity and FX inquiries via dedicated sales channels