Multi-asset trading venue 24 Exchange has selected financial markets data science firm FairXchange for independent execution analytics.

24 Exchange, which launched in 2020, offers all the benefits of an exchange combined with the tighter pricing and lower cost benefits of OTC trading. FairXchange’s Horizon will analyse all relevant transaction and pricing data across the 24 Exchange platform in order to facilitate mutually profitable data-driven discussions with its liquidity providers and liquidity consumers.

Dmitri Galinov, 24 Exchange CEO and Founder said: “We are very pleased to be joining with the data analytics experts at FairXchange. The real-time insights and information the company’s Horizon product provides will enhance 24X’s ability to assess performance and improve the efficiency of our robust institutional-grade platform.”

Guy Hopkins, Founder & CEO, FairXchange added, “24 Exchange is an exciting new entrant to the market, with an impressive multi-asset platform and a highly experienced team. We are delighted to have been selected to provide them with accessible, independent performance data in order to optimise execution and deliver commercial benefits for all counterparties. FairXchange has been appointed as FX data experts but our partnership with 24 Exchange can be expanded into new instruments and asset classes in the future.”

FairXchange specialises in microstructural analysis of financial markets and brings clarity and transparency to execution performance through the provision of independent data. FairXchange is completely independent and has no affiliation with any Liquidity Providers or trading venues.

About 24 Exchange

24 Exchange is a multi-asset class trading platform that allows market participants to exchange their exposures at the lowest possible cost. 24 Exchange’s mission is to enable members to initiate the most cost-effective trades across a growing range of asset classes, 24 hours a day. 24 Exchange lowers the cost of exchanging assets in the global markets while delivering creative and unique workflows catered to each asset class. 24 Exchange is operated by 24 Exchange Bermuda Limited. 24 Exchange Bermuda Limited is regulated by the Bermuda Monetary Authority for the purposes of conducting Digital Asset Business, pursuant to the Digital Asset Business Act.