XTX Markets

From Wikipedia, the free encyclopedia

XTX Markets
IndustryElectronic liquidity provider
Founded30 January 2015[1][2][3][4]
FounderAlexander Gerko[1][2][3][4]
Headquarters
London[4]
Productsequities/foreign exchange/commodities/fixed income/derivatives [4]
Number of employees
151[4]
WebsiteXTX Markets

XTX Markets is an algorithmic trading company. It was founded on 30 January 2015 by Alexander Gerko who is currently co-CEO alongside Zar Amrolia.[5][4][1]

History[]

The company was founded by Gerko in 2015, based in London.[6] It was a spin-off GSA Capital.[7][8]

In 2016, XTX Markets was the ninth-largest liquidity provider in the foreign exchange market by volume; with a 3.87% market share.[9][10] It was the first time a company that is not a bank placed in the top ten of the Euromoney survey.[11][9] It is part of a trend of non-bank traders taking market share from banks.[12]

In 2017, the company became a non-clearing member of the London Stock Exchange.[13]

In 2018, it was the third-largest liquidity provider in the global foreign exchange market by volume; with a 7.36% market share.[9][14] The company had 11.5% market share of European equity markets.[15][16] Other activities included taking a stake in ,[17][18][19] setting up a foreign exchange 'pricing engine' in Singapore in conjunction with the Monetary Authority of Singapore[20][21] and announcing it would be opening an 'EU hub' in Paris.[5][22]

In 2019, XTX became the largest FX spot liquidity provider globally.[23]

In March 2020, XTX donated over £20m to charities fighting the effects of COVID-19 including NHS Charities Together, City Harvest and the AP-HP hospital.[24]

Products[]

XTX is a quantitative-driven electronic liquidity provider which partners with counterparties, exchanges and e-trading venues globally to provide liquidity in the equity, foreign exchange, fixed income and commodity markets.[25]


In 2018, XTX decided to opt into the systematic internaliser regime for European equities.[26] In November 2019 XTX became the largest systematic internaliser by volume for European equities.[27]

In 2019, the company grew its market share in the U.S. and expanded into providing liquidity in U.S. Treasuries.[28]

In March 2021, the company began offering a single dealer platform for U.S. equities.[29]

References[]

  1. ^ a b c "Log In". lists.fnlondon.com. Retrieved 24 November 2018.
  2. ^ a b "XTX Markets - Mix Interiors". Mixinteriors.com. 18 April 2018. Retrieved 24 November 2018.
  3. ^ a b Finextra (2 October 2017). "XTX Markets to opt-in as a Systematic Internaliser under MiFID II". Finextra.com. Retrieved 24 November 2018.
  4. ^ a b c d e f Ltd., XTX Markets. "XTX Markets". www.xtxmarkets.com. Retrieved 24 November 2018.
  5. ^ a b "Subscribe to read". Financial Times. Retrieved 24 November 2018. {{cite web}}: Cite uses generic title (help)
  6. ^ Agini, Samuel. "Trader XTX Markets picks Paris for post-Brexit EU hub". Fnlondon.com. Retrieved 24 November 2018.
  7. ^ Agini, Samuel. "City heavyweights back Aquis Exchange IPO". Fnlondon.com. Retrieved 24 November 2018.
  8. ^ "An exclusive look at XTX Markets' new London office is a glimpse of the workplace of the future — Quartz". qz.com.
  9. ^ a b c "FX Survey 2016: Overall results". Euromoney. Retrieved 24 November 2018.
  10. ^ "A Computerized Trader Just Beat Banks in Top Currency Ranks". Bloomberg.com. 25 May 2016. Retrieved 24 November 2018.
  11. ^ McGeever, Jamie. "Citi tops Euromoney global FX poll again, but big banks lose grip". Reuters.com. Retrieved 24 November 2018.
  12. ^ Wilkes, Tommy. "Newer firms muscle in on banks' forex territory". Uk.reuters.com.
  13. ^ "London Stock Exchange welcomes XTX Markets". Lseg.com. Retrieved 24 November 2018.
  14. ^ "JPMorgan Dethrones Citigroup to Become Biggest Currency Trader". Bloomberg.com. 30 May 2018. Retrieved 24 November 2018.
  15. ^ "Instinet Adds XTX Markets To SI Liquidity Aggregation - Markets Media". Marketsmedia.com. 5 November 2018. Retrieved 24 November 2018.
  16. ^ Editorial, Reuters (29 October 2018). "Trading firm XTX picks Paris for post-Brexit EU hub". Reuters.com. Retrieved 24 November 2018.
  17. ^ "Aquis Exchange PLC - London Stock Exchange". www.londonstockexchange.com. Retrieved 24 November 2018.
  18. ^ "Aquis doubles market share after predatory HFT ban - The TRADE". Thetradenews.com. 1 March 2016. Retrieved 24 November 2018.
  19. ^ "The Trade: Aquis to ban predatory HFTs - Aquis". Aquis.eu. 3 February 2016. Retrieved 24 November 2018.
  20. ^ "London-based market maker first to establish FX trading engine in Singapore - The TRADE". Thetradenews.com. 24 May 2018. Retrieved 24 November 2018.
  21. ^ "XTX Markets to be first liquidity provider to set up FX trading engine in Singapore". Institutionalassetmanager.co.uk. 24 May 2018. Retrieved 24 November 2018.
  22. ^ "Brexit : la plateforme de trading XTX Markets choisit Paris". Latribune.fr. Retrieved 24 November 2018.
  23. ^ Euromoney magazine. (June 2019). "Euromoney FX Survey 2019 – results released". Euromoney website Retrieved 14 April 2021.
  24. ^ Hayley McDowell. The Trade reporter. (27 March 2020). "XTX Markets commits £20 million to charities fighting coronavirus". The Trade website Retrieved 14 April 2021.
  25. ^ Nessim Ait-Kacimi. Les Echos reporter. (6 May 2021). "XTX, le trader numéro 1 mondial des devises". Les Echos website Retrieved 10 May 2021.
  26. ^ Markets Media. (10 October 2017). "XTX Markets to Opt In as a Systematic Internaliser". Markets Media website Retrieved 14 April 2021.
  27. ^ Hayley McDowell. The Trade reporter. (21 November 2019). "XTX Markets overtakes Citadel Securities and Tower Research as largest ELP SI in Europe". The Trade website Retrieved 14 April 2021.
  28. ^ Lananh Nguyen. Bloomberg reporter. (30 January 2019). "An Upstart Market Maker Is Looking to Ramp Up in U.S. Equities and Treasuries". Bloomberg website Retrieved 14 April 2021.
  29. ^ Lananh Nguyen. Bloomberg reporter. (8 April 2021). "XTX Markets Opens U.S. Dark Pool After Growth in European Stocks". Yahoo Finance website Retrieved 8 April 2021.
Stub icon

This article about a financial services company in the United Kingdom is a stub. You can help Wikipedia by .

  • v
  • t
Retrieved from ""