XTX Markets
XTX Markets is a leading algorithmic trading firm that provides liquidity in various markets globally and focuses on institutional clients. The company is known for its advanced computational techniques, significant market share, and strong philanthropic efforts.
Services
XTX Markets partners with institutional clients, counterparties, and trading venues globally to provide liquidity across various markets, including Equity, FX, Fixed Income, and Commodities. The company does not offer products or services to retail investors. It offers over-the-counter (OTC) liquidity in FX, metals, and equity products. Launched in late 2018, XTX Markets' Systematic Internaliser for European Cash Equities has become a significant platform, complemented by its single-dealer platform in the U.S. established in early 2021.
Operations and Technology
XTX Markets operates with a substantial technology infrastructure, including 400 petabytes of usable storage, 8.5 petabytes of RAM, and 25,000 top-end GPUs in its research cluster. The company utilizes modern computational techniques and state-of-the-art research infrastructure to quickly and efficiently analyze large datasets across markets. Every day, XTX Markets handles a trading volume of 250 billion USD, supported by 15 megawatts of renewably sourced power.
Market Presence
XTX Markets holds a prominent position in several markets. The firm has been recognized as a top 3 FX liquidity provider for e-Spot/Forwards from 2016 to 2022 by Euromoney. It commands over 18% of the pan-European lit cash equities market share as of FY2022 and is the largest European ELP Systematic Internaliser by volume from FY 2020 to 2022, according to Rosenblatt. Additionally, XTX Markets emerged as the largest Emerging Market FX provider in 2022.
Global Offices and Team
XTX Markets maintains a global presence with offices in London, New York, Singapore, Paris, Mumbai, and Yerevan. The company has a diverse team of over 200 people who collectively speak 26 different languages, reflecting its commitment to a collegial environment and culture where everyone is valued and treated as an individual.
Philanthropy and Sustainability
XTX Markets is committed to philanthropy and sustainability. Since 2020, the company has donated over £80 million to charities and good causes. It established a £15 million Academic Sanctuaries Fund to support Ukrainian students, researchers, and universities. The company also focuses on achieving environmental sustainability by purchasing carbon dioxide removal (CDR) credits equivalent to 15,874 tonnes of CO2 and pledging to remove all CO2 emissions and avoid energy use from fossil fuels.