XTX Markets is a London based Algorithmic trading company focusing on foreign exchange and equities. The company was founded in 2015 by Alex Gerko. The company's primary service is to provide over-the-counter liquidity for foreign exchange, metal, and stock products. As a liquidity provider, the company provides customers with diverse sources of liquidity through its platform, enabling them to conduct transactions efficiently.
Development History
- In 2017, XTX Markets was founded by Alex Gerko and headquartered in London, UK.
- In 2018, XTX Markets became the third largest liquidity provider in the global foreign exchange market, with a market share of 7.36%.
- In 2019, XTX Markets became the world's largest provider of foreign exchange spot liquidity.
Branch Offices
XTX Markets has multiple branches that are authorized and regulated by different regulatory agencies. The branches are as follows:
- XTX Markets Limited: temporarily registered as a swap dealer with the Commodity Futures Trading Commission (CFTC) under the authorization and supervision of the Financial Conduct Authority (FCA).
- XTX Markets Trading Limited: authorized and supervised by the Financial Conduct Authority (FCA).
- XTX Markets LLC: registered as a broker dealer with the U.S. Securities and Exchange Commission (SEC) and located in New York.
- XTX Execution Services LLC: It is also registered as a broker dealer with the U.S. Securities and Exchange Commission (SEC), and its registered office is also located in New York.
- XTX Markets Pte Ltd: registered in Singapore and provides over-the-counter trading services.
- XTX Markets SAS: registered in France, is a French investment company and is regulated by French regulatory agencies ACPR and AMF.
Business Scope
- Algorithmic trading service: XTX Markets is a company focusing on Algorithmic trading, which provides customers with Algorithmic trading services in foreign exchange, stocks and other fields. Algorithmic trading is a way to automatically execute trading decisions through computers by using pre-programmed mathematical models and rules.
- Foreign exchange trading liquidity: As a liquidity provider, XTX Markets aggregates liquidity from multiple primary liquidity providers to provide customers with liquidity support for foreign exchange trading. This liquidity aggregation ensures that customers can obtain more competitive market quotes.
- Stock trading liquidity: In addition to foreign exchange, XTX Markets also provides liquidity support for stock trading. Through its platform, customers can obtain diversified over-the-counter trading liquidity for stock products.
- Over the Counter Trading Services: XTX Markets provides customers with over-the-counter trading liquidity for foreign exchange, metal, and stock products. This means that customers can engage in over-the-counter trading with XTX Markets instead of trading in the open market.
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