XTX Markets

History

← Previous revision Revision as of 19:32, 3 November 2025
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In July 2016, XTX Markets Limited became an [[Financial Conduct Authority|FCA]] authorized investment firm.<ref>{{Cite web |title=NewRegister |url=https://register.fca.org.uk/s/firm?id=001b000000ygSBnAAM |access-date=2025-01-02 |website=register.fca.org.uk}}</ref>
In July 2016, XTX Markets Limited became an [[Financial Conduct Authority|FCA]] authorized investment firm.<ref>{{Cite web |title=NewRegister |url=https://register.fca.org.uk/s/firm?id=001b000000ygSBnAAM |access-date=2025-01-02 |website=register.fca.org.uk}}</ref>
In December 2017, XTX Markets registered its first U.S. broker dealer, XTX Markets LLC. This followed the opening of the U.S. office in September 2017.<ref>{{Cite web |title=BrokerCheck – Find a broker, investment or financial advisor |url=https://brokercheck.finra.org/firm/summary/289846 |access-date=2025-01-02 |website=brokercheck.finra.org}}</ref>  
In December 2017, XTX registered its first U.S. broker dealer, XTX Markets LLC. This followed the opening of the U.S. office in September 2017.<ref>{{Cite web |title=BrokerCheck – Find a broker, investment or financial advisor |url=https://brokercheck.finra.org/firm/summary/289846 |access-date=2025-01-02 |website=brokercheck.finra.org}}</ref>  
In January 2018, XTX Markets moved its headquarters to the R7 building in London’s Kings Cross.<ref>{{Cite web |title=There’s nothing like XTX Markets’ London office |url=https://www.peldonrose.com/projects/xtx-markets-2023 |access-date=2025-01-02 |website=Peldon Rose |language=en}}</ref>
In January 2018, XTX Markets moved its headquarters to the R7 building in London’s Kings Cross.<ref>{{Cite web |title=There’s nothing like XTX Markets’ London office |url=https://www.peldonrose.com/projects/xtx-markets-2023 |access-date=2025-01-02 |website=Peldon Rose |language=en}}</ref>
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In January 2018, XTX Markets initiated the process to become a Systematic Internaliser following the implementation of MIFID II in order to provide liquidity to UK and EU clients in UK and EU equities markets.<ref>{{Citation |last=Lieverse |first=Kitty |title=The Scope of MiFID II |date=2017-01-12 |work=Regulation of the EU Financial Markets |url=https://doi.org/10.1093/law/9780198767671.003.0002 |access-date=2025-01-02 |publisher=Oxford University Press |doi=10.1093/law/9780198767671.003.0002 |isbn=978-0-19-876767-1|url-access=subscription }}</ref><ref>{{Cite web |last=D’Antona |first=John |date=2017-10-10 |title=XTX Markets to Opt In as a Systematic Internaliser |url=https://www.marketsmedia.com/xtx-markets-opt-systematic-internaliser/ |access-date=2025-01-03 |website=Markets Media |language=en-US}}</ref>
In January 2018, XTX Markets initiated the process to become a Systematic Internaliser following the implementation of MIFID II in order to provide liquidity to UK and EU clients in UK and EU equities markets.<ref>{{Citation |last=Lieverse |first=Kitty |title=The Scope of MiFID II |date=2017-01-12 |work=Regulation of the EU Financial Markets |url=https://doi.org/10.1093/law/9780198767671.003.0002 |access-date=2025-01-02 |publisher=Oxford University Press |doi=10.1093/law/9780198767671.003.0002 |isbn=978-0-19-876767-1|url-access=subscription }}</ref><ref>{{Cite web |last=D’Antona |first=John |date=2017-10-10 |title=XTX Markets to Opt In as a Systematic Internaliser |url=https://www.marketsmedia.com/xtx-markets-opt-systematic-internaliser/ |access-date=2025-01-03 |website=Markets Media |language=en-US}}</ref>
In October 2018, XTX Markets chose Paris as its European base following Brexit, with the launch and authorisation of XTX Markets SAS. XTX Markets SAS trades European equity and future markets, as well as being a Systematic Internaliser in EU stocks for EU clients.<ref>{{Cite web |last=McDowell |first=Hayley |date=2018-10-29 |title=XTX Markets opts for Paris European base post-Brexit |url=https://www.thetradenews.com/xtx-markets-opts-paris-european-base-post-brexit/ |access-date=2025-01-02 |website=The TRADE |language=en}}</ref>
In October 2018, XTX Markets chose Paris as its European base with the launch and authorisation of XTX Markets SAS. trades European equity and future markets, as well as being a Systematic Internaliser in EU stocks for EU clients.<ref>{{Cite web |last=McDowell |first=Hayley |date=2018-10-29 |title=XTX Markets opts for Paris European base post-Brexit |url=https://www.thetradenews.com/xtx-markets-opts-paris-european-base-post-brexit/ |access-date=2025-01-02 |website=The TRADE |language=en}}</ref>
In 2018, it was the third-largest liquidity provider in the global foreign exchange market by volume; with a 7.36% market share.{{r|eurm|bbg2}} The company had 11.5% market share in European equity markets.{{r|mktsm|reut2}} Other activities included taking a stake in Aquis Exchange and {{r|lse|ttn1|aqu}} setting up a foreign exchange ‘pricing engine’ in Singapore in conjunction with the [[Monetary Authority of Singapore]].{{r|ttn2|iam}}
In 2018, was the third-largest liquidity provider in the global foreign exchange market by volume; with a 7.36% market share.{{r|eurm|bbg2}} The company had 11.5% market share in European equity markets.{{r|mktsm|reut2}} Other activities included taking a stake in Aquis Exchange and {{r|lse|ttn1|aqu}} setting up a foreign exchange ‘pricing engine’ in Singapore in conjunction with the [[Monetary Authority of Singapore]].{{r|ttn2|iam}}
In 2019, XTX Markets became the largest foreign exchange spot liquidity provider globally.<ref>Euromoney magazine. (June 2019). “Euromoney FX Survey 2019 – results released”. [https://www.euromoney.com/article/b1fpv028mthbmy/euromoney-fx-survey-2019-results-released Euromoney website] {{Webarchive|url=https://web.archive.org/web/20210414113424/https://www.euromoney.com/article/b1fpv028mthbmy/euromoney-fx-survey-2019-results-released |date=14 April 2021 }} Retrieved 14 April 2021.</ref>
In 2019, XTX Markets became the largest foreign exchange spot liquidity provider globally.<ref>Euromoney magazine. (June 2019). “Euromoney FX Survey 2019 – results released”. [https://www.euromoney.com/article/b1fpv028mthbmy/euromoney-fx-survey-2019-results-released Euromoney website] {{Webarchive|url=https://web.archive.org/web/20210414113424/https://www.euromoney.com/article/b1fpv028mthbmy/euromoney-fx-survey-2019-results-released |date=14 April 2021 }} Retrieved 14 April 2021.</ref>

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