XTX MARKETS

Welcome to
XTX markets

We are a leading algorithmic trading firm which seeks to automate all aspects of our business.

Our mission is to be the leading financial technology firm for fair and efficient markets.

We partner with institutional clients, counterparties and trading venues globally to deliver liquidity in the Equity, FX, Fixed Income, and Commodity markets.

We do not offer products/services to retail investor clients. 

  • Team of 143 people / 26 languages spoken
  • 3rd largest FX liquidity provider globally (Euromoney 2020)
  • Over 13% pan-European lit cash equities market share (Cboe website/XTX own figures Q1 2020)
  • Largest European ELP Systematic Internaliser by volume (Rosenblatt Q4 2019-Q1 2020)
  • Offices in London / New York / Singapore / Paris / Mumbai

innovation-driven
algorithmic trading firm

60
Petabytes
of usable storage 
1
Petabyte
of RAM 
15
Pflops
in our research cluster 
1.4
Megawatts
of renewably sourced power 
250
Billion USD
Daily trading volume 

At XTX Markets we leverage the talent of the people who work here, modern computational techniques and state-of-the-art research infrastructure to analyse large data sets across markets quickly and efficiently, to maximise the effectiveness of our proprietary trading algorithms.

We are a small organisation with a collegial environment and culture where everyone is valued and is treated as an individual, enabling us to be more agile than our competitors.  

XTX MARKETS

Working at XTX

We rely on bright, inquiring minds to keep us at the forefront of our industry.

We have a flat structure and all ideas are evaluated and, if workable, are prioritised and supported for implementation. Anyone can question or opine on new ideas with the CEO's, or anyone else within the firm. Every day there is something new happening and a fresh challenge to overcome. We reward creativity, we strive for a culture of collaborative energy and understand the importance of downtime.

We have a great working environment with awesome facilities like gyms, bars, kitchens and games rooms.

It’s cutting-edge work in a fast-paced world and it can be challenging, but if you’re capable and motivated, then we would love to hear from you.

Our teams

The quant research team is responsible for the design and estimation of the statistical models behind all of our trading.

This is a very challenging task due to the highly competitive and continuously changing nature of financial markets.

The data we use consist of trillions of noisy observations. To make sense of it, we deploy state of the art machine learning techniques and have at our disposal a large cluster of computational resources.

My favourite aspects of the job are the technical challenges it presents, the opportunities it offers to keep learning, and how collegiate and collaborative the team is.

Dmitry
Quant Research

Our team works closely with the quant team to take models from a MATLAB prototype to trading tens of thousands of instruments on nearly a hundred exchanges around the world. We’re a small, close-knit team and we cover the entire tick-to-trade flow, from processing incoming market data to evaluating trading signals to submitting orders.

Our systems have to be able to process an incredible amount of incoming data in real-time without queueing, with market data from major exchanges frequently amounting to tens of gigabits per second. No technology is off-limits to us, we’ll use whatever is the best tool for the job, although our favourite languages are C++ and Python.

James
Exchange Trading Development

The OTC trading development team builds XTX's client-facing/OTC platforms. Our OTC market-making system offers continuous liquidity across multiple asset classes and thousands of instruments. It speaks around a hundred market data and trading protocols. We also build a range of in-house systems for real-time performance monitoring and analysis of XTX's trading activity, which generates millions of events per second.

Our team is drawn from a range of financial and non-financial backgrounds. We specialise in building high performance, highly available distributed systems. We are given a high degree of autonomy to meet requirements with the software and hardware that we see fit.

Paul
OTC Trading Development

Our team is responsible for the Core Technology platform, supporting all aspects of the firm’s post-trade activities and primarily developed in Go. We maintain highly-available real-time systems and a host of tools, jobs, services and GUIs to enable us to operate effectively in a highly automated way. The broad range of functions we support means we collaborate with almost every department in the firm.

What I value most about working at XTX is the firm’s commitment to quality software engineering. We look to build solutions that stand the test of time and scale with the needs of the business.

Richard
Core Development

Our team oversees XTX’s automated trading across all asset classes globally ensuring that our systems are operating as expected and we continue to provide quality liquidity into the markets and for our clients.

We closely monitor real world events and their impacts on markets and our strategies. We also have a focus on improving the monitoring and analytic tools that are scaleable and highly automated which in turn enables us to supervise our trading of tens of thousands of instruments on multiple markets in real-time.

What do I most enjoy about my role? It’s the exciting and fast-paced setting combined with our wide-ranging responsibilities. One moment there could be market risks to manage during stressed market conditions, the next there could be a post trade analysis task to further optimise our trading set up on a particular venue or the next moment we could be liaising with senior management, trading developers or the operations team to keep the business running smoothly around the clock.

Yuhan
Trading Analysts

The infrastructure group builds, looks after and improves three types of technology infrastructure. We need our general office and datacentre environment to always work and scale with our rapid growth. Our trading colocations are expressions of precise and deterministic computational performance. Our research cluster has doubled in size every year, and achieves unbridled storage and compute width.

Our group consists of experts in linux, storage, network, windows, database, technologies and procurement, and given the scale of what we manage, we rigorously automate and solve our problems with code. Even with 25 years’ experience in computational finance, at XTX I learn new technologies directly or from my colleagues every single day I work.

Oli
Infrastructure

The business developement team builds and maintains relationships with our trading partners along with expanding our product and geographical reach. Business development is an extremely diverse role and the variety keeps things interesting and challenging.

One day I’ll be talking to the CEO of an exchange about business strategy and the next I’ll be delving into the minutiae of market microstructure enhancements or describing execution performance with a client.

Prior to joining XTX, I tended to be siloed into one product or area but here at XTX, I feel valued as a firmwide contributor and get involved in every aspect of the business. I really appreciate being part of this team ethic.

Jigar
Business Development

The distribution team is responsible for building and maintaining institutional client relationships at the firm. We work with a number of different client types (hedge funds, real money managers, regional banks and retail aggregators) across a number of different asset classes (FX, metals and cash equities).

I enjoy the role as each client’s needs are unique and we explain not just what the firm can deliver for them in terms of XTX‘s market leading liquidity but also how market microstructure works, how to better manage their liquidity, how regulations are evolving and how using data analytics can help them to lower their cost of execution.

I also really enjoy working closely with the trading analyst and quant teams to help solve any client queries.

Kristen
Distribution

The onboarding team works with external clients, platforms and vendors on integration to facilitate trading of our OTC products.

Dealing with technical integrations, while working closely with external clients, has always ticked the boxes for me personally, and it’s great to go home at the end of the day knowing that we have delivered solutions to our business and clients.

Every day is different and although there are never enough hours in the day, I’m one of those people who enjoy working in a busy and productive environment. The firm is highly collaborative and the hierarchy and bureaucracy that can hinder other companies is non-existent, meaning that I am trusted to do my best and to enact change and progress. I have never been as productive as I am here and I put this down to being given the responsibility and environment in which I can flourish.

Christine
Client Onboarding

The operations team supports our cross-asset operations, reconciling and checking that the millions of trades we transact are accounted for and confirmed with all of our counterparties on a real-time basis. The team also ensures our risk exposures and positions with each of our counterparties are being managed correctly. We have developed robust, scalable solutions and are constantly improving our efficiency as a result, whilst maintaining absolute accuracy with our data and reporting.

It is challenging work in a fast-paced environment, where no two days are ever the same and, for me, this is what it’s all about. I enjoy seeing processes I have refined being implemented and seeing the immediate results.

Sherine
Operations

The Legal Department is responsible for managing and mitigating XTX’s legal risk and is closely integrated with the business. We have a very diverse range of work and responsibilities including documenting agreements with all external counterparties, overseeing the governance and management of all XTX group corporate entities, assisting with the interpretation and implementation of upcoming regulation and legislation, due diligence and execution of investments by XTX Ventures, representing XTX on various industry working groups and advising the business on all manner of legal queries.

XTX is at the forefront of the technological innovation occurring in financial markets which means that we also need to be innovative, commercial and practical in the advice that we provide. The work is intellectually challenging, often ground breaking, and we operate in a highly collaborative and fast-paced environment, working closely with all departments and senior management to achieve the firm’s objectives.

Sunil
Legal

The Compliance Department at XTX is a global function which is integrated with XTX’s businesses, and includes experienced team members based in each XTX trading entity. The Compliance team have diverse backgrounds which include experience working in financial markets as practitioners in regulation, trading, technology, governance, decisional science and, of course, compliance. Together we deploy our collective knowledge and judgement to advise our colleagues on the regulatory and compliance requirements that impact XTX.  

I really enjoy the diverse nature of the work which touches all aspects of XTX business: advising the XTX businesses on regulatory and exchange rule requirements, conferring upon and approving proposed controls frameworks, monitoring the on-going business and controls and reporting to XTX management on the effectiveness of XTX’s control environment. We also manage interactions with our regulators in each jurisdiction, striving for pro-active engagement which is open, cooperative and collaborative. We operate a comprehensive compliance programme which includes advisory, risk assessment, monitoring, surveillance and on-going training, targeted to the risks associated with XTX’s operations.

Our team works with our colleagues at XTX in meeting our collective goals of adhering to the highest standards of market and personal conduct, and to maintain XTX’s reputation as a well-controlled and fair market participant. 

Sofia
Compliance

The role of the Risk team is to support and independently challenge the firm’s management of risk, and to provide direction on the design and operation of the overall risk framework. XTX is an extremely risk-focussed firm, and risk awareness is integral to the way every team operates.

The main risks faced by XTX are operational and market-related. Good risk management depends on the close consideration of problems from different angles, and the team have backgrounds in maths, computer science and economics. This mix of disciplines enables us to select appropriate data sources to prove or disprove assertions, collaboratively asking “what if…?”, and using the resulting insights to test business assumptions.

For me, the role combines two areas of deep interest: I spent the first decade of my career in IT as a programmer, and the last ten years have been in Risk. The work at XTX is very varied, the people are super-bright, and the flat hierarchy means that decisions can be taken and implemented very rapidly. It’s a great place to work.

Andrew
Risk

As a team, we are responsible for the control of the firm’s assets, ensuring regulatory capital and liquidity requirements across multiple entities are met as well as financial reporting and forecasting. We have great data quality provided by our Core Development and Operations teams which allows us to work closely with those teams to automate processes and make changes to improve efficiency and deliver meaningful analytics for more informed decision-making at XTX.

We are always looking for better solutions to build a more intelligent ecosystem. The environment is very fast paced and there are always new challenges to tackle. I enjoy learning new skills and growing along with the firm.

Tianyang
Finance
Dmitry

The quant research team is responsible for the design and estimation of the statistical models behind all of our trading.

This is a very challenging task due to the highly competitive and continuously changing nature of financial markets.

The data we use consist of trillions of noisy observations. To make sense of it, we deploy state of the art machine learning techniques and have at our disposal a large cluster of computational resources.

My favourite aspects of the job are the technical challenges it presents, the opportunities it offers to keep learning, and how collegiate and collaborative the team is.

Dmitry
Quant Research
James

Our team works closely with the quant team to take models from a MATLAB prototype to trading tens of thousands of instruments on nearly a hundred exchanges around the world. We’re a small, close-knit team and we cover the entire tick-to-trade flow, from processing incoming market data to evaluating trading signals to submitting orders.

Our systems have to be able to process an incredible amount of incoming data in real-time without queueing, with market data from major exchanges frequently amounting to tens of gigabits per second. No technology is off-limits to us, we’ll use whatever is the best tool for the job, although our favourite languages are C++ and Python.

James
Exchange Trading Development
Paul

The OTC trading development team builds XTX's client-facing/OTC platforms. Our OTC market-making system offers continuous liquidity across multiple asset classes and thousands of instruments. It speaks around a hundred market data and trading protocols. We also build a range of in-house systems for real-time performance monitoring and analysis of XTX's trading activity, which generates millions of events per second.

Our team is drawn from a range of financial and non-financial backgrounds. We specialise in building high performance, highly available distributed systems. We are given a high degree of autonomy to meet requirements with the software and hardware that we see fit.

Paul
OTC Trading Development
Richard

Our team is responsible for the Core Technology platform, supporting all aspects of the firm’s post-trade activities and primarily developed in Go. We maintain highly-available real-time systems and a host of tools, jobs, services and GUIs to enable us to operate effectively in a highly automated way. The broad range of functions we support means we collaborate with almost every department in the firm.

What I value most about working at XTX is the firm’s commitment to quality software engineering. We look to build solutions that stand the test of time and scale with the needs of the business.

Richard
Core Development
Yuhan

Our team oversees XTX’s automated trading across all asset classes globally ensuring that our systems are operating as expected and we continue to provide quality liquidity into the markets and for our clients.

We closely monitor real world events and their impacts on markets and our strategies. We also have a focus on improving the monitoring and analytic tools that are scaleable and highly automated which in turn enables us to supervise our trading of tens of thousands of instruments on multiple markets in real-time.

What do I most enjoy about my role? It’s the exciting and fast-paced setting combined with our wide-ranging responsibilities. One moment there could be market risks to manage during stressed market conditions, the next there could be a post trade analysis task to further optimise our trading set up on a particular venue or the next moment we could be liaising with senior management, trading developers or the operations team to keep the business running smoothly around the clock.

Yuhan
Trading Analysts
Oli

The infrastructure group builds, looks after and improves three types of technology infrastructure. We need our general office and datacentre environment to always work and scale with our rapid growth. Our trading colocations are expressions of precise and deterministic computational performance. Our research cluster has doubled in size every year, and achieves unbridled storage and compute width.

Our group consists of experts in linux, storage, network, windows, database, technologies and procurement, and given the scale of what we manage, we rigorously automate and solve our problems with code. Even with 25 years’ experience in computational finance, at XTX I learn new technologies directly or from my colleagues every single day I work.

Oli
Infrastructure
Jigar

The business developement team builds and maintains relationships with our trading partners along with expanding our product and geographical reach. Business development is an extremely diverse role and the variety keeps things interesting and challenging.

One day I’ll be talking to the CEO of an exchange about business strategy and the next I’ll be delving into the minutiae of market microstructure enhancements or describing execution performance with a client.

Prior to joining XTX, I tended to be siloed into one product or area but here at XTX, I feel valued as a firmwide contributor and get involved in every aspect of the business. I really appreciate being part of this team ethic.

Jigar
Business Development
Kristen

The distribution team is responsible for building and maintaining institutional client relationships at the firm. We work with a number of different client types (hedge funds, real money managers, regional banks and retail aggregators) across a number of different asset classes (FX, metals and cash equities).

I enjoy the role as each client’s needs are unique and we explain not just what the firm can deliver for them in terms of XTX‘s market leading liquidity but also how market microstructure works, how to better manage their liquidity, how regulations are evolving and how using data analytics can help them to lower their cost of execution.

I also really enjoy working closely with the trading analyst and quant teams to help solve any client queries.

Kristen
Distribution
Christine

The onboarding team works with external clients, platforms and vendors on integration to facilitate trading of our OTC products.

Dealing with technical integrations, while working closely with external clients, has always ticked the boxes for me personally, and it’s great to go home at the end of the day knowing that we have delivered solutions to our business and clients.

Every day is different and although there are never enough hours in the day, I’m one of those people who enjoy working in a busy and productive environment. The firm is highly collaborative and the hierarchy and bureaucracy that can hinder other companies is non-existent, meaning that I am trusted to do my best and to enact change and progress. I have never been as productive as I am here and I put this down to being given the responsibility and environment in which I can flourish.

Christine
Client Onboarding
Sherine

The operations team supports our cross-asset operations, reconciling and checking that the millions of trades we transact are accounted for and confirmed with all of our counterparties on a real-time basis. The team also ensures our risk exposures and positions with each of our counterparties are being managed correctly. We have developed robust, scalable solutions and are constantly improving our efficiency as a result, whilst maintaining absolute accuracy with our data and reporting.

It is challenging work in a fast-paced environment, where no two days are ever the same and, for me, this is what it’s all about. I enjoy seeing processes I have refined being implemented and seeing the immediate results.

Sherine
Operations
Sunil

The Legal Department is responsible for managing and mitigating XTX’s legal risk and is closely integrated with the business. We have a very diverse range of work and responsibilities including documenting agreements with all external counterparties, overseeing the governance and management of all XTX group corporate entities, assisting with the interpretation and implementation of upcoming regulation and legislation, due diligence and execution of investments by XTX Ventures, representing XTX on various industry working groups and advising the business on all manner of legal queries.

XTX is at the forefront of the technological innovation occurring in financial markets which means that we also need to be innovative, commercial and practical in the advice that we provide. The work is intellectually challenging, often ground breaking, and we operate in a highly collaborative and fast-paced environment, working closely with all departments and senior management to achieve the firm’s objectives.

Sunil
Legal
Sofia

The Compliance Department at XTX is a global function which is integrated with XTX’s businesses, and includes experienced team members based in each XTX trading entity. The Compliance team have diverse backgrounds which include experience working in financial markets as practitioners in regulation, trading, technology, governance, decisional science and, of course, compliance. Together we deploy our collective knowledge and judgement to advise our colleagues on the regulatory and compliance requirements that impact XTX.  

I really enjoy the diverse nature of the work which touches all aspects of XTX business: advising the XTX businesses on regulatory and exchange rule requirements, conferring upon and approving proposed controls frameworks, monitoring the on-going business and controls and reporting to XTX management on the effectiveness of XTX’s control environment. We also manage interactions with our regulators in each jurisdiction, striving for pro-active engagement which is open, cooperative and collaborative. We operate a comprehensive compliance programme which includes advisory, risk assessment, monitoring, surveillance and on-going training, targeted to the risks associated with XTX’s operations.

Our team works with our colleagues at XTX in meeting our collective goals of adhering to the highest standards of market and personal conduct, and to maintain XTX’s reputation as a well-controlled and fair market participant. 

Sofia
Compliance
Andrew

The role of the Risk team is to support and independently challenge the firm’s management of risk, and to provide direction on the design and operation of the overall risk framework. XTX is an extremely risk-focussed firm, and risk awareness is integral to the way every team operates.

The main risks faced by XTX are operational and market-related. Good risk management depends on the close consideration of problems from different angles, and the team have backgrounds in maths, computer science and economics. This mix of disciplines enables us to select appropriate data sources to prove or disprove assertions, collaboratively asking “what if…?”, and using the resulting insights to test business assumptions.

For me, the role combines two areas of deep interest: I spent the first decade of my career in IT as a programmer, and the last ten years have been in Risk. The work at XTX is very varied, the people are super-bright, and the flat hierarchy means that decisions can be taken and implemented very rapidly. It’s a great place to work.

Andrew
Risk
Tianyang

As a team, we are responsible for the control of the firm’s assets, ensuring regulatory capital and liquidity requirements across multiple entities are met as well as financial reporting and forecasting. We have great data quality provided by our Core Development and Operations teams which allows us to work closely with those teams to automate processes and make changes to improve efficiency and deliver meaningful analytics for more informed decision-making at XTX.

We are always looking for better solutions to build a more intelligent ecosystem. The environment is very fast paced and there are always new challenges to tackle. I enjoy learning new skills and growing along with the firm.

Tianyang
Finance

The perks

Have a walk through our London office here

Insurance & Pension
  • Life Cover
  • Health Cover
  • Travel Cover
  • Pension Contributions
  • Pension Advice
  • Dental Cover

Health & Wellbeing

  • Wellbeing Consultant
  • Onsite Hairdresser
  • Sauna
  • Massage
  • Gym
  • Climbing Wall
  • Yoga
  • Pilates
  • Weekly Doctor Visits

Workplace

  • Fully stocked kitchens
  • Regular staff events & parties
  • Private cinema viewings in Everyman Cinema
  • Pool & Table Tennis Tables
  • Arcade Machines
  • Merchandise
FOLLOW US

funding
futures

We don’t take our success for granted. As financial technologists we are modernisers overall and believe in our responsibility to improve the lives of others.

Part of the reason we strive to increase the success of the firm is to maximise XTX’s charitable programme, which guarantees that a set percentage of our annual profits goes to worthy causes.

  • Since our inception in 2015, we have donated over £25 million to worthy causes.
  • In 2020, XTX is also proud to have committed £21.5 million to 5 charities who are helping to battle the devastating effects of Covid-19: NHS Charities Together / City Harvest (NY) / Fondation de l’Assistance Publique – Hôpitaux de Paris (AP-HP) / GOSH (Great Ormond Street Children's Hospital / Trussell Trust.
  • XTX also partnered with the Sutton Trust by donating 200 laptops to make sure disadvantaged students could access online learning.
funding futures
XTX MARKETS

CLIENTS

We offer OTC liquidity across FX, metals and equity products. Clients range from regional banks to institutional investors – including macro, systematic funds and real money. In the most recent Euromoney FX Survey, XTX was the only liquidity provider to be top 3 globally for market share and client satisfaction.

Our analytical tools and data-driven insights aim to help our clients reduce their cost of trading and better understand market micro-structure.

XTX believes in making electronic markets fairer for all participants and we work closely with regulators, exchanges, and clients to improve the market ecology across asset classes. Click below for more details on our market making principles and to read our thought leadership pieces on market structure.

LEARN MORE

NEWS

XTX MARKETS

XTX Ventures

XTX Ventures is the venture capital arm of XTX Markets. It leverages XTX Markets’ deep expertise in machine learning and financial technology to invest in companies where the core technical expertise of XTX Markets can be used to help grow and enhance those businesses.

LEARN MORE

contact

Reach out to us
general information
follow us
twitter facebook linkedin