XTX MARKETS

Welcome to
XTX markets

We are a leading algorithmic trading firm. We partner with clients, counterparties and trading venues globally to deliver liquidity in the Equity, FX, Fixed Income, and Commodity markets. 

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

  • 140+ people
  • 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 volume across asset classes 

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

In a rapidly evolving industry it takes a lot of talent to stay relevant. 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.

At our offices in London, New York, Singapore, Mumbai and Paris, staff members have access to generously equipped spaces, 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.

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A typical day

I lead the Operations team in New York, where I support 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. I also ensure 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

I lead the Business Development team globally at XTX. Most of my time is spent building and maintaining 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

I work with external clients, platforms and vendors and integrate them 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

I lead a team of software developers building XTX's 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
Trading Software Developer
Sherine

I lead the Operations team in New York, where I support 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. I also ensure 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
Jigar

I lead the Business Development team globally at XTX. Most of my time is spent building and maintaining 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
Christine

I work with external clients, platforms and vendors and integrate them 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
Paul

I lead a team of software developers building XTX's 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
Trading Software Developer

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

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

We donate to a growing number of good causes, each with a focus on helping children and young people, and in the areas of computers science and mathematics:

  • funding
    Great Ormond St Hospital (GOSH)

    A world-renowned, ground-breaking children’s hospital in central London. As well as annual donations, XTX provides technical expertise across various projects. 

  • funding
    King’s Maths School

    A free sixth-form college in London for outstanding maths students. XTX is helping the school to build a new curriculum and contributes funds for vital resources. 

  • funding
    Dravet Syndrome UK

    A charity dedicated to helping infants with severe epilepsy. Our donations fund better research of this life-limiting condition, as well as equipment and direct support for families.

We are also donating a fixed percentage of our profits to charities nominated by employees in some of the regions that we operate.

For 2020, we are delighted to be supporting:  Effective Altruism in Europe and Club Rainbow (Singapore) in Asia-Pac.

  • funding
    Effective Altruism

    Effective altruism is a philosophy and social movement that advocates using evidence and reasoning to determine the most effective ways to benefit others. It uses high-quality evidence and careful reasoning to work out how to help others as much as possible.

  • funding
    Club Rainbow

    A wonderful charity supporting children with chronic and life threatening illnesses by providing support to them and their families such as basic food and and baby provision such as nappies through to therapy/counselling and educational assistance, financial support and social integration. 

We also support many trusts, foundations, academic events and conferences.

  • The Sutton Trust
  • Aspiring Solicitors Foundation (XTX is a founding member of the foundation)
  • ICLR - International Conference on Learning Representations
  • ICML - International Conference on Machine Learning
  • NeurIPS - Conference on Neural Information Processing Systems
  • SheCanCode - Their annual Hatch event
  • Oxford Mathematics Public Lectures
  • Oxford Department of Statistics annual Florence Nightingale Lecture
  • International Mathematical Olympiad (UK)
  • UK Mathematics Trust (we are a multi-year, primary supporter)
XTX MARKETS

CLIENTS

XTX Markets offers 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 is also one of the largest equities liquidity providers globally. In Europe alone, XTX’s passive market share across all lit continuous pan-European cash equity venues is over 13% and we are the no.1 ranked Systematic Internaliser by volume (Rosenblatt Q1 2020).

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.

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NEWS

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.

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