XTX Markets expands access to end-users via TraderTools deal
XTX Markets is partnering with liquidity aggregator, TraderTools to become a streaming liquidity provider on its hosted forex trading platform. XTX Markets, an electronic market maker in forex, commodities, derivatives and equity markets, is one of a number of start-ups looking to fill the void created by big banks leaving the market due to prohibitive costs and inherent scandals in the forex market.

Another player has been quietly stepping in to fill the void left by big Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers to the foreign exchange market. A start-up company run by two former Deutsche Bank executives has been filling the gap that big banks have left in the market in recent months due to prohibitive costs and inherent scandals that stirred the FX market.

XTX Markets is an electronic market maker company that delivers liquidity for foreign exchange, commodities, derivatives and equity markets already present on 22 ECNs and exchanges.

Earlier this month, the company expanded its services to include the multi-dealer platform 360T. The electronic market maker has been providing liquidity flow to 360T since the 3rd of November.

TraderTools Partnership

Today the company announced that after partnering with TraderTools, XTX Markets has become a streaming liquidity provider to the integrated FX trading platform.

The firm will be led by former quant trader at Deutsche Bank, Alexander Gerko, who headed the quant research team at the institution until 2008 and the former Co-Head of Fixed Income at Deutsche Bank, Zar Amrolia, who recently joined.

XTX Markets, a leading electronic trading firm providing liquidity in the FX/Commodity/Equity/Derivatives markets, announced today that it has partnered with TraderTools as a streaming liquidity provider on its hosted FX trading platform.

Commenting on the agreement with TraderTools, the Head of e-FX sales at XTX Markets, Jan Strømme, said, “The partnership is an important step in our gaining access to select end-users via liquidity aggregators such as TraderTools. We will continue to look into partnerships with platform aggregators which complement our business model as we grow organically over the coming years.”

Post-SNB FX Liquidity Space Shifting

The electronic market maker branched away from London-based quantitative investment fund GSA Capital this summer and is already handling close to $40 billion per day.

The CEO of TraderTools, Adding Yaacov Heidingsfeld, elaborated, “Adding XTX Markets enhances both our alternative and relationship-based Liquidity Aggregation Liquidity Aggregation Aggregation or liquidity aggregation can be characterized as the process of gathering buy and sell orders from different sources and directing them to a given executing party. This is most commonly done from multiple sources to minimize the risks from using a single liquidity provider. By aggregating liquidity from multiple sources, the broker is able to increase the depth of market it offers to its clients and therefore deliver better fills on the order flow when compared to when it uses a sing Aggregation or liquidity aggregation can be characterized as the process of gathering buy and sell orders from different sources and directing them to a given executing party. This is most commonly done from multiple sources to minimize the risks from using a single liquidity provider. By aggregating liquidity from multiple sources, the broker is able to increase the depth of market it offers to its clients and therefore deliver better fills on the order flow when compared to when it uses a sing Read this Term solution, the key elements to our core strategy.”

ADVERTISEMENT

With the gap that has been growing larger after the Swiss National Bank (SNB) shock in the first quarter of this year, delivering liquidity to the foreign exchange markets has slowly become an unattractive business for big banks.

With the arrival of new technology-based start-ups such as XTX Markets, the void can be filled and the post-SNB liquidity situation on the foreign exchange market can shift away into a new direction.