XTX Markets is an electronic market maker company that delivers liquidity for foreign exchange (FX), commodities, derivatives and equity markets, has named Eric Swanson as its newest Chief Executive Officer (CEO) for the Americas, according to a group statement.

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In his new role as the CEO – Americas, Mr. Swanson will be based out of the group’s New York office, beginning his tenure on June 1, 2017. He joins XTX Markets from Bats Global Markets, having worked with the exchange operator for the past nine years in multiple senior roles.

Most recently, he worked as Bats’ Executive Vice President, General Counsel and Corporate Secretary based out of New York. Mr. Swanson has garnered a lengthy tenure n the securities industry, also working at Ameriprise Financial Services, the US’ Securities and Exchange Commission (SEC), and other stops, dating back to 1995, according to information made public on his Linkedin profile.

According to Zar Amrolia, co-CEO at XTX Markets in a statement on the appointment of Mr. Swanson, “XTX Markets is already a leading player in the European equity, global commodity and FX markets. Eric is an industry stalwart who brings a wealth of experience in securities trading, regulation and market structure policy in the U.S. Alex Gerko and I are delighted to have Eric join XTX and help us launch and operate our U.S. business.’’

“Under the leadership of Co-CEOs Alex and Zar, XTX has quickly emerged as a trading powerhouse in Europe. I look forward to working with them both and the rest of the innovative XTX team as XTX continues to build out its capabilities to provide consistent liquidity at competitive prices to U.S market participants,” he added.