XTX Markets Taps FX Trader Andrew Webber from BNP Paribas

XTX Markets, a non-bank FX 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 provider and market maker, has announced the latest addition to its personnel – E-FX banking specialist Andrew Webber.

Webber joins XTX Markets’ Global Distribution team after a lengthy career in the capital markets space, during which he has focused on foreign exchange Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term and held several trading roles.

He joins XTX Markets from BNP Paribas, having worked with the French lender for the past two years as Head of eFX Client Analytics. Prior to that, he was a senior quantitative trader at Sun Trading LLC, a Chicago-based privately held proprietary trading firm.

Webber spent the bulk of his career at Deutsche Bank. He had originally joined Germany’s biggest banking group back in 2009 as Analyst and Interest Rate Trader, then was promoted in 2011 to take up the role of FX Quant Trader, a position he held until he left in 2016.

XTX climbs the ranks

Webber’s expertise in quantitative trading seems an ideal fit to help the four-year-old further grow its client franchise, which has been unusually swift. XTX Markets has steadily climbed the ranks of electronic market makers, now commanding nearly 12 of the spot FX turnover, displacing leading banks such as J.P. Morgan Chase in the process.

XTX, which handles more than $150 billion in trades every day, mainly employs mathematical models trained on huge data sets to connect buyers and sellers.

According to its latest filing with the City’s register, XTX enjoyed a healthy revenue boost last year to over £305 million, though its aggressive plans for expansion at home and abroad saw its administrative expenses rise 85 percent to £148.7 million.

Commenting on the appointment, Jeremy Smart, Global Head of Distribution at XTX Markets, said: ‘'As the world’s largest FX Spot/Forward and European Equities systematic internaliser liquidity provider, Andrew is the ideal fit to help us further grow our client franchise and solidify our position as a leading, global cross-asset liquidity provider.’’