Multi-asset non-bank liquidity provider XTX Markets continues expanding its services. The company has become a member firm of BATS Europe. The company has been at the forefront of delivering non-bank liquidity in equity, derivatives, FX and commodity markets.
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The BATS Europe membership is the next milestone for the company – it now has access to 15 major markets across Europe. Commenting on the announcement, the Co-Head of Sales of BATS Europe Jerry Avenell elaborated on the company’s access to the venues: “As a member, XTX Markets will now have access to our markets across Europe, over one platform and under one rule book, further diversifying the liquidity available on our market.”
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The move is a continuation of XTX’s expansion on exchanges. Back in November this year, XTX Markets became a member firm of the London Stock Exchange.
Commenting on the news, the Head of Business Development at XTX Markets, Andonis Sakatis, commented: “XTX has long been a provider of liquidity in equities across global exchanges and joining Bats Europe further enhances the breadth of products and venues for counterparties to benefit from XTX’s consistent liquidity provision.”
XTX Markets has been specializing in delivering real liquidity to the markets and is using quantitative methods in order to operate its business. Unlike high-frequency trading companies that are providing non-bank liquidity, XTX Markets is committed to longer time frames when the firm is taking a side in a particular trade. Complex hedging techniques across multiple asset classes are helping the firm mitigate risks when taking liquidity.