XTX Markets is committing £20 million to three funds battling the effects of COVID-19. The funds are to help bring immediate relief for frontline workers in hospitals caring for those with the disease, as well as those in New York City who are unable to get access to food during these difficult times. XTX has […]
Tag: XTX Markets
XTX Markets has today (January 21) become the first non-bank market maker to price to China’s FX interbank market, CFETS. XTX becomes a liquidity provider for G10 markets, with Bank of China – the first prime broker on the system – as its prime broker. CFETS says in a release that the addition of XTX […]
Whilst wishing everyone a very happy holiday season and a tremendously successful 2020, very quickly we come to the final column of the decade and the last Irrational for 2019, my Person/People of the Year. Before I do, however, I have to acknowledge – yet again – the greatness of the readership. Two weeks ago, […]
XTX Markets announced that Andrew Webber has joined the firm’s global distribution team. Based in London, Webber arrives after more than two years with BNP Paribas, where he was head of e-FX client analytics. Prior to that, he was a quantitative trader at Sun Trading and Deutsche Bank, where he covered both FX and interest […]
Clearmatics Technologies, a provider of decentralised digital cash settlement systems and XTX Markets have lifted the veil on a six month project to build a member-owned network for the automation of collateral management and settlement. The network will focus on providing its members with a service that automates collateral management processes within financial markets and […]
Tradefeedr, the FX data analysis platform has partnered with Goldman Sachs, UBS & XTX Markets as the first participants on its platform. Co-founded in 2018 by industry veterans Balraj Bassi and Alexei Jiltsov, Tradefeedr is an independent intermediary which aggregates, analyses and disseminates trading information between capital market participants to aid data-driven decision making. “Today […]
News that FastmatchFX founder Dmitri Galinov is planning a return to the FX industry dominates this week’s podcast as Colin Lambert and Galen Stops chat through the challenges and opportunities for the fledgling platform, which leads into a broader discussion around the NDF market in general. Stops also recounts a meeting with an FX market […]
As a futures exchange proposes a new speed bump mechanism, a number of market participants are coming out in opposition to it. Some of the arguments they’re making will sound familiar to those in the FX markets, says Galen Stops. On February 1 the Intercontinental Exchange (ICE) put the cat amongst the proverbial pigeons by […]
XTX has appointed Serge Harry as chairman of the Board of XTX Markets SAS, the firm’s newly formed French entity. It has also unveiled the appointment of Geoffrey Damien as managing director, head of France.
Harry has over 30 years of experience in financial markets in various senior executive positions at the London Stock Exchange Group, New York Stock Exchange, Euronext and Euroclear. He also currently holds directorships, as a non-executive director of LCH SA, MTS France and Curve Global.
Damien joins from Euronext where he was head of product development and projects and head of retail execution. Both men will be based in Paris.
Scepticism abounds in this week’s In the FICC of It podcast as Colin Lambert and Galen Stops take a look at the latest bank to unveil a digital markets strategy – including all your favourite buzzwords. While Stops believes this is the latest move in what will be a growing trend, our podcasters also wonder whether it’s not really just a rebranding exercise?
They then move into more traditional areas and discuss JP Morgan’s survey on FX market conditions, and while they agree with a lot of the findings, there are one or two areas that raise an eyebrow, not least around internalisation and AI.
AI-generated trading and liquidity are also the forefront as they move on to share their thoughts around the flash crash in Jardine Matheson stock last week in Singapore, including asking the question, what does it mean for market maker programmes and certain order types?
The discussion then moves on to look at the latest FX turnover surveys from the world’s FX committees, with particular attention on three interesting/puzzling (delete as appropriate) elements of the UK report surrounding RMB, NDFs and voice brokers.
The podcast ends on with Lambert praising “the optimism of youth” after Stops highlights what he thinks could be a very important line at the end of the latest document detailing an FX-related fine in the US – in other words, the cynic in him won the day!