XTX Markets Taps Eric Swanson as CEO – Americas

XTX Markets is an electronic market maker company that delivers 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 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 Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term 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.