XTX Markets Taps Jigar Patel as its e-Commodities Head

XTX Markets has appointed Jigar Patel as the newest addition to its Business Development Team, who will be heading the group’s e-Commodities operations, according to an XTX Markets statement.

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 Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, commodities, derivatives and equity markets already present on 22 ECNs and exchanges. In his new role as the head of the group’s e-Commodities business, he will begin his new appointment only in May 2016.

Mr. Patel joins XTX Markets from Goldman Sachs, having worked in a similar role in its e-Commodities team for over five years. He originally worked at Goldman Sachs and spearheaded the creation and implementation of the lender’s Commodities Electronic Trading business, dating back to 2010.

Prior to 2010, Mr. Patel worked at Crédit Agricole as a commodity trader, a position he held for less than a year.

According to Andonis Sakatis, Head of Business Development at XTX Markets, in a recent statement on the appointment: ''I am delighted to have Jigar join XTX Markets to head up our Commodities Business Development team. XTX is already a leading player in the metals and energy markets and we are now looking to further expand our client offering to these asset classes as traditional players withdraw from providing liquidity.''