XTX Markets Selects Paris for Post-Brexit EU Hub

As uncertainty around Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term is rising, the contingency plans of companies are taking form. XTX Markets is the latest major player from London’s financial industry that is announcing its European hub of operations.

For the top non-bank 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 to equities, foreign exchange, fixed income, and commodities, the city of choice is Paris. The company already applied with the local financial regulator to proceed with its plans.

The fast-track to a hard Brexit which is brewing behind the scenes between European and UK leaders is prompting firms to act swiftly.

XTX Markets will retain its headquarters and operations in London. The Paris hub will be a gateway for the company to secure access to European markets.

The cross-asset liquidity provider has applied with the Autorité de Contrôle Prudentiel et de Résolution. The new regulated subsidiary of the cross-asset liquidity provider will cement the firm’s leadership position in Europe.

XTX Markets Continuing Growth

According to data available on the CBOE’s website, XTX Markets has a massive market share of continuous trading volumes of 11.5 percent in European equities trading. The firm also ranked third in the annual Euromoney 2018 survey among foreign exchange market participants.

The commitment of the company to the European market was underscored in a statement from the co-CEO of the company, Zar Amrolia.

“As a leading liquidity provider across asset classes globally, it was important to select a location with a strong regulatory environment within which to operate,” he said.

According to the leadership team at XTX Markets, the French regulators have been very welcoming. Growing market tensions about disruption to markets resulting from Brexit is prompting European authorities to act swiftly.

Amrolia highlighted that the company is looking forward to work with EU regulators.

With the transition to the Brexit era across both sides of the La Manche, both sides of the aisle - market participants and regulators need to ensure transparency and efficiency for the European marketplace.

XTX Markets has applied for an investment firm license with the French regulator. The company is asking for authorization to trade across various asset classes.

The firm is also aiming to a systematic internalizer in European equities. This will enable XTX Markets to continue progress with its systematic internalizer offering. European clients can continue to access XTX liquidity.