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Market Making

An Upstart FX Market Maker Is Looking to Ramp Up in U.S. Equities and Treasuries

XTX wants to increase its footprint and change the rules of the game.


The biggest traders in foreign exchange gathered last May in a converted Victorian bathhouse in London. They drank Champagne amid ornate tile mosaics, stained glass, and Oriental rugs. The results of the 2018 Foreign-Exchange Survey by Euromoney Institutional Investor Plc were being announced.

A gasp and clapping echoed through the room.