XTX moves to zero hold times
The liquidity provider eliminates discretionary latency buffers in the last look window when trading with direct counterparties on a disclosed basis
XTX Markets has eliminated discretionary hold times in the last look window when trading on a disclosed basis with direct counterparties, moving to a so-called zero hold time (ZHT) model in a bid to nudge other market-makers to move away from extensive periods of price checks.
The liquidity provider follows JP Morgan publicly stating in its execution policy in May last year that it does not apply the discretionary latency buffers when pricing last look streams. XTX Markets will continue to
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