XTX to become equities SI under Mifid II

The non-bank market-maker will opt into the regime for European equities, regardless of its share of the OTC market

One lit bulb surrounded by darker bulbs
Seeing the light: XTX Markets is committed to maintaining its presence on lit venues, says Alex Gerko

Non-bank market-maker XTX Markets is opting into the systematic internaliser (SI) regime for European equities when the European Union’s second Markets in Financial Instruments Directive (Mifid II) comes into force on January 3, 2018.

XTX, which provides liquidity across equity, derivatives, foreign exchange and commodity markets, is the latest firm to announce the form under which it will operate once the revised directive goes live.

“XTX has become a leading liquidity provider across lit EU

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