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341 firms on file · 202 identified entity records 73 carry a published regulator notice

COUNTERPARTY FILE · last re-checked 2026-09

XTX Markets — institutional liquidity provider

XTX Markets Limited operates under tier 1 licenses but has notable omissions in disclosures.

XTX Markets Limited · London, UK

evidence score
88/100

Licence, read literally

RegulatorLicence numberJurisdictionTierSource
FCA949967UKT1open source
FCAnot verifiedUKT1open source
ACPR (AMF-supervised)CIB 13283FranceT1open source
SEC/FINRASEC 8-70009 (CRD 289846)USAT1open source
SEC/FINRASEC 8-70532 (CRD 309266)USAT1open source
SEBIINZ000293058IndiaT2open source
Tier classification follows the same scale as the retail register: tier-2 means real supervision and client-money segregation, without an investor compensation scheme — never misread it as tier-1 protection.

Residuals a counterparty carries

2

  1. R01

    Unpublished trading venues

    XTX Markets Limited has not published any named trading venues.

    Source: disclosures page

  2. R02

    Omitted FCA number

    The firm's FCA FRN is not disclosed, with 949967 belonging to an affiliate.

    Source: disclosures page

The claims ledger

Claims specific enough to be falsified — and the ones that remain the venue's own measurement.

Testable claims

  • Disclosures page states XTX does not deal with individual investors, does not accept deposits and provides no retail trading services
  • Providing liquidity directly to institutional clients since the firm's inception in 2015 (clients page)
  • Bilateral liquidity across more than 10,000 assets (clients page)
  • TernFS storage deployment >500PB across 30,000 disks, 10,000 flash drives and three data centres as of September 2025; firm constructing a large-scale data centre in Finland

Claims we cannot verify from outside

  • 'Market-leading, differentiated liquidity' and 'low-market impact by holding risk for meaningful periods' are the firm's own characterisations
  • Price forecasts for over 50,000 financial instruments is the firm's own internal figure

Perimeter and coverage

Asset classes
FX, US/UK/European equities, Fixed income, Commodities, Cryptocurrencies
Venues
Connectivity
Clients accepted
Institutional clients (bilateral relationships established through venues or via brokers)
Explicitly refused
Individual/retail investors — 'XTX does not deal with individual investors and does not accept deposits or provide retail trading services'
A firm that publishes its own negative space — who it refuses, where it is not licensed — is materially easier to diligence than one that doesn't. The refusal list is treated here as disclosure, not as a defect.