CATATAN BELAJAR · terakhir diperiksa 2026-09
XTX Markets — penyedia likuiditas institusional
XTX Markets Limited operates as a non-bank algorithmic market maker, focusing exclusively on institutional clients. The firm is licensed in multiple jurisdictions, including the UK, USA, and France, but has a relatively short operational history since its founding in 2015. Self-measured claims regarding market impact and liquidity provision should be approached with caution, given the absence of external validation.
XTX Markets Limited · London, UK · skor bukti 88/100
Lisensi, dibaca dari register
last checked September 2026
| Regulator | Nomor lisensi | Yurisdiksi | Tingkat | Sumber |
|---|---|---|---|---|
| FCA | 949967 | UK | tier-1 | buka sumber ↗ |
| FCA | belum terverifikasi | UK | tier-1 | buka sumber ↗ |
| ACPR (AMF-supervised) | CIB 13283 | France | tier-1 | buka sumber ↗ |
| SEC/FINRA | SEC 8-70009 (CRD 289846) | USA | tier-1 | buka sumber ↗ |
| SEC/FINRA | SEC 8-70532 (CRD 309266) | USA | tier-1 | buka sumber ↗ |
| SEBI | INZ000293058 | India | belum dinilai | buka sumber ↗ |
Klasifikasi tingkat memakai skala yang sama dengan register ritel: tier-2 berarti pengawasan nyata dan pemisahan uang klien, tanpa skema kompensasi investor — jangan salah baca sebagai perlindungan tier-1.
Apa yang diajarkan catatan ini
Keterampilan membaca, masing-masing berpijak pada sesuatu yang benar-benar dipublikasikan perusahaan tersebut.
- 01 — Poin pembelajaranXTX Markets operates as a tier 1 non-bank liquidity provider in multiple countries.
- 02 — Poin pembelajaranThe firm exclusively serves institutional clients, refusing individual and retail investors.
- 03 — Poin pembelajaranXTX offers liquidity across various asset classes, including FX and cryptocurrencies.
Buku klaim
Klaim yang cukup spesifik untuk difalsifikasi — dan yang tetap menjadi pengukuran venue sendiri.
Klaim yang dapat diuji
- 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
Klaim yang tidak bisa kami verifikasi dari luar
- '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 dan cakupan
| Kelas aset | Pusat data | Konektivitas | Klien yang diterima | Ditolak secara eksplisit |
|---|---|---|---|---|
| FX, US/UK/European equities, Fixed income, Commodities, Cryptocurrencies | tidak ada yang dipublikasikan | tidak ada yang dipublikasikan | Institutional clients (bilateral relationships established through venues or via brokers) | Individual/retail investors — 'XTX does not deal with individual investors and does not accept deposits or provide retail trading services' |
Perusahaan yang menerbitkan ruang negatifnya sendiri — menolak siapa, tidak berlisensi di mana — jauh lebih mudah diuji tuntas. Daftar penolakan dianggap pengungkapan, bukan cacat.
Cek mandiri
Jawab pertanyaan ini sebelum menganggap catatan selesai dibaca. Jika tidak bisa, baca ulang lisensi dan buku klaim — jawabannya semua ada dalam publikasi perusahaan.
- What types of clients does XTX Markets serve according to their disclosures?
- Which countries' financial authorities have tier 1 licenses for XTX Markets?