The Firm
XTX Markets is an algorithmic trading firm that actively trades tens of thousands of instruments on over eighty venues with a daily volume of almost three hundred billion USD. We partner with counterparties, exchanges, and e-trading venues globally to provide consistent liquidity in the Equity, FX, Fixed Income, Commodity & Options markets, helping market participants throughout the world obtain the best prices in the various assets classes we cover.
We leverage the talent of the people who work here, modern computational techniques and state-of-the-art research infrastructure to analyse large data sets across markets quickly and efficiently, to maximise the effectiveness of our proprietary trading algorithms. The models that drive our trading strategies have evolved considerably over the last 10 years, from econometric methods that gave our company its name, to trees, to neural networks, to modern deep learning architectures. We are actively seeking new methods and ideas.
At XTX Markets technology is our business and we are a diverse organisation which attracts outstanding talent from across all industry backgrounds. We are focused on teamwork and our people collaborate on all aspects of the business, working openly and with respect for each other, our clients and the market. Our culture is non-hierarchical and one where everyone is valued. We strive for excellence in everything we do.
The Role
You will be working in a small, collaborative and highly technical team to help build and improve our rapidly growing client business across FX, precious metals, ETFs, and equities.
Your initial focus will be to manage a portfolio of existing FX clients, but the remit is wide, and you should expect to be challenged and grow into a cross-asset role where responsibilities are fluid and will expand alongside our business.
You will have full exposure to the workings of our business and be expected to contribute across what are typically three distinct roles at competitors: e-trading, e-sales, and product.
We play an active role in changing market structure rather than just passively accepting the status quo: market participants will tell you things are impossible or just plain absurd and you will achieve them anyway.
Responsibilities
The sort of things you’ll be doing day-to-day include:
- Analysing flow and optimising pricing across a portfolio of clients and venues.
- Maximising the value of existing client relationships. Where necessary you will use data, alongside your deep technical understanding of e-trading, to help convince clients of the benefits of evolving the way in which they trade with liquidity providers.
- Understanding and communicating XTX’s value proposition. To start with there will be a core focus on FX but we’ll provide training and, when you’re ready, the role will expand to become cross asset with a particular focus on equities and FX.
- Deepening relationships with existing clients by visiting them and understanding their business holistically.
- Becoming an expert in market structure and microstructure and debating these topics with clients, vendors, tech providers and regulators.
- Driving forward one-off projects. Typical examples include: writing market structure notes and working with the media; working with ECNs, TCA providers, aggregation vendors to improve their products; working with developers to improve internal tools and/or automate liquidity management processes.
Attributes
- A fundamental understanding of FX e-trading, which will likely have been gained over 5-10 years in a relevant role. You will also be eager to learn or grow your knowledge of other asset classes.
- Strong technical reasoning skills and an ability to reason from first principles in real-time.
- Track record of (and genuine interest in) client interaction – not necessarily in a Distribution role.
- You actively seek to continuously improve and respond well to constructive feedback.
- You adhere to principles that objectively would be considered as moral and of high integrity.
- Current and former colleagues consider you hard working, high energy, detail-oriented, pragmatic, proactive. You get things done.
- Excellent written, verbal, and presentational communication skills.
Benefits
- Onsite gym, sauna, and fitness classes at no charge.
- Extensive medical benefits including an on-site doctor and therapist at no charge.
- Breakfast and lunch provided daily.
- Various supports for caregivers, including emergency dependent care.
- Beautiful Kings Cross office: https://vimeo.com/257888726
- 25 days paid holiday per year + statutory holiday and paid sick days.
- Generous Pension contributions.