XTX Markets’ European ADTV on SI Exceeds €1billion

XTX Markets’ European SI (Systematic Internaliser) had a record month in terms of ADTV in April. For the first time, the ADTV (Average Daily Trading Volume) hit 1bn EUR, reaching 1.02bn EUR. Figures include UK and European SIs, which provide liquidity to UK and EU clients in UK and EU equities markets. According to a story in Markets Media news, April saw high volatility and extreme market conditions, particularly in the equities market. XTX claims their record SI volumes demonstrate their ability to provide liquidity through these times of stress. XTX states, “We’re continuing to invest in our European equities product offering, alongside growing efforts for liquidity provision from our SDP in the U.S. Whether in Europe or the U.S., we believe order-by-order competition is positive for clients.”