XTX Markets Names Americas Distribution Head
Posted by Colin Lambert. Last updated: March 16, 2023
Charlie Whitlock is joining XTX Markets as head of Americas distribution, taking up the position on 3 April 2023 as the firm seeks to further expand its growing equities business.
He joins from Credit Suisse where he was a managing director and head of America’s AES sales, the bank’s agency algorithmic product suite for four years. Prior to that he worked at ITG for just under two years as managing director, and JP Morgan, where he was head of Americas electronic sales. Whitlock also worked for over six years at Merrill Lynch in algorithmic trading
XTX says that by relying on price innovation rather than speed, it has been able to provide liquidity across asset classes not only on exchange, but also directly to end clients. “After cultivating a robust franchise both on and off-exchange in FX as well as European equities, XTX continues to expand its global footprint with US equities via its signle dealer platform,” it says. “Clients can now interact directly with XTX’s unique interest resulting in a higher level of liquidity and improved trade performance. XTX’s interest to trade is generated entirely from its own risk capital. There is no recycling of pricing or skews generated off the back of client flows.”
XTX says it accounts for over 5% of on-exchange US equities volumes and is also the largest European equities systematic internaliser and has maintained this no.1 status for three years running.
“We’re delighted to welcome Charlie to the team with his extensive experience and industry knowledge,” says Eric Swanson, CEO XTX Americas. “He will be a key part of our drive to further grow our equities franchise in the US.”