Score of 86.8/100 qualifies for PaymentCheck Certification
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2025 - 31 Dec 2025 | 27 Jan 2026 | 20 | 84% | 14% | 2% | 16% |
| 01 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 21 | 80% | 18% | 2% | 20% |
| 01 Jul 2024 - 31 Dec 2024 | 27 Jan 2025 | 20 | 90% | 8% | 2% | 10% |
| 01 Jan 2024 - 30 Jun 2024 | 31 Jul 2024 | 16 | 85% | 14% | 1% | 15% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 10 | 95% | 4% | 1% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 19 Jul 2023 | 19 | 92% | 7% | 1% | 8% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 31 | 60% | 33% | 7% | 40% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | 25 | 90% | 10% | 0% | 10% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 23 | 85% | 15% | 0% | 15% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 18 | 98% | 2% | 0% | 2% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 18 | 94% | 6% | 0% | 6% |
| 01 Jan 2020 - 30 Jun 2020 | 24 Jul 2020 | 15 | 98% | 2% | 0% | 2% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 17 | 83% | 17% | 0% | 17% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 20 | 85% | 13% | 3% | 15% |
| 01 Jan 2018 - 30 Jun 2018 | 16 Jul 2018 | 11 | 91% | 6% | 3% | 9% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The standard payment terms relating to payments for qualifying contracts (as defined in the Regulation) is 30 days from the date of the invoice. XTX has opted for consistent payment terms where possible with all vendors irrespective of the service type or the size of the vendor.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
in the unlikely event of a dispute with a supplier about a payment under a qualifying contract, the XTX Accounts Payable (“AP”) department will contact the supplier to resolve the dispute in the first instant. However, if the AP department is unable to help arrive at a resolution, then the relevant XTX key account manager will contact the supplier to further understand and resolve the dispute. Given the close relationship of XTX with its suppliers, it is unlikely that a viable resolution cannot be reached. While the dispute is being investigated, this is communicated to the relevant supplier being queried and any payment is held. Once the query has been resolved, the Finance department will release the relevant payment, or the supplier will issue a credit note. Contact details of the AP department where invoices should be sent is ap@xtxmarkets.com. In the event where the supplier wants to send a paper invoice, this should be addressed to: Accounts payable department, XTX Markets Limited, R7 14-18 Handyside Street, London N1C 4DN.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
❌
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
XTX MARKETS LIMITED is a financial technology company based in London, United Kingdom. They specialize in electronic trading and market making, providing liquidity to global financial markets. The company was founded in 2015 by Alex Gerko and Zar Amrolia, both highly experienced professionals in the financial industry.
One of the core values of XTX MARKETS LIMITED is sustainability, and they have a strong commitment to environmental, social, and governance (ESG) practices. They have implemented a sustainability program that includes reducing their carbon footprint, promoting diversity and inclusion within their organization, and supporting charitable causes.
In terms of products and services, XTX MARKETS LIMITED offers electronic trading solutions to institutional clients, including banks, hedge funds, and asset managers. Their advanced technology and algorithms enable them to provide competitive pricing and efficient execution for a wide range of financial instruments, including equities, foreign exchange, and commodities.
The company is led by a team of experienced professionals, including CEO Zar Amrolia and COO Alex Gerko. They are supported by a team of highly skilled traders, engineers, and data scientists, all working towards their mission of providing innovative and sustainable electronic trading solutions.
For further information, XTX MARKETS LIMITED can be contacted through their website, which is www.xtxmarkets.com. Their registered office address is 6th Floor, 1 London Wall Place, London EC2Y 5AU, United Kingdom.
Proud of your payment record? Show your live score on your own site:
<iframe src="https://paymentcheck.co.uk/badge/09415174" width="240" height="72" style="border:0" title="PaymentCheck Score" loading="lazy"></iframe>