XTX MARKETS LIMITED
Company Information
- Company Number
- 09415174
- Registered Address
- R7 14-18 Handyside Street, London, England, N1C 4DN
- Status
- Active
- Employee Count
- 0.0
- Turnover
- 136361000.0
- EBITDA
- 8500000.0
Additional Details
- Website
- https://www.xtxmarkets.com/
- Company Type
- Private limited Company
- Incorporated On
- 30 January 2015
- Nature of Business
- 64991 - Security dealing on own account
- Industries
- Financial Services
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| 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 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 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 16 | 96% | 3% | 1% | 4% |
| 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% |
Company Summary
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
Company Review
Trend Analysis
The average time for XTX MARKETS LIMITED to pay invoices has fluctuated over the past three years, with a general trend of decreasing from 2018 to 2020, then increasing again in 2021 and 2022 before decreasing once more in 2023.
Volatility Analysis
The volatility of XTX MARKETS LIMITED's average time to pay invoices has been relatively low, with only a few periods showing significant changes. The most notable changes occurred in 2020 and 2022, where there were increases in the percentage of invoices paid within 30 days and decreases in the percentage of invoices paid between 31 and 60 days.
Summary Analysis
In the past three periods (2021-2023), XTX MARKETS LIMITED has shown a consistent trend of paying invoices within 30 days, with an average time to pay of 18 days in 2021, 25 days in 2022, and 19 days in 2023. However, there has been some volatility in the percentage of invoices paid within 30 days, with a decrease in 2022 and an increase in 2023.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
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
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
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 Technologies, R7 14-18 Handyside Street, London N1C 4DN.
Other Payment Information
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
