XTX MARKETS TECHNOLOGIES LIMITED
Company Information
- Company Number
- 12300034
- Registered Address
- R7 14 - 18 Handyside Street, London, England, N1C 4DN
- Status
- Active
- Employee Count
- 133.0
- Turnover
- 1512563000.0
- EBITDA
- 1330142000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 6 November 2019
- Nature of Business
- 62090 - Other information technology service activities
- Industries
- Software
- 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 | 98% | 1% | 1% | 2% |
| 01 Jan 2023 - 30 Jun 2023 | 19 Jul 2023 | 14 | 94% | 5% | 1% | 6% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 25 | 75% | 18% | 7% | 25% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | 23 | 87% | 9% | 4% | 13% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 20 | 85% | 15% | 0% | 15% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 15 | 98% | 2% | 0% | 2% |
Company Summary
XTX MARKETS TECHNOLOGIES LIMITED is a leading technology company that specializes in providing innovative solutions for financial markets
Founded in 2015, the company has grown rapidly and has established itself as a key player in the industry
The company's main focus is on developing cutting-edge technology solutions for the financial markets, including algorithmic trading, data analytics, and cloud computing
They provide their services to a wide range of clients, including banks, hedge funds, and other financial institutions
XTX MARKETS TECHNOLOGIES LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact
They have a comprehensive sustainability program in place, which includes energy-efficient practices, waste reduction, and responsible sourcing of materials
One of the company's key products is their proprietary trading platform, which uses advanced algorithms and machine learning techniques to analyze data and execute trades in real-time
This platform has gained popularity among traders for its speed and accuracy
XTX MARKETS TECHNOLOGIES LIMITED is led by a team of experienced and highly skilled professionals, including CEO Alex Gerko and Co-Founder Zar Amrolia
They have a global presence with offices in London, New York, and Singapore
For more information about their services and products, interested parties can visit their website at www.xtxmarkets.com
The registered office address for XTX MARKETS TECHNOLOGIES LIMITED is 6th Floor, 1 London Wall Place, London, EC2Y 5AU
Company Review
Trend Analysis
The average time for XTX MARKETS TECHNOLOGIES LIMITED to pay invoices has been increasing over the past three periods, from 15 days in 2021 to 25 days in 2022. However, there was a decrease in average time to pay in 2023 to 14 days.
Volatility Analysis
The company's volatility in paying invoices has been relatively stable, with the percentage of invoices paid within 30 days ranging from 75% to 98% over the three periods. The highest volatility can be seen in the percentage of invoices paid between 31 and 60 days, ranging from 1% to 18%.
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
