How Machine Learning Is Replacing the Market Makers

It’s a small trading firm with computing power similar to the world’s top supercomputers. That’s how XTX Markets Ltd. is using superior smarts to beat the faster speeds of many computerized traders to become a force in market making. Smarts Vs. Speed Already, London-based XTX Markets Ltd. earlier this year was declared the world’s fourth-largest spot currency trader with 7.6% of the spot FX market, according to a detailed story in Bloomberg. Now that it’s become a major player in currencies, it’s now eyeing expanding into the bond, commodities and stock markets. The firm describes itself as “a leading quantitative-driven electronic market-maker,” for the purpose of providing “liquidity in the Equity, FX, Fixed Income and Commodity markets.” (To read more, see: Basics Of The Mechanics Behind Electronic Trading) No Human…


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