---
title: XTX Markets to Opt In as a Systematic Internaliser
description: Firm intends to be a Systematic Internaliser after MiFID II begins.
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 10.10.2017

 By John D'Antona

 Liquidity

# XTX Markets to Opt In as a Systematic Internaliser

 10.10.2017 By John D'Antona

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Leading equities liquidity provider XTX Markets announces it intends to opt-in as a Systematic Internaliser (‘SI’) following the implementation of MiFID II.

Alex Gerko, Co-CEO of XTX Markets, commented: “XTX has become a leading liquidity provider across lit EU equities markets. Although uncertainties remain about the potential market impact of the SI regime, we intend to opt in as an SI. Market participants will benefit from the high-quality liquidity we provide, as they already do in FX.

We are committed to maintaining our lit venue presence as ultimately we see lit central limit orderbook as the best market structure for liquidity providers and consumers.”

Mark Hemsley, President of Europe for CBOE, said: "XTX Markets is a leading provider of liquidity to Bats and we are delighted to be working with them as a SI technology provider.”

Alisdair Haynes, CEO of Aquis Exchange, commented: ‘XTX is a major market participant and it acting as a SI will be to the advantage of its liquidity consumers.”

\*Source: Bats Global Markets: https://www.bats.com/europe/equities/market\_share/index/ & XTX Markets internal volume data. Lit volumes only (excluding ‘dark’ volume, as defined by Bats in above link, & auctions).

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