Meet a New Winner in Wall Street's Arms Race

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. 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." As an electronic market maker, XTX has taken human decision-making out of trading, according to the company's Co-Chief Executive Officer Zar Amrolia.