XTX Markets hires Credit Suisse’s Head of Americas algo trading sales, Charlie Whitlock

Rick Steves

“We’re delighted to welcome Charlie to the team with his extensive experience and industry knowledge. He will be a key part of our drive to further grow our equities franchise in the U.S.”

XTX Markets has announced the appointment of Charlie Whitlock as Head of Americas Distribution, responsible for growing XTX’s single dealer platform (SDP) business in the United States.

Based in XTX’s New York office, Charlie Whitlock brings 25 years of financial markets experience to the role, having previously worked at Credit Suisse as a Managing Director and Head of America’s AES Sales for four years.

AES stands for Advanced Execution Services, Credit Suisse’s suite of algorithmic trading strategies, tools, and analytics for global trading across equities, equities, options, futures and foreign exchange.

Prior to Credit Suisse, Charlie Whitlock worked at ITG four nearly two years and at J.P. Morgan, where he was Head of America’s Electronic Sales for six years. He was also Director of Algo Trading at Merrill Lynch for over six years. Other roles include Institutional Sales at Wave Securities and Institutional Sales-Trading Systems at Bloomberg.

Charlie Whitlock joins Credit Suisse at a time of great pressure for the Swiss banking group as financial markets feared its collapse earlier this week. In the meantime, the Swiss central bank announced it will provide a $54 billion-worth bailout to the bank.

Eric Swanson, CEO XTX Americas at XTX Markets, commented: “We’re delighted to welcome Charlie to the team with his extensive experience and industry knowledge. He will be a key part of our drive to further grow our equities franchise in the U.S.”

“No recycling of pricing or skews generated off the back of client flows”

XTX Markets states it relies on price innovation rather than speed and that it is why it has been able to provide world-class liquidity across asset classes not only on exchange but also directly to end clients.

Providing algo execution both on and off-exchange in FX as well as European equities, XTX continues to expand its global footprint with U.S. equities via its SDP.

The firm says clients can interact directly with XTX’s unique interest resulting in a higher level of liquidity and improved trade performance. XTX’s interest to trade is generated entirely from its own risk capital. There is no recycling of pricing or skews generated off the back of client flows.

XTX accounts for over 5% of on-exchange U.S. equities volumes and is also the largest European equities systematic internaliser and has maintained this no.1 status for 3 years running

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