TradeTech Europe 2025

13 - 15 May, 2025

Palais des Congrès de Paris

Matt Clarke

Head of EMEA Distribution and Liquidity Management XTX Markets

Matt is Head of EMEA Distribution and Liquidity Management at XTX Markets. His team focuses on OTC liquidity provision across FX, metals, European equities, US equities and ETFs. Prior to XTX Matt held a variety of Sales and Trading roles at Barclays Capital. He holds degrees from Bristol and Oxford. XTX Markets is a leading algorithmic trading firm which uses state-of-the-art machine learning technology to produce price forecasts for over 50,000 financial instruments across equities, fixed income, currencies, commodities and crypto. It uses those forecasts to trade on exchanges and alternative trading venues, and to offer differentiated liquidity directly to clients worldwide. The firm trades over $250bn a day across 35 countries and has over 250 employees based in London, Singapore, New York, Paris, Bristol, Mumbai and Yerevan.

Day 1 | 14th May

11:15 AM Liquidity Fragmentation Panel: Examining liquidity dynamics: What does the growth of bilateral streaming models, SIs and trading at the close mean for price formation and lit-continuous trading?

  • Where is liquidity today, and where will it be in three years [predictions and polling question]? Where is liquidity shifting [dark pools, bank SIs, bilateral platforms]?
  • What impact is the move away from lit markets having on price formation, transparency and intra-day liquidity?
  • Examining the growth of bilateral liquidity provision and the buy sides experience of this alternative stream of liquidity
  • What value do bilateral market makers and internalised bank liquidity bring to the buy side, and what does it mean for the marketplace and exchanges?
  • Does the central limit order book still have a place in today’s market?
  • What is the net impact on price formation in light of market models pulling liquidity out of lit continuous phases?

Check out the incredible speaker line-up to see who will be joining Matt.

Download The Latest Agenda