Liquidnet Taps XTX Markets for Bilateral Liquidity in Europe

Liquidnet, the technology-driven agency execution specialist that is part of TP ICAP Group, has partnered with XTX Markets among other market makers to launch a new trading answer designed to assist European purchase-side traders access bilateral liquidity more effectively.

The initiative consolidates access through Liquidnet’s front-end application and liquidity-viewking algorithmic suite, offering traders confidence, control, and efficiency when navigating fragmented markets.

Partnerships with Leading Market Makers

The launch is supported by partnerships with multiple market makers, including XTX Markets, with more participants expected to join soon. By routing access through Liquidnet’s infrastructure—though outside the Liquidnet MTF—members can preserve execution quality, anonymity, and workflow efficiency.

Bilateral Liquidity Gains Importance

According to Liquidnet’s recent Liquidity Landscape report, bilateral liquidity now accounts for nahead 50% of total European . Despite its growing significance, access remains opaque and inconsistent. Liquidnet’s new initiative aims to streamline and clarify this access for institutional traders while giving liquidity providers better control of their risk.

Gareth Exton, Head of Execution and Quantitative Services, EMEA at Liquidnet, commented:

“The growth of bilateral trading is reshaping how in Europe. Our role is to support our Members in responding to these structural changes. By integrating bilateral liquidity into both our front-end application and liquidity viewking algo suite, we’re giving our Members the tools to access meaningful liquidity with confidence and control whilst assisting the market making community to extend their reach and better control their risk.”

answer Features

The new trading answer offers a range of services designed to enhance execution quality for both , including:

• Configurable access for purchase-side traders and liquidity providers
• Mid-price and touch executions via Liquidnet’s algos and application
• Anonymous access to aggregated liquidity streams with tiered options
• Execution consulting to optimize liquidity sources and timing
• Monitoring and analytics to track fill rates, information leakage, and provider performance

Broader Strategy

This development aligns with Liquidnet’s ongoing strategy to strengthen execution capabilities and address complex liquidity challenges. It follows recent , reinforcing Liquidnet’s role as a leading execution specialist connecting over 1,000 institutional investors across 57 markets worldwide.