Bats general counsel to join XTX Markets

May 2, 2017 08:50 AM

Eric Swanson will be joining New York-based XTX Markets as CEO (Americas), effective June 1.

Swanson is a securities industry veteran, most recently serving as the General Counsel and Corporate Secretary of Bats Global Markets Inc. since 2008. Prior to joining Bats, Swanson served for more than 10 years in various roles at the U.S. Securities and Exchange Commission, including as assistant director with responsibility for oversight of exchange and broker trading systems.

Zar Amrolia, Co-CEO at XTX Markets commented in a statement that, “XTX Markets is already a leading player in the European equity, global commodity and FX markets. Eric is an industry stalwart who brings a wealth of experience in securities trading, regulation and market structure policy in the U.S. Alex Gerko and I are delighted to have Eric join XTX and help us launch and operate our U.S. business.’’

Swanson commented: ‘’Under the leadership of Co-CEOs Alex and Zar, XTX has quickly emerged as a trading powerhouse in Europe. I look forward to working with them both and the rest of the innovative XTX team as XTX continues to build out its capabilities to provide consistent liquidity at competitive prices to U.S market participants.’’ 

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