XFA is an “agency only” execution firm
Disclosures
Supplement
to Characteristics &
Risks
of Standardized Options
A Message from the XFA Managing Partners
The staff at XFA hopes you and your families are safe and healthy during this unprecedented challenging time for Global Financial Markets. As is the case for most, working remotely presents a unique set of challenges, especially given the recent rounds of market volatility. XFA wants you to know that we are doing everything we can to insure best liquidity provision and execution quality to our firms most valuable asset – you our customer.
Who We Are
X-Change Financial Access is an industry-leading agency trade execution services firm for global exchange-traded derivatives. With more than 130 trading and support professionals led by an experienced management team, XFA provides a growing international client base with expert price discovery, superior trade execution, timely trade confirmation and real-time, insightful market intelligence. XFA is a division of Marex, a leading broker and clearer in the global financial and commodities markets.
Since 2009, XFA has maintained its position as one of the leading brokers by volume of contracts executed on the CBOE. In addition, XFA is consistently one of the volume leaders in the benchmark S&P Index cash options at the CME/CBOT. XFA provides seamless full-service brokerage and execution for a wide breath of customers trading S&P Futures and Options, SPX Options, a full range of Volatility products, equities, index, ETF, single stock options, financial futures, Eurodollar, agriculture, financial futures, energy, and metals. XFA is unique in that brokers and personnel are stationed on trading floors and in trading pits, in addition to our desk locations; and can service our customers through various channels. Therefore, ultimately providing immense pools of liquidity as well as customer anonymity. XFA handles the trade from the order through the execution to clearing providing a full-service support for our customers. XFA customers also benefit from our fully operating 24-Hour Desk which provides trading capabilities with CME, ICE, CFE and EUREX during European and Asian trading hours.
XFA’s customers operate across three continents and include global financial services firms and some of the world’s largest hedge funds, institutional investors, commodity trading advisors (CTAs) and market makers. As leaders in agency trade execution, our only job is to obtain the best prices possible for our customers. Clients can rely on XFA to execute their transactions with discretion and without fear of jeopardizing strategic or valuable proprietary information.
XFA Business Continuity
During this unprecedented time, XFA has transitioned to a fluid model to allow our staff to continue to provide the XFA standard of excellence with full service to our customers without any interruptions.
- » One-stop access for agency trade execution and market information services
- » Strong, expert market presence for exchange-traded derivatives, equities and Treasuries
- » Confidentiality and discretion for client orders
- » Competitive rates
- » Knowledgeable, real-time market intelligence from exchange trading floors
- » Superior price discovery and liquidity generation
- » Extensive order flow distribution channels
- » Volume leader in benchmark global equity products
- » 24/7 trade execution in futures