XTX Markets, one of the new breed of electronic trading firms taking share from banks, has named a market structure expert at another of Europe’s upstart trading outfits to its board.

Niki Beattie, a former head of Europe, Middle East and Africa market structure at Merrill Lynch, will take on the role of non-executive director and chairman on October 1, XTX said in a statement.

Her strategic advisory firm, Market Structure Partners, works with trading venues and clearing houses, among others, on the rules and regulations governing securities trading in capital markets.