Media release

XTX Markets donates £1.6 million to support refugees fleeing to Armenia 

XTX Markets is immediately donating £1.6 million (US$2 million) to support UNHCR’s work in Armenia. 


London-  As of 27th September, the Government of the Republic of Armenia has reported that more than 50,240 people have newly arrived in Armenia, following conflict in the Karabakh region last week. Long queues are reported at the borders with more people continuing to cross into Armenia.  

People arriving at the border are mainly older people, women and children; they are traumatised, exhausted and in need of urgent humanitarian assistance and psychosocial support.  

The most pressing needs include emergency shelter support, with freezing temperatures at night and limited accommodation. UNHCR, the UN Refugee Agency, has already provided non-food items such as foldable beds and mattresses for new arrivals, while further items are being prepared and pre-positioned as the needs continue to increase.  

UNHCR is also providing technical support to assist the Government of the Republic of Armenia as it establishes registration points for new arrivals in the south-eastern provinces of Syunik and Gegharkunik, from where protection and assistance needs are also being assessed.  

Emma Cherniavsky, CEO at UK for UNHCR, said: “We are deeply concerned about the increasing numbers of refugees who are fleeing into Armenia. We are so grateful for the swift response of XTX Markets, which exemplifies how private sector partnerships can play a vital role during emergency response operations. XTX Markets’ generous support will help UNHCR to provide immediate humanitarian assistance to those in need.” 

XTX Markets has partnered with UK for UNHCR to support global humanitarian relief efforts since 2022, when the company donated £10 million to support UNHCR emergency relief efforts for refugees fleeing the full-scale invasion of Ukraine, and again in 2023 to support victims of the Türkiye–Syria earthquakes. 

People can find out more about UNHCR’s lifesaving work with refugees at    

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For further information please contact: 

UK for UNHCR: Mark Macdonald, [email protected],+44 20 8183 0145. 

Notes to Editor 

About XTX Markets 

XTX Markets is a leading algorithmic trading firm which partners with counterparties, exchanges and e-trading venues globally to provide liquidity in the Equity, FX, Fixed Income and Commodity markets. XTX has over 200 employees based in London, Paris, New York, Mumbai, Yerevan and Singapore.  

The company’s corporate philanthropy focuses on STEM education and maximum impact giving (alongside an employee matching programme). Since 2017, XTX has donated over £80 million to charities and good causes, establishing it as a major donor in the UK and globally. 

In a changing world XTX Markets is at the forefront of making financial markets fairer and more efficient for all. 

About UK for UNHCR 

UK for UNHCR is the UN Refugee Agency’s national partner for the UK, building solidarity, fostering partnerships and raising funds in the UK to help deliver global humanitarian relief for refugees through UNHCR’s work.  

UNHCR, the UN Refugee Agency, leads international action to protect people forced to flee their homes because of conflict and persecution. It delivers life-saving assistance like shelter, food and water, helps safeguard fundamental human rights, and develops solutions that ensure people have a safe place to call home where they can build a better future. UNHCR also works to ensure that stateless people are granted a nationality. 

UK for UNHCR is a registered charity in England and Wales (registered charity number 1183415). 


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