XTX Markets donates £1 million to the Trussell Trust to support food banks during coronavirus pandemic

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Following donations of more than £20 million last week to help charities fighting the effects of Covid-19, XTX Markets has announced this week they are donating a further £1 million to the Trussell Trust, a charity which supports a network of food banks across the UK.

 Last year, food banks in the Trussell Trust’s network provided 1.6m emergency food parcels to people in crisis. More than half a million of these went to children. The charity has warned more people are likely to need a food bank’s help support as a result of the outbreak – especially those who aren’t eligible for sick pay or have unstable jobs.

Wherever possible, food banks are continuing to provide emergency support to people in their community in the safest way possible. Food banks have had to make significant changes to the way they work in order to protect the health of everyone at the food bank – whether that’s people who need the food bank, people volunteering, or people donating.

This donation will support the Trussell Trust in its work to support food banks in any way needed during this time of uncertainty and challenge, helping get emergency food to people who can’t afford it in the safest way possible. The UK-wide charity is providing daily guidance to help food banks adapt the way they work, recruiting volunteers and developing ways for food banks to deliver food bank parcels to people’s homes. Throughout the pandemic, the network is also being given constant access to support through a front-line field team and food bank helpline.

XTX Markets commented:

“The coronavirus is having a devastating effect on those people in crisis and their ability to source food and the Trussell Trust is playing a vital role in getting food supplies to people that need it most during these difficult times. We are proud to be supporting the great work they are doing.”

Emma Revie, chief executive of the Trussell Trust said,

“The generous donation from XTX Markets means we can remain agile to respond to the fast-changing situation and ensure food banks continue to provide the lifeline of emergency food and additional support for people in crisis. It’s incredible to see that alongside supporting food banks, XTX Markets are providing much needed support to frontline services including the NHS. At the Trussell Trust, we are seeing the very best of society and a desire to help one another, and this donation will make a significant difference to our ability to respond to the current crisis. We thank them for encouraging others to support frontline services through this crisis.”

Ends

Notes to Editor

  • ‘Emergency food parcel’: three days’ emergency food for one person. These statistics are a measure of volume rather than unique individuals. Recent analysis shows on average people need around two food bank referrals in a year. More information about the way this data is gathered and what it can and can’t show here

For more information, please contact:

XTX Markets:

Tim Moxon

Head of Marketing/Communications

tim.moxon@xtxmarkets.com

 

For the Trussell Trust:

Please contact our press office on press@trusselltrust.org

 

About the Trussell Trust:

  • We’re here to end the need for food banks in UK.
  • We support a UK-wide network of more than 1,200 food bank centres and together we provide emergency food and support to people locked in poverty, and campaign for change to end the need for food banks in the UK.
  • Our most recent figures for the number of emergency food supplies provided by our network: https://www.trusselltrust.org/news-and-blog/latest-stats/
  • You can read more about our work at org

 

About XTX Markets

XTX Markets is a leading electronic market-maker which partners with counterparties, exchanges and e-trading venues globally to provide liquidity in the Equity, FX, Fixed Income and Commodity markets. It is headquartered in London with offices in Paris, New York, Mumbai and Singapore and has 140 employees globally. XTX is the largest Spot FX liquidity provider globally (Euromoney 2019) and also the largest European equities (systematic internaliser) liquidity provider (Rosenblatt 2019). www.xtxmarkets.com