Two independent explorers had set their navigation computers set to deep within the Heart and Soul nebulae in early 3300, also known as the Year Zero. These like-minded pilots, met in deep space, but they felt that the current communication channels were not working as well as they should be, so a new interstellar comms server was put in place, and a stable line of communication was established.
Word spread throughout the galaxy that there was a working communication node, which brought in many pilots, looking for somewhere to hang out.
This node started to get the attention of various factions, who requested safe haven within the secure comms chatter. This was the birth of XYZ. While XYZ has no allegiance to any faction or group, only its commanders. Itís commanders are free to do what they like, when they like. This includes, Trading, piracy, bounty hunting, exploration, system manipulation and much much more