Overview

• Companies House filings reported by the Financial Times confirm £1.3bn in post-tax profit for 2024 and £1.28bn distributed, with £682mn to founder Alex Gerko and the remainder shared by 30 quantitative traders.
• Profit rose 54% year over year, while total distributions increased 71% from the £747mn paid out in 2023 as the number of profit-sharing traders grew from 25 to 30.
• XTX processes roughly $250bn in trades daily across currencies, equities, debt, commodities, and crypto, running models on about 25,000 AI chips mostly sourced from Nvidia.
• To expand computing capacity, the firm is planning a €1bn data centre in Finland.
• Hans Buehler stepped down as co-head this summer to return to academia, as Gerko—who owns about 75% of XTX—deploys capital via a family office and backs AI start-ups Anthropic and Wayve as well as a north London maths school.