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2h ago

XTX Markets Posts Record 2024 Profit as Alex Gerko Takes £682 Million Payout

Fresh filings highlight an AI-driven trading engine converting vast compute into outsized partner payouts.

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Alex Gerko’s XTX handles trading volume worth $250 billion a day
Alex Gerko, founder of XTX Markets, moved to Britain in 2006 and now has an estimated net worth of more than £8.7 billion
Xtx markets’ alex gerko earns £682 million as profits jump 54%: report

Overview

  • Companies House figures reported this week show post-tax profit of £1.3 billion for 2024, up 54% year over year.
  • XTX distributed £1.28 billion to owners and profit-sharing traders, including £682 million to founder Alex Gerko.
  • Reports differ on the number of profit participants, citing either 30 or 31 partners sharing the 2024 pool.
  • The firm processes roughly $250 billion in trades daily using large-scale Nvidia-powered models reported at about 25,000 chips.
  • Recent developments include co-head Hans Buehler stepping down, a planned €1 billion data centre in Finland, and a tax case from the GSA Capital era heading to the UK Supreme Court.