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XTX Markets
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Retail FX
UK's Court Rules against Billionaire Quant Trader Alex Gerko in £22.5M Tax Dispute: Report
2024-07-22T14:51:40.226+02:00
Bloomberg reported that the appeal judges ruled that Gerko and other traders at GSA Capital Partners must pay income tax on their share of trading profits.
Gerko has criticized the ruling, calling the tax laws complex and unreasonable, and plans to challenge the judgment.
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Executives
XTX Markets Welcomes Former Barclays CEO into Director Role
2024-06-27T12:54:57.251+02:00
Timothy James Osborne Throsby brings experience from the finance and education sectors.
He also holds roles at Phoenix Merchant Partners, Zen Educate, Light & Wonder, Silver Creek Pharmaceuticals, and Lumos Global.
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Retail FX
XTX Holdings (UK) Limited Posts Double-Digit Profit Decline in 2023
2024-05-19T13:59:43.994+02:00
One of the XTX's UK entities reported a drop in net revenue to £8.4 million.
However, the management considers the results satisfactory given the exceptionally strong performance in 2022.
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Retail FX
XTX Markets to Boost Trading Capacity with Mega Data Center in Finland
2024-04-12T15:41:28.516+02:00
This decision is driven by the affordable electricity and favorable climatic conditions in the Nordic region.
The initial phase of the data center will have 22.5MW computing capacity, with plans for 250MW capacity.
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Retail FX
XTX Markets Warns against Fraudulent Entities Claiming Affiliation
2024-03-20T21:04:22.965+02:00
The company clarified that it neither issues cryptocurrencies nor offers services on any retail FX or crypto platforms.
XTX Markets emphasized that its official websites are XTXMARKETS.COM and AIMOPRIZE.COM.
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Institutional FX
XTX Markets Unveils Machine Learning Lab Blending Finance with Technology
2024-02-22T15:56:42.701+02:00
AI Residency Program aims to promote research in finance and machine learning.
The hub is located in New York City.
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Institutional FX
XTX Markets Launches $10M AI-MO Prize to Elevate AI in Math Olympiad
2023-11-27T16:57:50.639+02:00
The prize is to inspire new AI models with mathematical reasoning.
Using AI for advanced mathematical problem-solving remains a complex challenge.
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Institutional FX
XTX’s Profit from UK Operations Surges above £1 Billion in 2022
2023-07-17T17:36:22.347+02:00
XTX's revenue from its UK entities jumped 68% to £2.5 billion.
Previously, Virtu Financial reported a drop of 43% in net profit for 2022.
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Solomon Oladipupo
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Institutional FX
XTX Markets Sponsors Oxford Scholarship, Ukraine’s Math Olympiad Team
2023-05-12T19:41:28.291+02:00
The firm sponsored the scholarship with a '£2.48 million gift'.
The team sponsorship covers coaching, training camps and competition needs.
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Solomon Oladipupo
Executive Moves
XTX Markets Promotes Dr. Hans Buehler to Co-CEO
2023-03-31T12:00:00.000+02:00
He joined the company last year as the Deputy CEO.
He replaced Zar Amrolia in the latest role.
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Arnab Shome
Brokers
XTX's UK Profits Jumped by 42% in 2021
2022-05-19T08:55:05.841+02:00
Its revenue came in at £1.477 billion.
It includes numbers from its markets division.
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Executive Moves
XTX Markets Strengthens Leadership with Dr. Hans Buehler as Deputy CEO
2022-04-01T11:08:13.500+02:00
He brings more than two decades of financial industry experience to the role.
He joined as XTX’s Co-CEO, Zar Amrolia is retiring in early 2023.
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Retail FX
XTX Markets Almost Doubles Its Revenue in 2020, Profit Gains
2021-08-10T09:34:24.000+02:00
The total revenue for the year came in at £651.9 million.
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Prime Brokerage
CFH Creates Zero-Hold Time Liquidity Pool to Promote Fairer FX Market
2020-09-22T23:03:04.000+02:00
The Zero hold time model is already applied by CFH’s liquidity partner XTX Markets.
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Aziz Abdel-Qader
Execution
XTX Markets Releases its Principal FX Algo for Market Participants
2020-09-01T10:54:55.000+02:00
The XTX Markets Execution Algo is aimed at reducing overall slippage to arrival price.
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Prime Brokerage
XTX Markets Posts Healthy Revenue and Profit Uptick for 2019
2020-08-06T10:42:26.000+02:00
The liquidity provider incorporated a French entity as preparation for Brexit.
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Prime Brokerage
XTX Markets Heads to China to Price FX Interbank Market
2020-01-21T15:46:46.000+02:00
XTX Markets has become the first non-bank market maker to price China’s FX interbank market.
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Celeste Skinner
Executive Moves
XTX Markets Taps FX Trader Andrew Webber from BNP Paribas
2019-12-02T17:00:45.000+02:00
Webber spent the bulk of his career at Deutsche Bank, having originally joined Germany’s biggest banking group back in 2009.
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Execution
Beyond Liquidity: The Good, the Bad & The Must-Know
2019-11-13T20:08:41.000+02:00
Some of the most pointed questions of the summit were being asked during the final session of London Summit 2019
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Technology
Cobalt Goes Live with Deutsche Bank, XTX Markets and Saxo Bank
2019-09-23T09:12:20.000+02:00
Cobalt has launched its post-trade infrastructure with the help of more than 20 leading financial institutions.
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Technology
Tradefeedr Onboards Goldman, XTX and UBS
2019-09-10T12:15:02.000+02:00
The company provides a platform for FX market participants to share and analyze data
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David Kimberley
Executive Moves
BidFX Secures Wai Kin Chan as its Head of Asia Pacific
2019-09-09T13:26:00.000+02:00
Chan joins the trading platform with almost two decades of experience in the trading space.
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Prime Brokerage
Breaking: XTX Markets Revenues and Profits Skyrocket
2019-08-02T15:54:52.000+02:00
The high quality of the services of the London-based firm continue to lead to increased revenues and profits
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Victor Golovtchenko
Prime Brokerage
Deutsche Bank FXPB Regains Footing, XTX Markets with Best Service
2019-06-20T14:38:45.000+02:00
Cost optimization and an aggressive push catapulted Deutsche higher, while XTX topped client satisfaction surveys
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Victor Golovtchenko
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Executive Moves
Ex-Euronext CFO Joins XTX Markets as Chairman
2019-03-07T15:53:43.000+02:00
Alongside Serge Harry's appointment, the market maker also confirmed that Geoffrey Damien has joined as Head of France
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See more
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