XTX Markets’ profits were up 54% year-on-year (YoY) in 2024, according to a document seen by Global Trading and filed with Companies House.
Revenues rose by 36% over the year to £2.74 billion.
The high-frequency trading firm states that US$250 billion is traded on its platform daily.
Of its three entities registered in the UK, 2024 results have been publicly released for XTX Markets Technologies and XTX Markets Trading. The former reported a 50% rise in revenues over the rear, reaching £2 billion, and a 44% spike in final profits to £1.2 billion.
The trading business reported a more modest £636 million in revenue, up 7% from 2023’s £589.7 million, and £22.5 million in final profits – up 50% YoY.
XTX Markets remains an algo trading minnow compared to big-name Wall Street giants. Citadel Securities reported US$9.7 billion in trading revenues for 2024, Global Trading understands. The majority of similar firms do not disclose their earnings.
To boost its competitive approach, earlier this year, XTX Markets announced that it would invest over €1 billion in a Finnish data centre in order to expand and strengthen its infrastructure. In late 2024, it also invested in Project Numina, an initiative building a mathematical reasoning database to support AI development.
The company has stated its inventions to build out client operations in the US.
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