Market maker XTX Markets sees Revenues of £154M in 2017, £61M profits


XTX Markets office

Electronic market maker XTX Markets Limited has released its financial results for 2017, indicating significant growth in revenues although profits remained flat.

Alex Gerko XTX Markets
Alex Gerko, XTX Markets

XTX, which is controlled by founder and co-CEO Alex Gerko, reported that Revenues for 2017 rose by 17% from the previous year, £154.6 million (USD$ 203 million) versus £131.9 million.

The company earned £61.0 of Net Profit for the year, slightly up from £60.7 million in 2016.

XTX Markets is a quantitative-driven electronic market-maker partnering with counterparties, exchanges and e-trading venues globally to provide liquidity in the Equity, FX, Fixed Income and Commodity markets. The company has about 100 employees, about half of them in the company’s UK offices, and does about $120 billion of daily trading volume across a variety of asset classes.

The company paid out £22.3 million of dividends in 2017 after not paying any dividend in 2016. As at year-end 2017, XTX Markets had shareholders equity of £207.2 million.

XTX Markets’ 2017 income statement follows:

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Market maker XTX Markets sees Revenues of £154M in 2017, £61M profits

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