Gerko's XTX Markets: £1.7B Profits, Charity Pledges
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Alex Gerko, Londons top taxpayer, sees a massive payday as XTX Markets, his trading firm, breaks records with £1.7 billion profits in 2025. Fueled by market swings, revenues surged 44% to £3.9 billion. Gerko, who owns 75% of the company, previously paid £331 million in personal tax. The Russian-born mathematician, now a British citizen, started XTX in 2015 and uses a supercomputer in Iceland to handle $250 billion daily trades. Despite his wealth, Gerko has donated over £350 million to charities since 2020, funding math schools, conservation, and the London Symphony Orchestra. His story showcases how sharp minds and tech can reshape finance while giving back to the community.
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