Alex Gerko Discover Forex News Group: the latest behind-the-scenes insight into all the FX executive moves, platform advancements, regulatory changes, broker results and volumes

XTX Markets’ Alex Gerko loses quant trader payouts tax case at former firm GSA Capital

The total size of the tax bill is estimated at £22.5 million (USD $29 million).

XTX Markets saw a significant decline on both its top and bottom line in 2023 for its main UK business, following a record 2022.

XTX has been the largest European equities SI (systematic internaliser) by market share three years running.

London based XTX Markets has 134 employees, and transacts about $200 billion in trading volumes across a variety of asset classes.