Lucrative electronic market maker XTX paid £19.9m per head to its 30 partners
Alex Gerko's electronic trading juggernaut XTX Markets gets some criticism for how it pays its junior staff, but its top people are very well compensated. Recently released accounts for its LLP via Companies House reveal that 30 partners took home an average of almost £20m each from the firm's profit sharing initiative.
'XTX Research LP' distributed £1.28bn ($1.35bn) in profits among its 31 members in 2024. £682.5m was given to the highest paid member, presumably a corporate entity called 'XTX Member Limited.' The rest was split among the other 30 (human) members, at an average of £19.9m, an improvement of over £5m on last year.
XTX only had 25 human members in 2023. We looked at XTX's partners late last year; partners inducted in 2024 include Ivan Belongov, a quant researcher at the firm and ex-competitive programmer that graduated a computer science master’s degree in just 2019.
One member has been added to the partnership in 2025. Evgenii Vanslov was called up in April; he joined XTX in 2021 after three years at Apple. He also previously worked at Yandex, a Russian search engine which employed multiple XTX partners, including Belongov. XTX has also lost people, most notably co-CEO and partner Hans Buehler, who stepped down to return to academia in July
Outside of the partnership itself, the LLP entity had 19 employees in 2024, who each earned more than employees of other entities. The LLP paid average 'wages and salaries' of £555.2k.
Have a confidential story, tip, or comment you’d like to share? Contact: Telegram: @AlexMcMurray, Signal: @AlexMcMurrayEFC.88 Click here to fill in our anonymous form, or email editortips@efinancialcareers.com.
Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libellous (in which case it won’t.)
