Alex Gerko, founder of XTX Markets, is investing in the future of trading with the construction of advanced data centers in Kajaani, Finland. The first center, set to go live this year, spans roughly three football fields, followed by a second center expected to open in 2027. These facilities will utilize an extensive network of 25,000 AI chips, primarily from Nvidia, to enhance algorithmic trading capabilities that have already proven highly profitable—XTX generated $5.3 billion in revenue and $2.3 billion in profit last year, trading an average of $250 billion daily with only 250 employees.
TradeSmith CEO Keith Kaplan emphasizes the shift in trading dynamics towards data-driven insights rather than speed-based strategies. The company’s new AI-powered trading system can identify predictive signals across nearly 2,500 stocks, boasting historical accuracy rates of 90% or higher. Backtested models indicate a potential 12x return over six years, outperforming the S&P 500, which saw a significant decline in 2022. This marks a transformative moment where advanced trading technologies become accessible to everyday investors.
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