• XTX Holdings (UK) Limited reported a 33% drop in net revenue to £654.4 million in 2023.
  • Net profit fell by 56%, decreasing from £19.2 million in 2022 to £8.4 million last year.

XTX Holdings (UK) Limited, a subsidiary of global quantitative trading firm XTX Markets, has reported a significant decrease in profits for 2023.

Despite this decline, the company’s management remains optimistic, emphasizing the exceptional performance of 2022 and highlighting the current results as meeting expectations.

The report for XTX Holdings (UK) Limited revealed a net revenue of £654.4 million in 2023, a considerable decrease from the £972.7 million recorded the previous year. Net profit also shrank, falling from £19.2 million in 2022 to £8.4 million in 2023.

It’s important to note that XTX Markets operates through several subsidiaries in the UK. XTX Markets Technologies Limited, another UK entity, contributes the majority of the company’s revenue and profits in the region. This entity also experienced a decline in both net revenue and net profit, though less pronounced than XTX Holdings (UK) Limited.

Despite these declines, XTX Markets maintains a positive outlook, emphasizing that the current results align with expectations given the previous year’s exceptional performance.

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