Pay per employee, 2025
£457,000
XTX Markets Technologies Ltd, every role and level
Research partnership staff
£697,000
Per employee, 2025, XTX Research LLP
AI research intern
$35,000 a month
About $8,080 a week, New York
London quant researcher, 1 to 3 years
EstimateAbout £195,000 to £440,000
Base plus bonus at every firm, for comparison
XTX Markets is a London algorithmic trading firm that uses machine learning to forecast prices for over 53,000 instruments. It trades about $250 billion a day across 35 countries with about 300 employees.
XTX publishes almost no pay in its ads. What it does publish, through its UK companies and partnership, is its accounts: they show a wage bill of £58.0 million for 127 staff at one company in 2025, and a research partnership whose profit ran to £1.73 billion.
How much does XTX pay in London?
XTX Markets Technologies Ltd, one of the firm’s UK companies, paid its staff about £457,000 each on average in 2025, up from £436,000 in 2024. It spent £58.0 million on wages and salaries for an average of 127 staff.
XTX Markets Technologies Ltd, filed accounts
| Year | Average staff | Wages and salaries | Per employee |
|---|---|---|---|
| 2025 | 127 | £58.0 million | £457,000 |
| 2024 | 113 | £49.2 million | £436,000 |
That average is not a salary anyone is offered. It divides one company’s wage bill by its headcount, so it mixes every role and level, and it moves with the firm’s year. It is a good way to compare firms and a poor way to value an offer.
What would a new hire at XTX earn?
For a first-year quant researcher in London, our estimate is £160,000 to £310,000 with the bonus, and £195,000 to £440,000 with 1 to 3 years of experience. Both are estimates for the London market as a whole, not for XTX alone, because XTX does not publish London pay.
Recruiters put the base for a mid-level quant in London at £90,000 to £130,000, and up to £200,000 at the best-paying firms. XTX’s per-employee average sits well above any of those bases, because it folds in bonuses and senior pay.
How does XTX pay its bonus?
Staff at XTX Markets Technologies Ltd receive a salary and a discretionary bonus, and the bonus vests over three years. A bonus awarded for one year therefore reaches the employee in stages rather than in one payment.
That matters when you compare offers or plan a move. A firm that pays its bonus in one go and a firm that spreads it over three years can quote the same number and leave you with very different cash in the first years.
What does the XTX research partnership earn?
The research partnership, XTX Research LLP, made a profit before members’ shares of £1.73 billion in 2025, up from £1.28 billion in 2024. It had 24 members on average, and the highest-paid member received £894.6 million.
The profit does not divide into a figure per partner. The accounts do not say how many of the members are people, or whether the highest-paid member is a person or a company. What they do show is the pay of the partnership’s 19 employees: about £697,000 each in 2025, up from £555,000 in 2024.
How much do XTX interns earn?
An AI research intern at XTX in New York earns a base of $35,000 a month, about $8,080 a week. Among the US intern ads on these pages, only SIG’s Master’s research internship, at $8,600 a week, pays more.
XTX does not publish London intern pay.
How does XTX compare with other London firms?
On pay per employee, XTX’s company sits below several of its London peers. In 2025 Two Sigma’s London company paid about £503,000 per employee, Hudson River Trading’s £1.47 million and Jane Street’s UK partnership $1.88 million.
The comparison has limits, because each firm splits its UK business differently. XTX’s research profit sits in its partnership, not in the company, and its partnership staff were paid more per head, about £697,000.
How do you get an XTX offer?
XTX’s research is driven by machine learning, and its interviews follow suit. Researchers are tested on machine learning theory, on validating models on time series without leaking the future, on overfitting, and on clean probability and statistics. Engineers face hard algorithmic coding and systems design. Interviewers push back on correct answers to see whether you can defend them.
The XTX interview guide walks through each stage by track. The practice page has problems and questions matched to the firm, so the online assessment is not the first time you solve under its time pressure.