Gerko’s XTX Notches 50% Jump in European Bilateral Stock Trading

Alexander Gerko’s XTX Markets posted a 50% surge in the volume of European equities traded directly with clients last year, as investors rely more and more on algorithmic firms to buy and sell stocks.

The London-based company had total trading volume of €177 billion ($212 billion) in 2025 and a daily average of €693 million via its UK and European systematic internalizers, a regulatory term for firms that match client buy and sell orders on the company’s own books rather than routing them to exchanges. In April, the US tariff shock sent average volumes above €1 billion per day for the first time, XTX said.