XTX Launches Machine Learning Division

XTX Markets has unveiled XTY Labs, a new machine learning division to be headed by newly-appointed research director, Dr. Atlas Wang. It is planned to be a hub for elite machine learning researchers and will be home to the new ‘XTY Labs AI Residency Programme’, offering researchers short-term AI residency contracts ranging from six-12 months.

XTX says the programme is designed to provide elite researchers with the freedom, guidance and resources to create cutting-edge machine learning solutions tailored for the complexities of finance. Dr Wang is an award-winning machine learning specialist and brings a wealth of experience and extensive expertise in machine learning, optimisation and AI technologies to the role.

“It’s an honour to lead such a unique division where the brightest minds in AI and finance will converge to redefine the future of algorithmic trading,” says Wang. “Our mission is to rapidly turn the latest AI breakthroughs into tangible market advantages, and I eagerly anticipate the revolutionary solutions that will emerge from this truly unique endeavour.

“With a world-class team, unparalleled resources, and a culture that fosters pioneering research, the XTY Labs is poised to become the crucible of next-generation financial technologies,” he adds.

Dr. Alex Gerko, founder and co-CEO of XTX Markets, adds, “This launch is a response to the many queries we have had from exceptional candidates, who may not be ready to take the leap into finance full time. The programme is designed to match the experience of XTX researchers as closely as possible and it’s a fantastic opportunity for some to eventually transition into the core quant team at XTX.

“We look forward to supporting and nurturing the AI residents and seeing the developments from XTY Labs in the coming years,” he concludes.