XTX Markets Launches New Machine Learning Division XTY Labs, Led by Atlas Yang

February 22, 2024 -  XTX Markets, a leading algorithmic trading firm, today announced the launch of XTY Labs, a new machine learning division to be led by newly appointed Research Director Dr. Atlas Wang.

 

XTY Labs will focus on pioneering advancements in artificial intelligence to develop innovative solutions tailored for complex financial markets. The division also plans to launch an "AI Residency Program" offering elite machine learning researchers short-term residencies to collaborate with XTX Markets' world-class team.

 

"I'm thrilled to join XTX Markets and lead this exceptional team of AI and finance experts," said Dr. Wang. "XTY Labs provides a unique opportunity to rapidly translate leading-edge AI innovations into tangible trading advantages. With unmatched resources and a culture fostering pioneering research, I'm confident we can redefine algorithmic trading with revolutionary machine learning technologies."

 

Dr. Alex Gerko, Founder and Co-CEO of XTX Markets, said: "We are excited to welcome Atlas and launch XTY Labs in response to rising demand from exceptional researchers seeking opportunities beyond academia. This program matches the experience of our researchers and serves as a bridge for some to eventually join our quantitative team."

 

XTY Labs will leverage XTX Market's expansive computing infrastructure, containing over 100,000 CPU cores and 20,000 GPUs alongside rich datasets. The division offers AI residencies for specialised researchers to develop impactful solutions at the intersection of machine learning and finance.

 

Dr. Wang brings over a decade of machine learning expertise across industry and academia. He joins XTX Markets from the University of Texas at Austin, where he held an Associate Professor position. His distinguished background includes numerous awards, such as the IEEE AI's 10 to Watch and an NSF CAREER Award.

 

XTX Markets is a leading algorithmic trading company and has over 200 employees based in London, Paris, New York, Mumbai, Yerevanand Singapore. XTX provides liquidity in the Equity, FX, Fixed Income and Commodity markets and trades over $250bn a day across markets.

 

XTX Markets' expansive research cluster contains 100,000 cores and 20,000 A/V100 GPUs and is growing.  We also have 390 petabytes of usable storage and 7.5 petabytes of RAM.

 

Alongside rich datasets and advanced technological infrastructure we are at the forefront of the crossover of finance and technology.

 

XTX's corporate philanthropy focuses on STEM education and maximum impact giving (alongside an employee matching programme). Since 2017, XTX has donated over £100mn to charities and good causes, establishing it as a major donor in the UK and globally.

 

XTY Labs is designed to be a home for those eager to pioneer the future of algorithmic trading, with a strategic focus on developing and applying novel machine learning techniques to financial data.

 

The division will be situated in Hudson Yards (New York) where researchers will have the opportunity to explore new ideas and transform their advanced machine learning research into real-world financial solutions, backed by XTX Markets' expansive research cluster containing 100,000 cores and 20,000 A/V100 GPUs and growing, alongside rich datasets, and advanced technological infrastructure.

 

Emphasizing practical application, the Lab's mission is to swiftly integrate successful models into the market, directly enhancing XTX Market's trading strategies and operations. This direct pipeline from research to implementation establishes the XTY Labs as a premier destination for those looking to make a significant impact in the financial sector through original machine learning research.

 

XTY Labs is seeking AI Residents with a history of significant contributions to research in elite academic settings, such as PhDs, post-docs, or professorships to join the XTY Labs AI Residency Program. Exceptional machine learning researchers looking to explore how their expertise can revolutionize the finance industry will find fertile ground for research breakthroughs at the intersection of AI and finance within the XTY Labs.

 

There are two pathways within the AI Resident Program, designed to accommodate professionals at varying stages of their research careers, with both Junior and Senior AI residencies, each tailored to align with the applicants' research experience and expertise.

Top-performers from the program will have the opportunity to transition into the core quantitative team of XTX Markets in London.

 

Dr. Atlas Wang has been a tenured Associate Professor at The University of Texas at Austin and has held various industry roles, most recently appointed as the new Research Director at XTX Markets. Dr. Wang, with a distinguished academic and professional track record, brings extensive expertise in machine learning, optimization, and AI technologies.

 

His research focuses on efficiently training and scaling foundational models, model robustness, and generative AI, among other areas.

 

Dr. Wang has received numerous awards, including the IEEE AI's 10 To Watch Award, an NSF CAREER Award, an ARO Young Investigator Award, and many other accolades from industry and professional societies.