Gerko to exit GSA and set up market-making business
New operation will be dubbed XTX
Alex Gerko and his market-making team will spin out of GSA Capital Partners to establish an independent electronic market-making business, starting on July 1, severing ties with the GSA International Fund.
The new operation, dubbed XTX, will aim to offer a global market-making platform across multiple asset classes with a fundamentally different approach to GSA's business, which focuses on providing a range of quantitative investment strategies to investors.
"I am hugely excited to be announcing
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