About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

XTX Markets Commits €1 Billion to Finnish Data Centre Complex

Subscribe to our newsletter

XTX, the London-based algorithmic trading firm, has announced plans to invest over €1 billion in a major data centre complex in Kajaani, Finland. The project represents one of the most significant data infrastructure investments in the Nordic region to date.

The development, spanning 478 acres, will begin with a 15,000-square-metre facility designed to support 22.5MW of IT capacity across three data halls. Scheduled for completion in 2026, the facility will also include office space for up to 50 staff. XTX plans to construct four additional data centres on the same site in subsequent phases.

XTX currently operates its computational research from a supercomputer in Iceland and relies on over 25,000 GPUs with 650 petabytes of storage. By building its own facilities, XTX departs from industry reliance on third-party providers, instead opting for in-house infrastructure to power its machine learning models.

Kajaani was selected for its energy efficiency advantages, including Finland’s low-cost electricity, tax incentives, and naturally cold climate, which supports sustainable cooling methods. XTX has also pledged to supply surplus heat generated by its data centres to the local community at no cost.

Joshua Leahy, XTX Markets CTO, commented: “We believe the best way to future-proof our business is to invest in our own infrastructure, which we can continue to leverage over time. Having our own data centers enable us to deploy increased computing power on our terms, cost-effectively, and in a way that keeps pace with our growing business. Our need for compute has outgrown available leasing options. We are building ahead of our needs to establish a backbone for future growth of the business.”

Founded in 2015 by former Deutsche Bank trader Alex Gerko, XTX Markets uses machine learning to trade equities, currencies, fixed income, commodities, and cryptocurrencies. With a daily trading volume exceeding $250 billion across 35 countries, the firm is a leader in high-speed trading technology.

The construction of the first data centre involves Finnish companies YIT for main construction work, Granlund Oy for design services, and A-Insinöörit Rakennuttaminen OY for construction management. The project is expected to create significant employment opportunities during its development phase.

Kajaani is also home to other large-scale data infrastructure, including the Lumi supercomputer, underscoring Finland’s growing status as a global hub for data centres.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: How to move to a modern, component based trading architecture using a Buy AND Build approach

Date: 7 May 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes To remain competitive in today’s electronic markets, firms need trading architectures that support rapid innovation, effortless integration of new capabilities, and the agility to respond to shifting market demands. This is prompting technology leaders to move beyond the traditional...

BLOG

LSEG Collaborates with AWS to Support Real-Time Data Infrastructure

London Stock Exchange Group has announced a collaboration with Amazon Web Services aimed at modernising the infrastructure underpinning its real-time market data services, as part of a broader cloud transformation strategy. Under the collaboration, LSEG will leverage AWS services to support the collection, routing, and distribution of its Full Tick and Real-Time Optimized data, while...

EVENT

Data Management Summit New York City

Now in its 15th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

What the Global Legal Entity Identifier (LEI) Will Mean for Your Firm

It’s hard to believe that as early as the 2009 Group of 20 summit in Pittsburgh the industry had recognised the need for greater transparency as part of a wider package of reforms aimed at mitigating the systemic risk posed by the OTC derivatives market. That realisation ultimately led to the Dodd Frank Act, and...