Overview
- The company announced Wednesday that it will spend about $1 billion over five years to build high-frequency trading systems and AI data-center capacity to trade equities, commodities, foreign exchange and prediction markets.
- Wintermute’s U.S. affiliate secured broker-dealer status last week, which allows the firm to trade stocks and options and act as an authorized participant for exchange-traded products.
- Management says the investment will be paid from retained earnings and that the firm was profitable in 2025 and expects to remain so this year.
- The move responds to weaker crypto activity: average daily crypto volume fell to roughly $10 billion in 2026 from about $15 billion in 2025, and non-crypto revenue currently makes up about 10% of the business.
- The plan includes doubling the New York team from 17 people and raising global headcount about 40% next year, but Wintermute will face large incumbents that already operate extensive low-latency trading networks and data centers.