Wintermute to invest $1B in HFT and AI data centers over 5 years

Wintermute plans to invest about $1 billion over the next five years in high-frequency trading and artificial intelligence data center infrastructure as it diversifies into traditional finance, Bloomberg reported. In an interview with Bloomberg, Wintermute CEO Evgeny Gaevoy said the firm is seeking to reposition itself as a dealer trading equities, commodities and foreign exchange, using major firms such as Jane Street Group and Citadel Securities as benchmarks, adding that it is competing with companies that have spent decades optimizing technology and infrastructure for the market and that the scale of investment is naturally significant.