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How a Supercomputer Is Ready to Mint Money Out of Mexico's Stock Market

  • Alberto Alonso says ‘geeks’ to gain prominence in stock trades
  • Believes his algo can mint money in market for foreign shares
Alberto Alonso, director of GACS, next to the Breogan supercomputer.

Alberto Alonso, director of GACS, next to the Breogan supercomputer.

Photographer: Susana Gonzalez/Bloomberg
Updated on

On a gated residential street about an hour’s drive south of Mexico City’s main business district lives Breogan, a $350,000 computer that Alberto Alonso built to shake up the nation’s stock market.

Alonso, 32, created the machine and the software it runs with a squad of eggheads including a trained atmospheric physicist and a robotics specialist. The algorithm the device uses automatically buys and sells shares when it spots an alluring trade, aiming to disrupt a market where business is still often done with a phone rather than a computer.