Economics
Math Whiz Trades Without Humans to Make $700 Million Fortune
- Alex Gerko’s XTX Markets more than doubled profits last year
- Market-maker can handle $150 billion in daily trading volume
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When alumni of the New Economic School gathered in London in September for their first informal meeting outside Russia, the two-day program included lectures from former graduates, guests such as billionaire Alfa-Bank Chairman Petr Aven and evening drinks at local pubs.
They were also offered a tour of the Kings Cross office of XTX Markets Ltd., founded by a former student at the prestigious school, Alex Gerko. There the guests could view the company’s replica Apollo 11 landing capsule, arcade machines and a hallway aglow with more than 30,000 LEDs generating cell life-cycle simulations.