Link: A profile of Alex Gerko, who used an Icelandic supercomputer and 25K AI chips to build XTX, an algorithmic trading firm that handles $250B of daily trades (Nikou Asgari/Financial Times)

Alex Gerko transitioned from a potential Russian academic to a billionaire in Britain with a £12bn fortune through his company, XTX Markets, which focuses on algorithmic trading.

By strategically utilizing an Icelandic supercomputer and 25,000 AI chips, XTX Markets established itself in the newly competitive landscape of financial trading that emerged post-2008 financial crisis.

XTX Markets stands out not only for its substantial daily trading volume of $250bn but also for its secrecy in trading strategies and focus on providing competitive asset pricing.

Despite possessing wealth epitomized by his expansive estate and quirky office décor featuring sci-fi memorabilia, Gerko’s true passion appears rooted in technological innovation in trading.

Utilizing artificial intelligence and massive computational power, XTX rivals traditional high-frequency trading by prioritizing data-driven strategies over mere speed, a point of contention with competitors.

The firm’s underpinning success hinges on its unique approach, blending advanced technology with a critical focus on market data to excel in financial trading, setting a benchmark much admired and envied by its peers.#

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