A lexander Gerko is a mathematician and financial trader who founded XTX Markets, a leading quantitative trading firm based in London. Born in Moscow, Gerko earned a doctorate in mathematics from Moscow State University before embarking on a career in finance. He worked as an equities trader at Deutsche Bank and later as a quantitative researcher at a hedge fund, where he honed his skills in algorithmic trading.
In 2015, he founded XTX Markets, which quickly grew into one of the largest market makers in the world. The firm uses sophisticated statistical models and massive computing power to trade across a wide range of asset classes, including equities, currencies, and commodities. Unlike traditional trading firms, XTX has no human traders; all decisions are made by algorithms. Gerko's success has been meteoric, and he has become one of the UK's top taxpayers. He is known for being media-shy but is also a significant philanthropist, focusing on mathematics education and research.
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Alexander Gerko, born in Moscow, Russia, on December 3, 1979, is a self-made British billionaire and the brilliant mind behind the quantitative trading powerhouse, XTX Markets. His background is rooted in intense intellectual rigor; he grew up in a middle-class family in Moscow and showed an 'exceptional mathematical talent' from an early age, even aspiring to win a Fields Medal.
Gerko's education was formidable: he holds a Bachelor's, a Master's, and a PhD, all in Mathematics, from Moscow State University. He later secured a Master of Economics from the New Economic School. In 2006, realizing he might not reach 'world-class status' as a pure academic, he made the decisive shift to finance, relocating to London to apply his quantitative skills to the markets. He officially renounced his Russian citizenship in 2022 and is now a British citizen.
Alexander Gerko began his finance career in 2004, trading equities at Deutsche Bank before transitioning to foreign exchange (FX) trading. In 2009, he joined GSA Capital, a quantitative hedge fund, where he built and expanded the currency trading desk. However, his entrepreneurial ambition demanded complete control over profits for reinvestment, leading him to negotiate a spin-off.
In January 2015, Gerko launched XTX Markets, naming it after a mathematical concept used in linear regression. XTX Markets is an algorithmic trading company that uses advanced models to act as an electronic liquidity provider, trading price differences across global venues. The firm rapidly grew into a financial powerhouse, handling almost '$300 billion in daily volume' across equities, currencies, and commodities. This astonishing growth transformed Gerko into one of the wealthiest individuals in the UK, earning him the status of the UK's biggest taxpayer in 2023, contributing an immense £664.5 million to public finances.
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Began his career trading equities at Deutsche Bank.
Relocated from Russia to the United Kingdom.
Founded XTX Markets, an algorithmic trading firm.
Acquired British citizenship.
Renounced his Russian citizenship. XTX Markets reported a 64% profit increase to £1.1 billion.
Named the UK's largest individual taxpayer, contributing £664.5 million.
Established the family office 'Cromulon Capital'.
Continues to donate vast sums to AI-powered mathematical research.
Alexander Gerko’s massive self-made wealth is based on his 75% majority interest in his highly profitable quantitative trading firm, XTX Markets, which operates at the forefront of automated financial markets.
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Alexander Gerko is one of the UK’s most active philanthropists, channeling his giving toward the development of mathematics, science, and social mobility, reflecting the intellectual foundation of his success. Since 2020, he has committed large sums to education and research, with total donations approaching '$400 million'.
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“My success and that of XTX Markets has been built on mathematics. Supporting the new Friends of IHES endowment fund is a way for me to ensure that mathematical knowledge keeps on advancing.”
“AI is opening new doors for mathematical discovery and collaboration in ways that were never before possible.”
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+0.03% | +$0.70M
+0.21% | +$24.32M
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