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‘King of the geeks’: how Alex Gerko built a British trading titan

XTX Markets conquered foreign exchange trading and made its Russian-born founder a multibillion-pound fortune

If Alex Gerko had stuck with his plan A, he might have stayed a Russian academic rather than becoming one of Britain’s wealthiest billionaires with an estimated £12bn fortune.

After gaining a maths PhD in Moscow, however, Gerko concluded he could not be world-class as an intellectual.

Instead, he moved to London where, with the help of an Icelandic supercomputer and 25,000 AI chips, he built XTX Markets: an algorithmic trading firm and part of a new elite that has rewired financial trading.

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