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Alex Gerko’s edge as a trader comes from a supercomputer powered by geothermal energy in Iceland. Years before ChatGPT became a household name, his trading firm, XTX Markets, built an artificial-intelligence system aimed squarely at one goal: making money. That bold bet on AI has made XTX one of the most profitable players in the secretive world of algorithmic trading.
“All these HFT firms…are trying to leapfrog each other by becoming faster and faster,” Gerko said in a 2019 discussion with students, a video of which was viewed by The Wall Street Journal. “We decided we’re just not a part of this game.”
https://www.wsj.com/finance/alex-gerko-xtx-markets-ai-d155626a?mod=hp_lead_pos9
