Billionaire Quant Trader Alex Gerko Named UK’s Biggest Taxpayer

Alex Gerko built a quantitative trading firm over the past decade that handles almost $300 billion in daily volume across equities, commodities, currency and fixed income. It’s made him a billionaire several times over, and it’s now earned him the status of the UK’s biggest taxpayer.

Alex Gerko

Photographer: Rahul Singh/XTX Markets Ltd.

The XTX Markets founder contributed about £487.4 million ($602.5 million) to Britain’s public finances in the past year or so, according to the latest Sunday Times Tax List. The former Deutsche Bank AG trader’s London-based firm paid a dividend of almost £1.3 billion in March as it reaps the benefits of volatile ...