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How a Math Whiz Built a $700 Million Fortune Without Humans

How a Math Whiz Built a $700 Million Fortune Without Humans

Assessment

Interactive Video

Business

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The video discusses XTX, a market maker founded by Alex Gorko in London in 2015. It highlights the company's rapid revenue growth and unique office environment, which includes features like arcade games and LED lights. The video also covers an alumni program from the New Economic School in Moscow, which involves visits to XTX. The workforce at XTX consists mainly of computer scientists and mathematicians, emphasizing the importance of electronic trading in modern market making.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary focus of XTX, the company founded by Alex Gorko?

Real estate development

Manufacturing

Market making using algorithms

Retail sales

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the significance of the name 'XTX'?

It stands for 'Xtreme Trading Xperience'

It is a random selection of letters

It is named after a mathematical formula used in trading algorithms

It is the founder's initials

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What unique feature does the XTX office have?

A hallway with 30,000 LED lights

A traditional trading floor

A rooftop garden

A swimming pool

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of professionals does XTX primarily employ?

Computer scientists and mathematicians

Salespeople

Marketing experts

Traditional traders

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is electronic trading important for market making today?

It is a legal requirement

It allows for faster and more efficient trading

It is cheaper than traditional methods

It reduces the need for human interaction

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