AI Interns to Earn $35000 a Month at XTX Markets as Alex Gerko Targets Top Talent

XTX Markets, the prominent algorithmic trading firm led by British billionaire Alex Gerko, is pushing the boundaries of financial technology by offering extraordinary monthly pay to aspiring artificial intelligence researchers. The company has announced a remarkable $35,000-a-month internship at its New York office, aimed at students eager to pioneer new frontiers in AI-driven trading strategies.

The internship, spanning 12 to 14 weeks, seeks individuals pursuing advanced degrees—ideally PhDs—in quantitative fields such as computer science, mathematics, or electrical engineering, with at least a year left before graduation. Designed for highly motivated students, the programme places a premium on those ready to tackle high-risk, high-reward research and swiftly implement cutting-edge techniques within XTX’s proprietary strategies.

Alex Gerko, whose journey began in one of Moscow’s less affluent suburbs, secured his PhD in mathematics before embarking upon a career in trading at Deutsche Bank. After roles spanning equities and foreign exchange, he subsequently moved to London and joined GSA Capital, before establishing XTX Markets as a spin-out in 2015. Today, Gerko’s fortune is estimated at £9 billion, as reported in the Sunday Times Rich List, marking him amongst Britain’s most influential taxpayers.

The successful applicants will join XTY Labs, launched by the firm in 2024 as an “academia-like” research centre. Here, interns will be encouraged to transform their theoretical advances in machine learning into real-world financial models, driving XTX’s edge in algorithmic trading.

XTX Markets’ push to attract top-tier AI talent aligns with Gerko’s broader ambitions. Earlier this year, he announced the launch of the 1729 Maths School in north London, the UK’s first dedicated secondary institution for exceptionally gifted mathematicians. True to Gerko’s philanthropic instincts, the school operates on a needs-blind basis, offering bursaries for those unable to afford its fees.

Applicants who excel during their placements could secure full-time research positions within XTX in either New York or London, cementing the internship as a pivotal opportunity for those wishing to shape the future of quantitative finance.