How a math whiz built a $700 million fortune without humans
Dec.05 -- XTX Markets Ltd, a market maker that can handle $150 billion in daily trading volume, reported a 2018 profit that more than doubled from the previous year by relying on data analytics, massive computing power, and no human traders. Bloomberg’s Sarah Ponczek reports on "Bloomberg Daybreak: Americas."
UP NEXT
NOW PLAYING: Video
How a math whiz built a $700 million fortune without humans
Bloomberg
UP NEXT
-
5 daily habits that are draining your paycheck
GOBankingRates
-
The salary you need to afford a house in the Midwest
-
Here's a breakdown of Prince Harry and Meghan Markle's current income
CNBC
-
Will Bed Bath & Beyond go out of business?
Fox Business
-
Gambling companies pay millions for sports stats
CBS News
-
Is Chelsea Clinton an example of 'crony capitalism'?
-
California is suing a billionaire for blocking access to a beach
CNN
-
Things to consider when buying your first home
Buzz60
-
5 cities where paychecks are surprisingly low
-
Facebook, eBay start cracking down on fake reviews sold online
Veuer
-
The best of CES 2020, from S-Pods to smart PJs
The Wall Street Journal.
-
Apple forever changed the biggest tech event of the year by not showing up
Business Insider
-
How this man went from broke to inspiring millions
-
Awkwardly designed toilets used to combat procrastinating employees
USA TODAY
-
Illinois pot dispensaries pause sales due to low inventory
-
Pier 1 Imports closing nearly half of its stores
![image beacon](https://web.vortex.data.msn.com/collect/v1/t.gif?name='Ms.Webi.PageView'&ver='2.1'&appId='JS:MSN'&ext-app-env='prod'&ext-javascript-libver='4.0.0-beta-10'&ext-user-localId='t:1E919DECA2F069F1394593C1A363681E'&*baseType='Ms.Content.PageView'&*isJs=False&*title=''&*isLoggedIn=False&*isManual=True&*serverImpressionGuid='1ae77f70-4bbd-408e-9793-e7b045cc4a3d'&-ver='1.0'&-impressionGuid='1ae77f70-4bbd-408e-9793-e7b045cc4a3d'&-pageName='channelplayerpage'&-uri='https%253A%252F%252Fwww.msn.com%252Fen-us%252Fmoney%252Fvideo%252Fhow-a-math-whiz-built-a-dollar700-million-fortune-without-humans%252Fvi-BBXOtVF'&-referrerUri='https:%2F%2Fwww.msn.com%2Fen-us%2Fmoney%2Fmarkets%2Ftrump-says-dow-would-be-10000-points-higher-without-trade-war%2Far-AAGO85h'&-pageTags='{"pg.t":"video"%2C"pg.p":"prime"%2C"pg.c":""%2C"ex":""%2C"rid":"1ae77f70-4bbd-408e-9793-e7b045cc4a3d"%2C"di":"7290"%2C"partner":"Bloomberg"%2C"publcat":"Bloomberg%2BLP"%2C"cvs":"Browser"%2C"subcvs":"finance"%2C"entityId":"BBXOtVF"%2C"entitySrc":"vi"%2C"provid":"AAjfXM"%2C"dpt":"finance-video"%2C"sdpt":""%2C"ar":"0"%2C"dgk":"downlevel.pc"%2C"imd":"0"%2C"parentId":""%2C"pgIdx":""%2C"pgTot":""%2C"anoncknm":""%2C"afd":""%2C"issso":"0"%2C"aadState":"0"}'&-behavior=0&-market='en-us'){kind=small}