A £2.48 million gift from founding and principal donor XTX Markets, the global algorithmic trading firm, will enable the endowment of a Maryam Mirzakhani scholarship scheme at the University of Oxford. The scheme has been established to help talented female graduates pursue doctoral studies in mathematics, paving the way for next generation of female Fields Medallists.

The new scholarships commemorate the life and work of Iranian mathematician Maryam Mirzakhani (1977-2017), who became the first female mathematician to win the Fields Medal in 2014. The medal is one of the highest global honours in mathematics, awarded to exceptional mathematicians under the age of 40 every four years.

Students in the Mathematical Institute. Photo credit: Oxford University Images / John Cairns

The Maryam Mirzakhani Scholarship aims to address the disproportionately low levels of representation of women applying for and completing postgraduate degrees in science, technology, engineering and mathematics disciplines. Nationally, only 29% of postgraduate research students identify as female, according to figures from HESA.

The gift from XTX Markets endows fully funded scholarships for students of any nationality to complete a standard four-year DPhil in Mathematics at Oxford’s Mathematical Institute, with the first scholar expected to commence their studies in October 2023.

Professor James Sparks, Head of Department for Oxford’s Mathematical Institute, said: ‘Addressing the under-representation of women on the DPhil in Mathematics programme and encouraging female students to pursue postgraduate study are key priorities for us in the Mathematical Institute. We're extremely grateful to XTX Markets for recognising and supporting our commitment with the Maryam Mirzakhani Scholarship, and for their wider support across the mathematical sciences.’

Simon Coyle, Head of Philanthropy at XTX Markets, said: ‘XTX Markets is proud to be the founding and principal donor of the Maryam Mirzakhani Scholarship at the University of Oxford. We hope that this prestigious opportunity will inspire more women to pursue mathematics at the highest level and support them to follow in Maryam Mirzakhani’s footsteps.’

XTX Markets is also supporting the Oxford University Graduate Scholarships for Ukraine scheme with a grant of £602,550 from its £15 million Academic Sanctuaries Fund, which was established to help deliver academic sanctuary for students and researchers affected by the war in Ukraine. The grant will help up to 18 graduate students who have been displaced by the war in Ukraine to complete a full-time taught master’s course at Oxford.

Further information about the Maryam Mirzakhani Scholarship can be found here.