Chapter 78: Put money on the earth
on Monday.
Jinyuan International is ready again and enters the North American exchange to fight.
1.7 million, amplified by 265 times leverage, the total amount is as high as US$450 million. At the market price of 5,000 yuan, this amount of funds converted into RMB can buy an arm and add at least a disabled person.
Or, if you invest this money in an unlimited career of eating meat, you can buy 200 million kilograms of beef, weighing 200,000 tons, which can crush an aircraft carrier, or let a person eat for 200,000 years...
So much money is a bit perceived among traditional stock traders. After all, their leverage is cautious and they often speculate with their own funds. In futures trading where 10 times leverage is often used, US dollars can also attract a little attention.
If it weren't for the monster world like Wall Street, this amount could even be a big and small farmer and reap the benefits of the fisherman - of course, if it weren't for the monster world like Wall Street, it wouldn't have gotten 265 times the leverage.
Before the market opened, Chen Yi did not expand the hunting scope as others imagined.
Instead, he narrowed his target exchanges to two, namely the New York Stock Exchange and the Chicago Mercantile Exchange.
Although this approach cannot better seize the opportunity of high arbitrage and thus reduce profit margins, it can effectively reduce the unit workload of "Sirens" and increase exchange rebates.
At the same time, as the amount of funds increases, as long as the Siren can maintain the fastest speed, it will still be able to get the wind and rain in these two exchanges.
The "beep" sound of the call started, and Tang Xiongfei yelled with a surging point: "Mr. Chen, we are all ready. In addition, the New York Stock Exchange promised us that as long as the turnover rate of one million shares a day reaches 1 million shares, we will increase the rebate by 3 points."
"22 cents per 100 shares?"
"Yes, at least 220,000 US dollars a day." Tang Xiongfei looked back as he spoke. He and the accountant were added to the room. There were only 3 people in total. I don't know if I need to pay a salary of 200,000 US dollars a year. The boss's fraction of the day is this number...
However, his mentality was very balanced. Without his boss, he was still living in Jiangning and did not feel like he was in the forefront of Wall Street.
In fact, anyone who has received normal education will recognize the value of capital. Only a few people, such as Marx, who are sensational and popular, will not see the meaning of capital, and will consider the risks and intellectual investment of capital investment as "surplus value" - where is the surplus value in the world - It turns out that without a hard work, the laborer will not be able to eat enough to be exhausted, and without a capitalist, the laborer will eventually be exhausted and starved to death.
Chen Yi was also quite tempted by the $220,000. It was not much to calculate that 1 million shares were not much. The main thing was to seize the market opportunity. After all, without market fluctuations, the turnover rate of institutions such as the New York Stock Exchange was not very high. Otherwise, they would not have to rush to catch high-frequency traders to enter the market.
"We are the main business of the New York Stock Exchange today." He decided to narrow the scope again. Essential cultivation is the inevitable choice after the amount of funds increases. Otherwise, no matter how a supercomputer is, it will not be able to capture all the opportunities to make money in the market. In contrast, the rebates on the exchange are relatively stable.
"It's started..." The trader suddenly shouted, not caring about the orders of the boss and others, and took the lead in clicking the mouse and announcing his entry into the market.
"Simon" enters Wall Street.
Tang Xiongfei stared at the trader, but in fact there was no point in seeing it. The so-called lightning trading is as fast as lightning. Everything is handled by a computer. People only need to determine the strategy.
The trader had already completed the preliminary preparations, but he saw that the stocks he bought and sold were constantly jumping on the screen, without any operation at all.
"It's 10,000 shares." Tang Xiongfei shouted in just two minutes.
"It's 20,000 shares."
"30,000..."
Chen Yi looked at it calmly for a while and felt that Tang Xiongfei was too noisy, so he simply said: "Go to the bank and told you that you need at least 500 times the leverage."
Tang Xiongfei suddenly became depressed and whispered: "Boss, I have even looked for the New Jersey Bank. These snobbish requirements are very high..."
"In two hours, you go to Mellon and inform them that if we can't give us 300 times of leverage, we will use other banks."
"Which bank is used?" Tang Xiongfei was confused and waited for a while before he realized it. He immediately shouted: "Boss, other banks only give 200 times leverage. It is already very good for Mellon to give 265 times. What should we do if we leave Mellon?"
Chen Yi snorted and said, "Just tell them."
Lightning trading or high-frequency trading will inevitably be the future development direction.
Jinyuan International has proved their potential, and it is time for banks to compete.
Ignoring Tang Xiongfei's efforts, Chen Yi continued to drink ginseng and restore the potion tea with his legs raised.
He knew very well that a monster-level supercomputer like a Siren would not be able to install one on Wall Street in three years, let alone become popular.
Even the complete Siren is still one of the most powerful supercomputers in the world, and its existence is the greatest capital.
The morning in New York was extremely quiet.
The gentlemen of Jinyuan International silently accumulate transaction numbers and profits. Whenever an account is settled, new profits will be injected into the bank's margin, thereby leveraging more money for speculation.
This compound interest calculation method is dangerous and exciting, far faster than the winning or losing in the casino.
It should be said that this is the largest casino in the world. Compared with this, the savage and rough Las Vegas is more like a child's thing.
At 2 p.m. Eastern Time, gentlemen who are familiar with the Nasdaq Market already know that a new small brokerage firm from Jinyuan International joined them.
The turnover rate of 100,000 shares per hour is naturally necessary to have relationships with other traders. However, for gentlemen who are familiar with the Wall Street ecosystem, adding new blood is a natural thing.
William Mellon, who came from the investment department of Mellon Bank, was the first to get the information from Jinyuan International. He checked the transaction details using his own funds as leverage one by one, and after a long time, he put it down and ordered the secretary to say, "Please ask the manager of Jinyuan International to have coffee. Tonight."
The secretary obeyed the order and left, William knocked on the table there, thinking desperately: "I haven't heard that all the new parallel service providers of the New York Stock Exchange have joined, and their computer speed seems to be a bit too fast?"
The so-called parallel server dealer means simply setting up its own server next to a supercomputer in a trading center, and connecting the two with optical cables, thus omitting the time spent on a short physical distance.
This benefit is very obvious. The supercomputer in the trading center also transmits transaction information to the screens in the hall, personal terminals and parallel server vendors. There is no doubt that the processing speed of the latter is tens of thousands of times that of the first two, allowing parallel service providers to obtain new transaction information longer in advance, thereby increasing profits and reducing costs.
However, major exchanges also have their own books. Although they sacrifice the interests of retail investors, they firmly tie the parallel server vendors to their own doors, especially the charges of hundreds of thousands of dollars, which is a very profit distribution.
After thinking for half a minute, William immediately pressed the button on the desktop and said, "Jenny, please come from Mr. Robert of ibm and say we want a faster computer."
“Faster?”
"That's right." William let go of the button before saying to himself: "Always be the fastest person on the market."
However, even if he wanted to break his head, he would not guess that Jinyuan International's computer is the top 10 super products in the world.
This is not easy to buy.
At the same time, the investment department under Merrill Lynch Bank is participating in the Wall Street feast as a high-frequency dealer.
As the deputy general manager, Katherine "she happened to be here" to inspect. She was wearing a beautiful purple suit, holding her newly conquered boyfriend, Father Mark - a very strange and romantic profession.
The Minister of the Investment Department is an old subordinate of the president and is also very familiar with Catherine. Several people introduced the work of the Investment Department while walking.
The so-called "deputy general manager", the term general manager is purely false, while "deputy" is real.
Catherine, who had just returned from Copenhagen Business School, not only continued her former romantic business, but her side job was an internship at Merrill Lynch Bank.
Of course, this internship is conducted in a very high-end and happy way, which can be seen as the title of deputy general manager.
A trader was busy working in front of the computer. Catherine valued the other party's perky little butt and walked over without hesitation. His Excellency the Minister also introduced: "This is our most advanced high-frequency trading system, the main function..."
"Where are you from?" Catherine didn't listen to him at all, touching her arm on the trader's shoulder, and then her arm...
“…Georgia.”
"It's really good, I like Los Angeles."
“…Los Angeles are in California.”
Katherine decided to change the topic, put her hands on his shoulders and said, "Go to exercise often?"
The trader's face turned dark and he moved his body uneasyly: "Go every week."
Mark felt that it was time to come forward. Although he didn't actually feel anything, he still pointed to the screen and said, "Is this your trading system?"
"That's right, at least 500,000 shares are traded every day. The exchange's kickbacks alone cost more than 100,000 US dollars. We use three large computers that are parallel..." The minister finally felt relieved and did not stop speaking.
He immediately pointed to the screen and said, "It is divided into two parts. The lower part you see now is the normal stock price, red represents rise and green decrease. In the first half, it shows our profitability. White is no profitable transactions, in order to earn commissions on the exchange, yellow represents loss, and now it cannot be seen because we have almost no losses. The same blue is our favorite color, representing profitable transactions..."
"What is orange?" Mark suddenly asked.
The minister poked the screen with his hand and smiled: "Orange is not good. Be vigilant, which means that the order we are preparing to trade has been snatched away by other high-frequency traders first. Such things generally won't happen."
Mark said in confusion: "Are these orange? Or are they the color of the monitor..."
The minister had already turned his head and there was a fine and dense sweat on his forehead.
The entire upper half of the screen has almost been covered in orange.
...
Chapter completed!