Soviet Godfather

Vol 5 Chapter 156: Too big to fall

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Meetings with no results are no longer needed. The response of the global market is the best judgment. Mikhail already knows how to do it. What he has to do now is to keep the program that has not passed the test in the computer room. Go on, and at the same time open the largest funding authority to the computer.

The US financial market has just tested electronic trading, and most companies still regard traders as the most reliable. You know that hiring a skilled trader on Wall Street can cost a lot of money. Sergei knows that the future of the market cannot be determined by those wearing red vests on the NYSE. Most of the transactions are done silently in a quiet computer room.

When the opening bell of the New York Stock Exchange struck, a large number of purchase orders began to flow into the electronic trading system of the New York Stock Exchange through various channels. Long before the Iridium Internet service began to be commercialized, the New York Stock Exchange and the Nasdaq Gram has already used computers to carry out delivery statistics. Just a few minutes ago, the news that the Toronto stock market had begun to plunge had made Wall Street give up the last glimmer of illusions, and now ordinary people with a little common sense know that a cruel plunge is inevitable.

All institutions are now a strategy, selling, selling, selling all short-term investment orders and long-term investment orders that can be sold, and try to recover losses as much as possible. But when everyone sells in one direction, who gets the deal before everyone else becomes a crucial factor. Even if it is a skilled trader, the selling speed cannot be compared with the computer.

The ever-increasing spreads created the best practical opportunity for Columbia Bank’s high-frequency trading system, while the IBM trading programs of other institutions sent a large amount of transaction data to the New York Stock Exchange, causing network congestion. In this case, High-frequency trading data has the highest passing authority, which gives the Bank of Colombia an excellent opportunity to make profits.

All kinds of transaction data crazily flooded into the servers of the New York Stock Exchange and Nasdaq. And only the transaction data of the Bank of Colombia can be unimpeded. Many people put up buy orders and want to take advantage of the chaos to pick up some cheap stocks, but they regretted that they did not have enough estimates of the situation and lower prices appeared. At this time, they wanted to withdraw their orders but because of network delays. Unable to do so, this creates room for Colombia's high-frequency trading system to exploit loopholes. Many people's quotation machines show that uncompleted transactions have actually been successfully obtained by high-frequency trading systems.

At this moment, the high-level door of the Bank of Colombia is waiting in the conference room. The IT service staff inside the bank sent the data to the list display screen in the meeting room. As the profit amount calculated by the computer rose steadily, Mikhail finally relaxed.

"Unexpectedly, making money can be so easy, this machine is simply a money printing machine!" Someone said with sincere emotion.

"I really don't know how many traders we need to hire in the future. It seems that even the best traders are not opponents of computers!" Someone said pessimistically. He has seen that once this system is promoted, there may be some in the future. Many traders who wear red vests hoarse in the lobby of the New York Stock Exchange will lose their jobs.

Bill Gross did not make any comments. In fact, high-frequency trading is not mysterious at all. Even elementary school students can easily understand its principles. That is to find the buy and sell orders with a spread before everyone at the fastest speed, and then deal with each party once. This is actually a kind of cheating, but when electronic trading first appeared on Wall Street, the New York Stock Exchange probably didn't know this kind of cheating. High-frequency trading is an artifact of cheating that makes Colombian banks very profitable, and Colombian banks will never be noticed by outsiders. In other words, the Bank of Colombia was invincible before the regulators sealed the loophole of high-frequency trading.

Mikhail left the company early after observing for a while. Now he doesn't need to worry about it anymore. He wants to go back and report to Sergei about the results of the high-frequency trading system. Then take a good night's sleep. Today's transaction is conservatively estimated to make a profit of 700 million. There is no pressure to earn this kind of money.

When Mikhail returned to his residence by helicopter, he made a phone call with Sergey Sha, and Mikhail praised the high-frequency trading system. Sergei Sha was not too excited about this, because when he proposed to develop this system, he already knew that it would be invincible. Sergei reminded Mikhail to slowly intervene in some blue-chip stocks with long-term investment value, such as General Motors, after the stock market stabilizes. Because the current wealth of the Bank of Colombia is still mainly cash, this is not normal for a financial institution as large as the Bank of Colombia.

"Mikhail, what do you think of our parent company, Philip Morris, who took over Marlboro? When we first met Marlboro cigarettes, it was a best-seller on the black market." Sergey Sha suggested ~www. wuxiaspot.com~Tobacco company, great idea! The cash flow is sufficient, but it is not easy to operate, after all, tobacco companies are not short of money. "Mikhail said emotionally.

"It doesn't matter, you can ask Blackstone's Peterson. They are experts in this area. I think we may be able to take advantage of the decline in stock prices to eat a lot of shares in these companies. In this market environment, there should be no one with us. Grab the chips?" Xie Liaosha suggested.

"Sergeysha has just begun to fall now. Are we a bit at a loss when we make a move?" Mikhail wonders why Sergeysha is so anxious. If it is an investment, wouldn't it be better to wait until the stock price is lower?

"Mikhail, I hope Columbia Bank can truly stand on Wall Street, but our customers are mafia besides drug lord, and it is too dangerous to do business with them. I hope Columbia Bank will become the first-choice bank for financing American companies. , Only in this way can we have the opportunity to reach the level of Goldman Sachs. At that time, we will have a large and infallible position, and this matter of our money laundering will truly be free from the control of any law and government. Get true In order to obtain this status, we must control as many top companies in the United States as possible. Until one day, the Fed must consult us when formulating any policies.” Sergey Sha explained.

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