Chapter 78: Giving Earth a Printing Press

  Monday.

  Jinyuan International is ready again and will enter the North American stock exchange for a fierce battle.

  $17 million, amplified by 265 times leverage, totals $4.5 billion, which at a market price of $5,000 per arm, translates to 3.78 billion RMB, enough to buy 7.56 million arms, adding at least 3.78 million disabled individuals.

  Alternatively, investing this money in the boundless business of eating meat can buy 200 million kilograms of beef, weighing as much as 200,000 tons, enough to crush an aircraft carrier or let one person eat for 200,000 years...

  That much money is already somewhat passable in traditional stock trading firms. Their use of leverage is cautious, often speculating with their own capital. In futures trading, where 10 times leverage is commonly used, $450 million can also cause a small stir.

  In a world other than that of Wall Street monsters, this amount would be enough to make a decent-sized fortune by simply sitting back and collecting the benefits - of course, in a world other than that of Wall Street monsters, you wouldn't get 265 times leverage either.

  Before opening the city, Chen Yi did not expand his hunting range as others had imagined.

  On the contrary, he narrowed down his target exchanges to two: NYSE and Chicago Mercantile Exchange.

  This approach, although it cannot better capture high-arbitrage opportunities and thereby reduce profit margins, can effectively reduce the unit workload of "mermaids" and increase exchange rebates.

  At the same time, with the increase in funds, as long as the mermaid can maintain the fastest speed, it will be able to call the wind and rain in both exchanges.

  The dial tone of the conference call sounded, and Tang Xiongfei shouted excitedly: "Mr. Chen, we are all ready. In addition, the NYSE has promised us that as long as the daily trading volume reaches 1 million shares, they will give us a 3% rebate."

  "Twenty-two cents per hundred shares?"

  "Yes, at least $220,000 a day." Tang Xiongfei said as he turned his head to look around the room, where including himself and the accountant, there were only three people in total. It's unknown whether they would even need to pay $2 million in annual salary... The boss's daily pocket change was this amount...

  However, his mind is very balanced. Without his boss's words, he would still be struggling in Jiangning now, where is the feeling of being famous on Wall Street?

  In fact, anyone who has received a normal education will recognize the value of capital. Only a few people, such as Marx and his followers, would fail to see the significance of capital and attribute all the risks and intellectual investments made by capitalists to "surplus value". What surplus value is there in the world? The facts prove that without entrepreneurs, laborers would work themselves to death and still not have enough to eat. Without capitalists, laborers would ultimately die from exhaustion and starvation.

  Chen Yi was also tempted by the $2.2 million, calculating that 10 million shares were not many, mainly to seize market opportunities, after all, without market fluctuations, the turnover rate of NYSE and other institutions is not high. Otherwise, they would not rush to grab high-frequency traders into the game.

  "We're focusing on the NYSE today." He decided to narrow his focus again, as precision was the only choice after increasing capital, otherwise even a supercomputer couldn't catch all profitable opportunities in the market. In comparison, exchange rebates were relatively more stable.

  "It's started..." The trader suddenly shouted, ignoring the boss and others' orders, and clicked the mouse first to announce entry into the market.

  "The Sea Witch" Enters Wall Street.

  Tang Xiongfei stared at the trader, but there was actually no point in looking. So-called lightning trading is fast like lightning, everything is handled by computers, and humans only need to confirm the strategy.

  The trader had already completed all the preparatory work beforehand and only saw the constant jumping of buying and selling stocks on the screen, without needing any operation.

  "It's 10,000 shares already." Just two minutes later, Tang Xiongfei shouted out.

  "20,000 shares."

  "30,000..."

  Chen Yidang looked at him for a while, feeling that Tang Xiongfei was too noisy, and said straightforwardly: "Go to the bank, I've told you before, it's at least 500 times leverage."

  Tang Xiongfei suddenly looked embarrassed and whispered: "Boss, I've even approached the Bank of New Jersey, but these profiteers have very high demands..."

  "In two hours, you go find Mellon and tell them that if they can't give us 300 times leverage, we'll use another bank."

  "Which bank are you using?" Tang Xiongfei was confused for a moment, and after a while, he suddenly understood and exclaimed: "Boss, other banks only offer 200 times leverage, Mellon is already very good with 265 times, what if we leave Mellon?"

  Chen Yi hummed and said, "You just tell them."

  Lightning deal or high-frequency trading is necessarily the future development direction.

  Jinyuan International has proven its potential, and now is the time for various banks to scramble.

  Ignoring Tang Xiongfei's efforts, Chen Yi continued to lift his legs and drink the ginseng energy recovery tea.

  He was very clear in his mind that even a supercomputer like the Sea Witch, which was at the level of a demon, would not be installed on Wall Street in three years, let alone become popular.

  Even if it's an incomplete body of a sea monster, it is still one of the most powerful supercomputers in the world. Its existence is its greatest capital.

  New York's morning was unusually quiet.

  Gentlemen of Jin Yuan International, silently accumulating transaction figures and profits. Every time an account is settled, new profits are injected into the bank's margin to lever out more money for speculation.

  This way of calculating compound interest is thrilling and dangerous, far more so than any win or loss in a casino.

  It should be said that this is actually the world's largest casino. In comparison, the rough and barbaric Las Vegas seems like a child's plaything.

  At 2:00 p.m. Eastern Time, the gentlemen familiar with the NASDAQ market already knew that a new small securities firm of Golden Source International had joined their ranks.

  A turnover of 1 million shares per hour, it's natural to have a relationship with other traders. However, for those familiar with the Wall Street ecosystem, bringing in new blood is a natural thing.

  William Mellon from the investment department of Mellon Bank was the first to get the materials of Jinyuan International. He looked through the transaction details using his own funds as leverage, and after a long time, he put it down and instructed his secretary: "Please ask the manager of Jinyuan International to have coffee with me tonight."

  The secretary departed at the command, and William was there tapping on the desk, desperately thinking: "I haven't heard that all new parallel service providers have joined in New York, their computer speed seems a bit too fast?"

  So-called co-location server business is to set up one's own server right next to the supercomputer of a certain trading center, with both connected by optical fiber, thus even eliminating the time consumed by the short physical distance.

  The benefits are obvious, the supercomputer in the trading center transmits transaction information to screens in the hall, personal terminals and parallel server merchants at the same time. Without a doubt, the processing speed of the latter is tens of thousands of times that of the former two, making it possible for parallel service providers to know new transaction information much earlier, thereby increasing profits and reducing costs.

  However, each exchange also has its own ledger, although sacrificing the interests of individual investors, it tightly binds the server merchants to their own doors, especially with tens of millions of dollars in fees, which is a naked distribution of interests.

  After half a minute's consideration, William pressed the button on the desk decisively and said, "Jenny, please call Mr. Robert of IBM and say we want a faster computer."

  "Faster?"

  "That's right." William released the button and muttered to himself: "Always be the fastest person in the market."

  However, he would never guess in his wildest dreams that King Yuan International's computer was one of the world's top 10 supercomputers.

  This is hard to come by.

  At the same time, Merrill Lynch's investment arm is participating in Wall Street's feast as a high-frequency trader.

  Catherine, as the deputy general manager, "happened" to be on patrol here, wearing a beautiful and fitted purple suit, with her new boyfriend, Father Mark - a very strange and stylish profession.

  The Minister of Investment Department is an old subordinate of the president and also familiar with Catherine. Several people walked while introducing the work of the investment department.

  The so-called "deputy general manager", the word "general" is purely fake, and "deputy" is the real one.

  Catherine, who has just returned from Copenhagen Business School with an MBA, continues her previous career while interning at Merrill Lynch on the side.

  Of course, this internship is conducted in a rather high-end and happy way, as can be seen from the title of deputy general manager.

  A trader was busy working on the computer, Catherine couldn't help but notice his tight buttocks and walked over without hesitation. The minister continued to introduce: "This is our most advanced high-frequency trading system, mainly used for..."

  "Where are you from?" Catherine didn't hear him at all, her hand touched the trader's shoulder, then his arm...

  "...Georgia."

  "Not bad, I like Los Angeles."

  Los Angeles in California.

  Catherine decided to change the subject, with both hands on his shoulders, saying: "Do you often go to the gym?"

  The trader's face turned black and he shifted uncomfortably: "Every week."

  Mark thought he should speak up, although he didn't really think much of it, and pointed at the screen: "Is this your trading system?"

  "That's right, with at least 500,000 shares traded every day, the exchange commission alone is over $100,000. We use three parallel large computers..." The minister finally felt a bit relieved and spoke without pause.

  "He immediately pointed to the screen and said, 'It's divided into two parts. The lower part you're seeing now is the normal stock price, with red representing an increase and green a decrease. In the upper half, it shows our profit situation. White represents no profit from transactions, just for earning commissions from the exchange. Yellow represents losses, which we can't see now because we have almost no losses. Similarly, blue is our favorite color, representing profitable transactions..."

  "What's that orange thing?" Mark asked suddenly.

  The minister tapped the screen with his hand and smiled: "Orange is not good, we need to be on high alert. This means that our prepared trading orders have been snatched away by other high-frequency traders first, which usually doesn't happen."

  "Are these orange? Or is it just the monitor's color display..."

  The minister had already turned back, with a thin layer of fine sweat on his forehead.

  The entire top half of the screen is almost completely covered in orange.

  ……