Hearing that a competitor appeared, Zhang Chen was not surprised by this, nor was he as frustrated as Bellankefen.

First, the money came too easily, and the profit had far exceeded Zhang Chen's expectations. If you get wealth too easily, you will not cherish it too much, and this is how people feel.

Second, hearing that there were competitors appearing, Zhang Chen's heart was a little relaxed, if there were no competitors, Zhang Chen himself wanted to set up another company, and also do lightning transactions, fighting left and right.

Cowyce Capital's current profits, profits from flash trading and market trading account for at least 70% of all profits, just three months of operation, it is the time to get the money soft, and now suddenly there are competitors out to get a piece of the pie, saying that it is not depressed, it is obviously false.

In the last month alone, the Cowyce Fund has made a profit of $700 million in lightning trading and received more than $130 million in rebates from the four major exchanges, totaling $850 million.

What is the concept of 850 million dollars?

In 1997, Ford made a profit of $5.6 billion for the whole year, and on average, the profit was just over $400 million per month.

You know, Ford is a century-old store and one of the world's largest car companies, selling 7 million cars worldwide in 1997. But it is such an American economic giant, and the monthly profit is only half of the monthly profit of the lightning trading business of the Cowyce Fund!

What's more, Cowyce also has profits from the traditional hedge fund business, which may not even reach 40 percent if you count this part.

It can be said that among the world's top 500 companies, the monthly profit can exceed that of Coyce, and it will not exceed 50.

Of course, there are still many companies on Wall Street that can achieve this profit target, so all companies in the world are actually working for Wall Street.

In the end, the hard-earned money of the industry is easily harvested by the greedy bankers, and this is the rule set by the monopoly capital of Wall Street for the world economy.

Just imagine, in this situation, it is not easy for Cowyce to be able to monopolize the flash trading and liquidity market for nearly four months.

Everything is like this, the giants of Wall Street have not blocked Cowes until now, but they just feel that there is no threshold for this thing, and it takes them a few months to study it, and they can immediately regain the lost ground, and because of the lightning arbitrage trade, they may make more money than before. At this time, the collective blocking of lightning transactions will not cut off one's future financial route.

But giants are also people, and they are also a collection of people, a little-known fund company makes a lot of money every day, and he can only stare at it, the time is short, but no one can stand it for a long time.

If competitors fail to make a breakthrough, it's hard to say if something will happen.

Of course, these greedy capitalists on Wall Street first resorted to still legitimate means, such as cutting off Coyce's flow, not investing in Coyce, not accepting Coyce's liquidation agency business, and so on. After all, they are all in a circle, and the necessary rules still have to be followed.

Although the Cowyce Fund does not have much demand for external funds, it is only a small fund after all, and its influence in the industry is limited.

Zhang Chen didn't care too much about Merrill Lynch's entry into the lightning trading business.

In addition, the Alpha Go 2.0 version is almost complete, and the new blade server fleet has also been developed, and by then the hardware speed and algorithm advantages will still be able to reap most of the profits in this market.

It's a matter of degree.

A small company, if it enters a mature market and starts to grab orders, nine times out of ten it will be slapped to death by the bigwigs, and the bigwigs will not agree to a rising star to go wild in their own chassis.

On the other hand, if the small company is successful in a blank field, and the giants see the opportunity and enter it, even if the small company still maintains a market leader in the short term, as long as the giants can get a piece of the market, the giants will have a certain tolerance.

Not to mention Apple and Microsoft in the technology world, just in the field of capital, JP Morgan used to be a small company, and Goldman Sachs was also a small company in the thirties, and every small company actually developed in this way.

But for Bellankefen, Zhang Chen obviously couldn't show a relaxed attitude. Any manager, when facing employees, will portray the prospect of success as bright, and the road to success as tortuous, so that employees are full of hope for the future at the same time, redouble their efforts, and make more money for themselves.

"I'm afraid it's not just Merrill Lynch. Zhang Chen looked serious, "As far as I know, the automated trading systems of Bear Stearns and Goldman Sachs have also been almost developed, and in the past two months, it has been difficult to recruit talents in algorithms, and it is impossible to find very good talents for three times the salary." I think there will be more juxtaposition service providers entering this field in the future. ”

Belankefen looked worried: "Yes, we have calculated that when there is a service provider with a similar computing speed to our host, our profit will be reduced by 60%, and if there are two, it will be reduced to less than 30%. How to maintain our dominant position is the most important and urgent matter. ”

Zhang Chen nodded and said: "Yes, so the redevelopment of AlphaGo and supercomputing still needs to speed up the progress and not relax." ”

Belankefen thought so, and rejoiced: "Before, you asked Cowes to spend 10% of the profits on research and development, and said that you would introduce supercomputers into the deal, at that time we thought it was a bit too wasteful, and now it seems that the lightning deal will definitely become an arms race in the end." Whoever has the better algorithm, the faster the computer and the faster the transfer speed, the more it will occupy the market. ”

Zhang Chen smiled slightly, and said in his heart, what is this, compared to the hardware maintenance costs of hundreds of millions of dollars per month for high-frequency traders in later generations, no matter how high the lightning transaction fee is, it can be regarded as a useless profit.

Zhang Chen had a friend who was engaged in high-frequency trading in his previous life, and although he made a lot of money, the rate of return was about 20% after deducting the money, and if the market was turbulent, he might lose money. At that time, flash trading had been banned by legislation, and high-frequency trading had entered the stage of full competition, becoming a red ocean, and the battle was extremely fierce.

"I still want to emphasize again, the progress needs to be rushed, but not just fast, any new algorithm and device architecture must be updated to ensure that there are no bugs, each group of modules is verified separately, lightning transactions are too fast, once there is a problem with the program or hardware, it may be an astronomical loss. I don't want us to be the second LTCM. This is what Zhang Chen is most worried about, every time he has a meeting with Coyce, he will emphasize the issue of safety.

Although it is unlikely to become a second LTCM, it would be ridiculous to become the first "knight capital".

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Corner of Madison Avenue and East 77th Street, The Carlyle Hotel, 34th Floor.

The Carlyle Hotel is one of the oldest hotels on the Upper East Side, hosting 60 private apartments in the same building, in addition to standard hotel suites, where countless celebrities have stayed, the most famous of which are undoubtedly Marilyn Monroe and JFK Kennedy.

In the early sixties, until the assassination of John F. Kennedy, the most legendary president kept an apartment on the 34th floor of the Carlyle Hotel as his tryst with Marilyn Monroe. Legend has it that his younger brother, RFK Robert Kennedy, also joined this ridiculous party here, and although history is undocumentable, many people believe that this is the truth.

Now, this apartment has just had a new owner.

"Oh, it's disgusting. Tang Miaomiao had a disgusted expression, "It's really the same as Su Su said, you men don't have any good things." ”

Zhang Chen rolled his eyes, "Don't turn around and scold people and scold Huai, I'm just telling you a joke, those people in the Democratic Party are typical sanctimonious men and prostitutes." ”

Tang Miaomiao cut off: "Did you say that Marilyn Monroe was killed by Kennedy?"

When the two woke up in the morning, neither of them got up, so they just lay on the bed and chatted without a match.

Knock knock, there were three knocks on the door, an Eastern European maid pushed the breakfast cart into the bedroom, Zhang Chen leaned on the head of the bed, picked up this morning's Wall Street Journal from the dining car, and said while flipping through it: "Eighty percent is, looking at Marilyn Monroe's personality, it doesn't look like someone who can commit suicide." ”

Tang Miaomiao rinsed her mouth with a glass of water, wrinkled her nose and said, "One day husband and wife hundred days, how can Kennedy do it?"

Zhang Chen looked at the Wall Street Journal's comments on the LTCM bailout plan and said absentmindedly: "When love and power are entangled, there is often no good outcome. ”

Tang Miaomiao's eyes rolled, hugged Zhang Chen's waist, and put it on Zhang Chen's ear: "If one day, I become a stumbling block for you, will you kill me like Kennedy?"

Zhang Chen was just about to deal with it casually, when he suddenly felt a trace of murderous aura, and couldn't help but feel excited, and came back to his senses: "What nonsense?"

Tang Miaomiao pouted: "I know, you ruthless little pervert, you annoy me now, right? Do you also want to learn from Kennedy and kill me?"

Zhang Chen snorted his teeth, knowing that it was useless to say anything at this time, it was estimated that Aunt Tang Miaomiao was coming soon, and her mood was unstable.

Zhang Chen couldn't help but say, and pushed Tang Miaomiao down on the bed, revealing a vicious expression: "That's right, I'll 'kill' you now!"

Tang Miaomiao couldn't hold back, Gege smiled, the two played for a while, Tang Miaomiao straightened up and straightened her hair, "Don't make trouble, get up quickly, aren't you going to the designer shop you said?" It's about ten o'clock, and it's almost nine o'clock now, hurry up!"

Zhang Chen stretched, and a carp bounced off the bed, revealing a well-defined six-pack abs.

Tang Miaomiao urged Zhang Chen, but in the end it was later than Zhang Chen's preparation, Zhang Chen finished the twenty-minute powerlifting in the morning, took a shower, finished breakfast, and Tang Miaomiao was still sitting in front of the dresser to put on makeup.

"It's broken, it's broken, it's all your fault, don't get up early, say what Kennedy's. The two of them came out of the room and entered the elevator, it was already nine fifty-five, and it was a woman's patent to mess around, Zhang Chen just rolled his eyes secretly, and comforted him: "Don't worry, it's too late." ”

Although Americans' sense of time is not as strong as that of Germans, they generally attach more importance to appointments, and it is very rude to miss the time.

After getting off the elevator, Tang Miaomiao was about to walk outside the hotel, when Zhang Chen pulled her, "This way." As he spoke, he pulled her and walked dozens of meters to a merchant in the side corridor of the hotel, and pushed the door in.

"That's what you're talking about?" Tang Miaomiao said in surprise, "If you don't say it earlier, I'm in such a hurry." ”

Zhang Chen pouted and said, "Miss, if I tell you, I guess I'm still upstairs thrushing." ”

Tang Miaomiao slapped Zhang Chen's arm and took a look at the surrounding environment, the store is not big, close to East 77th Street, the whole store is mainly white, but it is not monotonous, except for a few sets of wedding dresses hanging, the logo of Vera ang on the wall is very conspicuous.

"Vera ang?" Tang Miaomiao recalled, "I seem to have bought something from her family." ”

Zhang Chen also remembered that Tang Miaomiao had a small dress that was Vera ang's, and he had worn it before.

"Hi Zack, sorry, I'm a minute late. As he spoke, an Asian woman with long straight black hair walked up to the two, looking young and graceful from a distance, but when she looked closer, she would see that the skin on her face and hands was covered with fine wrinkles, and she was obviously not young, at least forty years old.

"It's okay, we've only been here for less than a minute. Zhang Chen and the Asian woman had a veneer ceremony, and the Asian woman looked at Tang Miaomiao appreciatively, turned her head and asked Zhang Chen: "This is yours... Girlfriend?"

Zhang Chen smiled slightly: "Yes, this is my girlfriend Tang Miaomiao, I want to find you to order a dress, she will attend a charity reception next week." Miao Miao, this is Vera, Miss Vera ang, is the best Chinese designer, no, it should be said, the best fashion designer in the world. ”

"Ah, that wouldn't dare. Vera ang heard Zhang Chen's compliment, and a smile appeared on her face.

Vera ang looks like an iceberg when she's not smiling, and when she does, she gets a lot more cordial.

"Miss Tang, do you have any requirements for a dress?" Vera ang chatted with Tang Miaomiao while tailoring Tang Miaomiao's clothes.

Of course, Zhang Chen was not interested in this kind of topic, and the phone in his hand was constant, so he simply asked Vera ang's subordinates to move a parasol for him and sit on the bench at the door to reorganize his thoughts.

For people who love their work, work is a pleasure in itself. In addition, it was Zhang Chen's busiest time period, and when he finished calling and looked at his watch, he was startled.

It was almost twelve o'clock in the afternoon.

Zhang Chen pushed open the door of the store, but what caught his eye was Tang Miaomiao, who was wearing a white wedding dress.

"Is it good-looking?" Tang Miao smiled as she pursed her lips.

"Of course it's good-looking!" Zhang Chen immediately expressed his loyalty, but he was secretly wailing in his heart.

It's a cocoon.

(End of chapter)