Chen Yi sat up straight unconsciously.

High-frequency trading, but the biggest capital he makes now.

Any resource can only be converted into cash through a certain model to have a realistic value. The magic subway he owns has is through skill copying scrolls, then through supercomputers, and then through high-frequency trading, which has direct benefits

With this layer, he was able to make relatively full use of the magic subway

If any of these layers are missing, everything is compromised.

One only has to look at the rulers of Africa to see that they have diamonds, but they are not allowed to sell them in the free world; They have ivory, but they are not allowed to sell it on the earth; They had minerals, but they didn't have ports and railroads, and from the 20th century to the 21st century, they were just as rich and poor.

If there is no high-frequency trading, or if you are a stupid child, you may really have to use a supercomputer to steal the QQ number and game account, then it is a waste of anti-aircraft guns to fight mosquitoes.

On stage, Lei Gonglu began to talk about the origin of "high-frequency trading", and then talked about the methods that are now being applied by Wall Street.

Such a method of stock trading with a surname has obviously attracted the attention of countless students.

Professor Lei said in an affirmative tone: "The future of financial stocks is inseparable from the impact of high-frequency trading, and if you have the opportunity to do stocks and futures in the future, you must keep studying it." Judging from the current data, the general capital return of the institutions operating the supercomputer is more than 1% per day, we calculate the compound interest, more than 12 times in 1 year, and the institutions that operate better are not easy to say, hundreds or thousands of times may ......"

He wrote on the blackboard, Chen Yi secretly slandered to himself, my daily profit is more than 50%, what kind of broken computer are you.

However, in the eyes of ordinary people, how can 12 times the profit be called a huge profit, Han Jie put down the teacup, and thought while listening: "In this way, buying a supercomputer is not very profitable?" ”

For traditional industries, 30% of the annual profit is enough to be satisfactory enough to make the boss sleep peacefully at night, and 50% of the profit is so good that other bosses can't sleep at night.

Her thoughts are similar to Chen Congyu's.

And the two are generally similar, people who can really afford a supercomputer.

Chen Yi drank tea and explained casually: "That thing has a limit to calculation. Moreover, the market is so big, the investment not only includes hardware and software, but also has interest expenses, personnel salaries and commissions, and it is not easy to recover the cost within one or two years. The fixed capital investment is too large. ”

"A slow computer can actually cause damage if it is attacked by a fast computer. The price is too high, and how many resources to set up to attack others is another problem. ”

"There are not many high-frequency quotients now, and in the future, I will see a hundred regimental battles."

"It's not a particularly fast supercomputer, and it has to be subject to the exchange, and if you are a parallel service provider, it's a lot of money every year."

He said it with deep feelings.

Don't look at him now, he is making tens of millions of dollars a day, but this is based on the super high surname and zero cost of the Kraken.

The Kraken was able to make super profits from the lightning trading process that monopolized half of the New York Stock Exchange. Other traders don't have the ability to do that.

Swap them to a smaller exchange, that can't be done.

If the cost of Kraken is converted, the computer center of Wisconsin State University in the United States is rated at $1 billion a year, of which 85% is federal grants, and the rest is self-funded by Wisconsin.

Among other programs at the Computer Center, which has 3,800 employees around the Kraken, and more than 3,000 guest researchers, who work at the Computer Center for two weeks or a little more each year, work on many projects, including Gao Numeracy, and support further upgrades and maintenance of the Kraken.

Although Chen Yi's Jinyuan International only secretly used about 15% of the surname of "Kraken", this part of the resources actually belongs to the design margin. Because the Kraken is bound to not be updated every year, and the demand for research projects is increasing every day, by the second half of this year, or early next year, they will have fewer and fewer resources at their disposal. This is also equivalent to the wear and tear of a supercomputer.

There are many billionaires on Wall Street, but there is certainly no one who can spend billions of dollars of their own capital to customize a supercomputer across the ages, and is willing to wait two or three years for the arrival of the goods, and then spend hundreds of millions of dollars of capital on land and employees to build a computer center.

For example, with such a high capital investment, if it were a bank loan, those vampires would dare to ask for 40% interest per year, and there would definitely be more than 100 pages of terms and more than 10 pages of additional requirements......

Because of this, when high-frequency trading is in the ascendant and the profit outlook is not yet clear, traders are mostly opting for mainframes. The few who choose supercomputers have a deep background and background -- most of them will think that if they can't make money, they will donate it to their alma mater.

The 1% profit per day that Lei Gonglu said is based on mainframes and ordinary supercomputers. Their computing power is mediocre and they are not qualified to compete with the Kraken.

However, the competition between them is intensifying.

From Chen Yi's point of view, if a trader's computer surname can reach more than one-third of that of "Kraken" and is the main New York Stock Exchange, his profits will drop by more than 70%, because his own supercomputer has to spend most of its energy on defending enemies, rather than embezzling retail funds.

If two traders were to reach this figure, the Kraken would have made no more than $500,000 a day - not enough for its own depreciation.

In addition, if the computer surnames of high-frequency traders continue to improve, the attitude of the New York Stock Exchange will also become ambiguous.

They are still actively in contact with Tang Xiongfei and others, but the final result is difficult for both sides to predict.

Chen Yi thought far away for a while, and didn't speak for a long time, so Han Jie quietly poured him tea.

Some of the students sitting around were originally talking about it, but now after listening to his comments, they feel that it makes sense, but they don't believe it.

They were embarrassed to talk to Chen Yi, so they talked about it themselves.

However, the students who have just entered the university are not broad enough to broaden their horizons, and a few people can understand the value of 100 million yuan, only to hear someone comment: "Even if the supercomputer can be worth tens of millions, I think it will be earned, but unfortunately I am not in the United States, otherwise I will definitely try it." Also, if you really have 12 times the profit in a year, why not take out a loan to buy it. ”

Chen Yi couldn't help but curl the corners of his mouth.

Borrow from a bank for two or three years to make a fixed capital investment? That's not a financier, that's the Ministry of Railways working for a bank.

Han Jie knew Chen Yi very well, and asked curiously in a low voice, "Not enough?" ”

"You can't buy good things in dollars."

As soon as he finished speaking, Professor Lei on the stage said: "Are you thinking now, this money is really easy to make?" ”

"Yes......" some students shouted cooperatively.

"Actually, it's hard to get to the sky." Lei Gonglu began to write on the blackboard: "High-frequency trading is a financial product that requires ultra-capital intensity. If you think about it, a stock worth more than a dozen dollars on average, and if it all depends on the exchange's cashback (rebates), 100 shares are only 20 cents, which is equivalent to $1,000 earning 25 cents and $100,000 earning $25. Of course, their transaction speed is very fast, but no matter how fast the transaction speed is, it will take hundreds of millions of dollars to fill a computer's funds, and in order to form an advantage, 1 billion dollars is indispensable......"

After writing this, he laughed twice and said, "Now, don't you think it's a little difficult......

A circle of people around Chen Yi looked at him with magical eyes.

What he and the professor said was actually the same meaning, but the expression was different......

Fortunately, there should be some order in the large classroom, so that the students' small words did not spread too far.

Lei Gonglu's style is to let it be discussed, and he himself lectures as usual.

However, the focus of the students' discussion has now become the perspective of a bystander. They no longer fantasize that they are the protagonists, but give advice to the participants of high-frequency trading.

The guys around Chen Yi paid more attention to this guy, and commented a lot less, and no one liked to be a class leader.

Chen Yi drank tea calmly and chatted with Han Jie from time to time.

He himself is a high-frequency trader, and although he is not an expert, he is still familiar with it, and what he says is well-founded, which is very different from other people's speculations.

Between one or two sentences, there are words that go straight to the essence, which students do not have.

Perhaps, when they study hard, graduate with honors, become more than 5% of high-achieving students in the whole year, have the opportunity to go to the world's famous universities for further study, and then work Wall Street for three or five years, get the attention of the peak, and then personally indulge in trading for a year, accumulate enough experience, and have enough understanding.

Or, like Professor Lei, who specializes in economic and financial theories, when he becomes famous and old, he will naturally be able to get to know the heads of many financial institutions and be invited by various financial institutions to analyze examples and draw conclusions.

Lin Yuan was sitting not far in front, she could hear what Chen Yi said, but she didn't speak and discussed. Seeing that his every word must be true, he couldn't help but think: Although he is a gentleman, he still has some real talents, and it seems that he was admitted to Jiang University with his own ability.

The evil feeling towards Chen Yi was much less for a while.

The students listened attentively, and the professors spoke with the same passion.

Chen Yi sat up straight and was about to listen to it again, but Lei Gonglu changed his words and began to talk about the disadvantages of high-frequency trading.

"The chain reaction is the most important place to pay attention to in high-frequency trading......"

Chen Yi listened, his brows gradually furrowed.

To him, Professor Lei Gonglu generally looks at high-frequency trading from the perspective of ordinary people - for example, chain reactions can cause stock market shocks, ultra-fast trading can cause new unfairness, and high-frequency traders pursue 2% volatility that can cause excessive market changes......

However, as a high-frequency trader entering the market, Chen Yi's perception is completely different.

To make money in high-frequency trading, market volatility is essential, which is actually a prerequisite for the existence of market makers.

As for the chain reaction, unjust unfairness involves both risk and cost. If the financial markets were to proceed in the direction that ordinary people wanted, the so-called world economy would not exist at all, and there would always be people who would not be satisfied with the return of all mankind to a self-sufficient agrarian society.

Further, if financial markets go in the direction that ordinary people want, the end result will be about everyone unhappy.

The professor spoke for another 10 minutes before starting his normal lecture.

Chen Yi pasted an intellectual scroll to himself, listening to the lecture while thinking about his own affairs.

Time flies by in a class.

At the beginning of class, Chen Yi rushed to the podium like a good student, still holding a teacup in his hand.

He stopped in front of Lin Yuan's squad leader and asked first, "Professor Lei, how can we increase the profits of frequency trading and lightning trading, and how can we take advantage of their monopoly position?" ”

The sharp question of reality suddenly made Professor Lei stop.

……

(To be continued)