My Fintech Empire

Jingxinju Villa, trading room on the second floor.

Fang Hong didn't say a word, and quickly tapped the keyboard to edit the content of the material, and arranged a series of intervention targets.

Tian Jiayi moved a chair and sat next to him, poked his head and looked at the computer screen, a look of surprise flashed across his beautiful eyes, and he subconsciously said: "Accenture is expected to fall by -99% within the day, and the stock price will drop to $0.01 / share; Procter \u0026 Gamble is expected to drop -36% within the day, and the stock price will drop to $39.37 / share; Apple is expected to fall -22% within the day, and the stock price will drop to $199.25 / share..."

Seeing the content edited by Fang Hong in the document, the beautiful assistant became more and more shocked. While she was in a daze, Fang Hong quickly listed more targets, Disney expected to fall by -12%, Cisco expected to fall by -12% %, Nike is expected to fall by 11%, Oracle is expected to fall by 11%, Bank of Magnesia is expected to fall by 11%, Exxon Mobil Oil is expected to fall by 11%...

Without exception, these targets are all world-renowned giant enterprise groups, either world-class giants or top-notch.

Tian Jiayi reacted, she glanced at Fang Hong and couldn't help but said: "Is there going to be some sudden black swan event tomorrow?"

Seeing the expectations she set for these targets, many targets were cut in half at every turn. Even companies like Procter \u0026 Gamble gave an expected drop of -36 percentage points within a day, which made Tian Jiayi feel as if the end of the world would happen tomorrow.

Fang Hong said with a smile: "Someone is going to stir up a turbulent wave in the global financial market, which is comparable to a magnitude 9 earthquake. Not surprisingly, the U.S. stock market alone will evaporate a trillion dollars tomorrow, and we stars will follow behind and eat a few quietly." Ten billion dollars is not too much!"

Hearing this, Tian Jiayi's beautiful eyes widened on the spot: "A trillion dollars will evaporate in the US stock market? My God..."

After the shock, the beautiful assistant was curious about where he got the contacts to know such news in advance, but Fang Hong obviously didn't want to go into details with her, so she didn't continue to ask.

Trillions of dollars were evaporated within a day, and she could realize the seriousness of the problem just from this figure. It was the most sensible not to inquire about such things.

Fang Hong imported the edited document data into a USB flash drive, and handed it to her after the data import was complete, and said: "This is the company's top secret, you take it to the company, and let the company's traders strictly follow the above strategy, Anyone who dares to be smart and modify my strategy will be tied to a rock the next day and sink to the bottom of the river to feed the fish."

Without saying a word, Tian Jiayi looked at the USB flash drive he handed over, and nodded silently after taking it. In a sense, this USB flash drive is worth more than 30 billion U.S. dollars or more than 200 billion yuan.

After putting away the USB flash drive, Tian Jiayi left the trading room and immediately went to the headquarters of Qunxing Capital.

When the company's trader got the strategy of the U disk data file, he was more shocked than Tian Jiayi, it was crazy!

I can't understand it, but I was shocked, let alone dare to be sloppy!

There is also a problem that the traders who get the strategy cannot understand. Since the expected drop is so large, why should the quotation list limit the volatility of its drop by 60%? Doesn't that mean that most of the profits are left unearned?

However, the traders at Qunxing Capital can’t figure it out but strictly implement it. They don’t dare to have any smart ideas. These strategies can make tens of billions of dollars for the company overnight, but they can also lose tens of billions of dollars overnight. Dollars, down the drain.

Anyway, we must follow this strategy. Even if the company loses money and goes bankrupt, the people above the company will be responsible, and it will not be my turn to bear the blame.

...

The following day, Thursday 6 May.

The A-share market opened first. After opening lower and rebounding yesterday, many people expected the rebound to continue.

As a result, I didn’t expect to open directly lower today by -0.64%. The opening price was the highest price today.

2800 points fell again, further accelerating the downward trend in the afternoon.

As of the close, the Shanghai Composite Index plummeted -4.11%, closing at 2739.70 points, setting a new low for the year; the Shenzhen Component Index plummeted -5.28%, closing at 10422.56 points, and the integer mark of 10,000 points was at risk.

Stock index futures also continued to increase their empty positions. The CSI 300 contract has fallen to 2967 points, a cumulative drop of 15 percentage points from the highest price on the first day of listing.

The U.S. stock market hasn’t opened yet, so Big A is lying down first anyway.

As for the external market, Fang Hong has already arranged the strategy. Tonight, he will sit and watch the performance of the market in the external market, waiting for the operation of this buddy Navande Sarao.

Fang Hong is not worried about the US stock market tonight. The strategy of Qunxing Capital seems to be extremely risky, but in fact it is very certain. Sarao, an otaku, is not the root of the problem. The guy with the first domino.

In fact, we should look at it from two perspectives. Of course, the trading problem is one of them, but the real reason is that the US stock market has fallen heavily for two consecutive weeks recently. Behind it is the market's worries about the European debt crisis.

The recent crazy fall of the euro is obviously accompanied by the deepening of risk aversion, and the accumulated short positions make the current market full of speculative taste.

At the same time, mainstream media in Europe today reported the huge debt exposure of banks in the euro zone to the three countries of Xila, Putao, and Spain, which also made the previous market concerns come true.

In terms of trading, it is the buddy Navender Sarao, who unexpectedly brought a good rhythm.

This buddy is also a talent. Sarao, who graduated from university, has worked as a telemarketer and a bank teller, but he always feels uncomfortable doing these jobs.

In 2003, Sarao saw a job advertisement in the newspaper, which said: [The company recruits futures traders, who are required to abide by laws and regulations, be proficient in data analysis, be goal-oriented, and have a strong ability to withstand pressure. ]

Sarao thought he could give it a try, so he went for an interview. After several rounds of interviews, including trading model tests, data reasoning analysis, psychological ability assessment, and quick mathematical calculations, he passed all of them successfully.

When Sarao and other employees successfully entered the company, there were only a dozen people in his company, and almost everyone was a top student. Everyone was very smart, and they could find real money in a pile of market data.

But it didn't take long for everyone to discover that Sarao was the best person.

This buddy has no interest in socializing at all, and hardly speaks a word. In his world, nothing seems to exist except the market.

Sarao mainly trades a futures contract called "e-mini", which specifically tracks the S\u0026P 500 index. With a daily turnover of more than 200 billion US dollars on CME Group, it is the most liquid product in the world. one.

In this company, Sarao is simply the god of trading "e-mini", he can always make the right decision and make the most money.

By 2008, Sarao had already made $4 million when he left his job, but he still lived with his parents, wore ordinary sweatpants, ate McDonald's, played FIFA games and watched football games when he returned home. What, the neighbors don't know he's a millionaire.

His colleagues also don't understand, what's the point of earning so much money if you don't spend it?

But for Sarao, market transactions are nothing more than a game, and the money earned is just the score of the game.

Whether it's playing games or doing business, what he's really interested in is beating his opponents and getting high scores, but he's not very interested in spending them.

Sarao started his own company after leaving his job in 2008. He bought a seat at the CME Group and prepared to do a big job. His strategy is to do high-frequency trading, place huge sell orders on contracts through automated procedures, and then sell them before closing the deal. Instantly cancel the order, realize real-time selling pressure on the transaction price, and then buy at a low price, and sell it to make a profit after the stock index rebounds.

Maybe you can only earn one yuan or even a dime per order, but because the transaction volume is large and frequent, the final profit is actually quite considerable.

In fact, many exchanges are actually engaged in similar high-frequency trading, using computer programs and network speed advantages to make quick money, including upgrading to artificial intelligence to engage in quantitative trading ten years later.

It’s just that in comparison, Sarao’s approach is more like manipulating the market.

In order to be able to issue trading orders faster, Sarao rented a server next to the exchange, one step ahead from the physical level, even if it is only one hundred thousandth of a second faster than others, it means wealth in the world of computer automation .

Relying on this method, Sarao's earning speed has been qualitatively improved, and he can easily earn hundreds of thousands of dollars a day, or even millions of dollars.

As time goes by, the eastern hemisphere is not as good as the night of May 6, and the corresponding western hemisphere is in daylight.

Today, Sarao turned on the computer as usual and prepared to start trading. He scanned the market and found that today's market seemed a bit sluggish, and he also noticed that some bearish sentiments were accumulating.

"It looks like today is a good day for shorting..." Sarao crossed his fingers and stretched his muscles. At the same time, his brain was thinking quickly. After a while, he said to himself: "Today, I will play big tickets...!"

...