My autobiography is definitely not a tragedy!

Chapter 545: EVE


Shanghai, a certain quantitative operation team.

In the employee area, row after row of screens showed constantly changing candlestick charts.

However, there were hardly any employees present, only the servers in the machine room hummed, radiating heat...

Why does the market seem to be getting more developed, yet it's increasingly harder for investors to make money?

The answer is simple: lone soldiers can never defeat a regular army.

In the past, institutions used professional traders to reap profits, now they use program code in quantitative models, the times have changed, and the efficiency of reaping has increased.

When you think you're still in PvP, fighting a big guy in front of a computer screen, you don't realize that your biggest opponent has already become a server...

And when you realize you're in PvE, you'll soon despairingly find out that your fastest hands can't even make up a fraction of the opponent's APM (Actions Per Minute).

Ordinary people challenging a computer might defeat Junior, Advanced, Expert Level, or even Hell Level bots.

However, in the next second, a programmer would tell you that the difficulty of the bots has no upper limit...

The only opponent for a robot is another robot!

And in the future capital markets, the only opponent for quantitative trading will be another quantitative trading...

"Mr. Wei, this... this is our earnings report for the week."

A middle-aged man dressed in a suit, wearing a Cartier watch, looking every bit the elite, took the report absentmindedly from the cautious subordinate while sipping coffee.

Yet after just two glances, he almost spat out his coffee.

"-6.2%!?" Mr. Wei's face turned green.

"Are you sure you're not joking with me?"

"Well..." The subordinate said nervously, "I ran the numbers three times, the data is definitely not wrong..."

"Bang!" Mr. Wei slammed the report on the table in anger.

"What kind of joke is this! I went on vacation to Hainan for a week, and this is the result you give me?

A week, over 30 million in losses, how am I supposed to explain this to the investors?

Tell me, what was the company's weekly rate of return before I left?"

"On average -1% to 3%, and when lucky, it could reach 5%..."

"And now? Are we experiencing a stock market crash?" Mr. Wei pounded the table in anger.

The subordinate chuckled bitterly.

"Mr. Wei, we didn't expect this either. Everything else is fine, but we're taking heavy losses on one stock."

"Hmm? Which stock is so troublesome?" Mr. Wei picked up the report in anger and looked through it, quickly finding the culprit responsible for the loss.

The glaring "-26.8%" was exceptionally eye-catching.

"Xu Group?"

The subordinate gritted his teeth somewhat, "Yes, it's that one, most of our negative returns are due to this stock, even if other stocks had slight profits, the overall losses were massively inflated.

Frankly, it's not just our team; several teams next door, which also have this stock, are in despair. We're relatively okay; our quantitative strategy isn't as aggressive.

I heard Mr. Liu's 50 million account announced liquidation just yesterday..."

"Hiss~" Mr. Wei sucked in a breath of cold air.

"What is up with Xu Group? Although the real estate industry isn't doing well, the situation shouldn't be this extreme, right?

Could there have been some unexpected explosive news?"

"Not really. Apart from Xu Group just announcing a favorable stock repurchase announcement, on the surface, things appear calm, even the stock price hasn't fluctuated much.

But that's the strange part about it.

Our quantitative model was fine before, but recently, it's been showing negative returns for a whole week."

"Negative returns? What is the technical team doing? If our quantitative strategy has issues, why didn't they hurry to fix and maintain it?"

"We did maintain it, but it was even worse after maintaining it..." The subordinate chuckled bitterly.

Mr. Wei stared with wide eyes for a long moment before forcing himself to calm down.

"Have you found the cause?"

"Well...although not certain, judging by the trading volume, it seems there's a heavyweight quantitative player in this stock, mobilizing at least 1 billion and up in trading funds."

"1 billion?" Mr. Wei was momentarily stunned.

That amount of capital...is not too much, but too little!

After all, Xu Group is a listed company with a market value of nearly 100 billion, with circulating shares exceeding 30 billion.

According to the standard that 30% can mildly control the market, this capital should be at least around 9 billion.

1 billion in capital can only be considered a big player, still far from the standard of a Market Maker.

In nature, quantitative trading involves using short-term high-frequency operations to gain large profit margins.

Its profitability depends not only on the excellence of the quantitative model but also closely relates to the amount of capital.

Big fish eats small fish, small fish eats shrimp, even for quantitative teams, it's still the case!

"Just this, and we've been beaten so badly? Our technical team that costs over tens of millions a year, and any random novice makes you falter?" Mr. Wei scolded in frustration.

"This..." The subordinate was speechless.

It wasn't just our team that got beaten up; it was almost a case of killing without missing, brush against it and you're dead, be near it and you're gone...

You have to admit; this opponent is quite frustrating.

In this circle, they were playing PvE quite well, reaping the profits, enjoying every moment.

Who knew someone doing EVE would crash in as if targeting them specifically, turning from reaping newcomers to slashing at them with abandon.

Although they're opponents, being a tech person, you have to respect them, you can't help but acknowledge their expertise and courage.

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