Chapter 244 Zeuss Fund

At the Los Angeles airport, a beautiful and slender white business jet was parked there.

This is the Gulfstream G450 that Barron ordered a few months ago and is being delivered today.

The G450 is currently the most spacious business jet among business jets of the same model. However, in addition to the crew, it can only accommodate 16 passengers in a relatively comfortable configuration.

Taking this into consideration, Barron did not customize a separate bedroom in this private jet, otherwise, the number of passengers might be significantly reduced.

You must know that when using a private jet, it must be him going overseas. Generally speaking, it is just him and the accompanying service personnel, including bodyguards, will not be less than 10 people...

Therefore, for now, the G450 only meets his basic travel needs, and the advantage of this business jet is that the requirements for take-off and landing airports are not that high.

If you want to focus on comfort, then you might as well just buy a large passenger plane. For example, like the rich people in the Middle East, use a Boeing 747 or Airbus A380 large passenger plane to transform it into a palace in the sky...

Such a private jet transformed from a large passenger aircraft can even fit a fleet of vehicles. When you arrive at the destination, you can drive directly in the fleet. It is indeed very stylish...

However, the price of these large passenger aircraft can easily reach hundreds of millions of dollars, and the requirements for airports are also relatively high. This is not what Barron needs to consider at present. Having this G450 is enough.

The overall decoration of Barron's Gulfstream G450 did not change the original layout too much. After all, when he ordered it, he also hoped to get it as soon as possible.

However, the interior decoration is top-notch. There is a small kitchen, including an office area, entertainment area and rest area. It can accommodate up to 16 passengers, or the chairs can be assembled into 6 fully-recumbent seats. Better rest.

The maiden flight of his first private jet was from Los Angeles on the east coast to New York on the west coast.

The crew for the G450's maiden flight, including two flight attendants, are temporarily provided by Gulfstream. Barron can continue to hire them, or hire suitable personnel himself.

After this first flight, Barron is quite satisfied with these crew members and is ready to continue employing them.

After all, as the G450 has just been launched, most of the experienced crew members are in Gulfstream.

This time when he arrived in New York, Barron didn't have to check into a hotel like last time.

The motorcade took them directly to the Walworth Building near Central Park in Manhattan, where the top 8 floors were now Barron's penthouse.

Barron had already seen the interior decoration of the mansion when he last came to New York.

After Aliya and the others arrived here first, they had already cleaned the interior of the mansion again. In addition to the many luggages brought by Barron, which had been placed in order, the electrical appliances and daily necessities needed inside the mansion were also placed in order. , are all ready.

In this mansion, Barron will still hire five maids.

The relevant service company that Alia contacted after arriving here had already sent the list of maids in their database to Barron. After he made the selection, these five maids were already in the mansion. Among them, I was "on duty".

"Laura, I'm going to hold a party here tomorrow. You are responsible for making the arrangements. I will give you the invitation list."

"Yes, Your Highness the Duke."

When he was in New York before, Barron had told people including the Hearst sisters and Ivanta that he had purchased a residence here.

It was also because I was in a hurry that time that I didn't have time to invite them - not to mention them, even Barron himself didn't have time to move in before.

So after arriving in New York this time and moving into this mansion, I planned to hold a party and invite these friends I met in New York to come over.

This will definitely include the couple Jenny Butt and John Smith, as well as the Hearst sisters, Ivanta and others.

For example, in Europe and the United States, there are many professional companies responsible for such private parties. You only need to make a request to the other party, and they will achieve the results you want. It is very simple - of course, if you have enough money.

Like Wang Wanting, she only needs to connect with the relevant companies here and ensure that the other party's work can be carried out as required. She does not even need to supervise it personally, and can arrange for other people in the team to be responsible.

After taking a short rest in this penthouse, Barron took a car to the New York branch of DS Capital on Wall Street.

"Your Highness the Duke, we have rented an office space closest to the New York Stock Exchange and customized a supercomputer specifically for high-frequency trading from IBM. We will be able to start using it at the beginning of next year."

New York branch manager Devin Stevenson reported to Barron on the preparations for the new project.

After establishing the quantitative trading fund Athena Fund, DS Capital is preparing to carry out high-frequency trading projects as the next step.

This project, in the early stages, will mainly use its own funds. It is a project of DS Capital and Goldman Sachs Group. It is called Zeuss Fund and is mainly aimed at the New York Stock Exchange, the world's largest stock trading market.

Because high-frequency trading is different from other transactions and requires extremely fast response speed.

The so-called high-frequency trading simply refers to the trading behavior of using computer technology to quickly buy and sell multiple times in a short period of time. It generally refers to the use of subtlety to formulate strategies for time units. High-frequency trading companies use powerful computer programs to conduct fast transactions. , transaction times are often less than ten milliseconds.

Compared with investors who are relatively backward in technology, such companies take advantage of the time advantage gained through technological advantages to place orders first.

It is precisely because of this characteristic that even small differences in network transmission will affect the effect of high-frequency trading.

Therefore, the high-frequency trading project Zeuss Fund prepared by DS Capital needs to choose a place very close to the New York Stock Exchange, lay out special high-speed network optical cables, and use their supercomputers to gain advantages in high-frequency trading.

The reason why this foundation cooperates with Goldman Sachs Group is because Goldman Sachs Group promised to help the Zeuss Investment Company they established for the Zeuss Fund become a clearing member of many exchanges including CME, which can greatly reduce the Zeuss Fund’s Transaction fees that need to be paid when conducting high-frequency trading.

According to the agreement between DS Capital and Goldman Sachs Group, DS Capital will hold 60% of the shares in Zeuss Investment Company, and Goldman Sachs Group will hold 40% of the shares.

The Zeuss Fund will use the company's own funds to invest, with an initial investment of US$1 billion, which will be contributed by DS Capital and Goldman Sachs Group based on their respective shareholdings.

This means that DS Capital will inject US$600 million into Zeuss Fund next.

However, what is currently going on is the preparatory work for the Zeuss Fund. It will have to wait until next year before the high-frequency trading fund officially starts operations.

It can be said that the profits of high-frequency trading are still very generous, but correspondingly, the "arms race" among high-frequency trading companies is also very fierce.

This is reflected in the continuous improvement of supercomputer performance and the continuous shortening of the response speed of trading programs.

Just like in his previous life, Barron knew about Jump Company, which was very well-known in the field of high-frequency trading. Their amount of funds was not too high, but they could make more than 300 million US dollars in profits every year.

When it comes to the use of fiber optic lines, Jump only values ​​speed and does not skimp on cost. Even if it has signed a lease for a fiber optic network, it will rent a faster fiber optic network if a faster network is available.

Sometimes, Jump can even use four different fiber optic lines.

In 2013, Jump spent a huge amount of money to buy a microwave tower in England that was originally used by NATO to save milliseconds of time in transmitting transaction instructions between the United States and Europe.

You know, other HFT companies usually just lease microwave towers.

In 2017, a subsidiary of Jump spent US$14 million to buy a 120,000-square-meter piece of open space opposite the CME Group data center to set up a microwave communication base station in order to transmit transaction requests to CME as soon as possible. .

In 2018, Jump, Citadel and other six high-frequency traders jointly built a submarine optical cable "Go West" connecting Chicago and Tokyo to obtain futures quotes from different markets faster. Later, this optical fiber was also connected to Shanghai Jinqiao Data Center.

In addition to the optical fibers, microwave towers, and submarine optical cables mentioned above, high-frequency traders who cannot stop in the speed war are constantly researching new speed-increasing secrets, including super novel experimental optical cables (hollow optical fibers) and even satellite chains Road and so on.