Chapter 244: 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 was delivered today.
The G450 is already the business jet with the largest space among the same model of business jets. However, in addition to the crew, it can only accommodate 16 passengers according to a more comfortable configuration.
Taking these into consideration, Barron did not customize a separate bedroom in this private jet, otherwise the number of passengers would probably be greatly reduced.
You have to know that when he uses a private jet, it must be when he goes overseas. Usually, just him, the accompanying service staff including bodyguards will not be less than 10 people...
Therefore, for now, the G450 can only meet his basic travel needs, and the advantage of this business jet is that it does not have such high requirements for take-off and landing airports.
If you want to focus on comfort, then you might as well buy a large passenger plane, like the wealthy people in the Middle East, and use a Boeing 747 or Airbus A380 to transform it into a palace in the sky...
Such a large passenger plane converted into a private jet can even accommodate a fleet of cars. When arriving at the destination, the convoy can be driven directly, which is indeed very stylish...
However, the prices of these large passenger aircraft are often hundreds of millions of dollars, and the requirements for airports are also relatively high, which is not what Barron needs to consider at the moment. Having this G450 is enough.
The overall decoration of Barron's Gulfstream G450 did not change the original layout much. After all, when he ordered it, he hoped to get it as soon as possible.
However, the interior decoration is of the highest quality. It has a small kitchen, an office area, an entertainment area and a rest area. It can accommodate up to 16 passengers, or the chairs can be assembled into 6 fully reclining seats for 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, were temporarily provided by Gulfstream. Barron can continue to employ them or hire suitable personnel himself.
After this maiden flight, Barron is quite satisfied with the crew members and plans to continue employing them.
After all, as the G450 was launched not long ago, most of the experienced crew members are already in Gulfstream.
This time when he arrived in New York, Barron didn't need to stay in a hotel like last time.
The convoy took them directly to the Woolworth Building near Central Park in Manhattan. The top eight floors here were now Barron's penthouse.
Barron had seen the interior decoration of the mansion when he came to New York last time.
After Alia and the others arrived here first, they cleaned the interior of the mansion again. In addition to the many luggages brought by Barron, which have been placed in order, the electrical appliances and daily necessities needed in the mansion are also available.
Barron still employs five maids in this mansion.
The relevant service company that Alia contacted after coming here had already sent the list of maids in their database to Barron. After he made his selection, the five maids had already "taken up their posts" in this mansion.
"Laura, I'm going to hold a party here tomorrow. You'll be in charge of making the arrangements. I'll give you the invitation list."
"Yes, Your Highness."
When he was in New York before, Barron had already told people including the Hearst sisters and Ivanta that he had purchased a house here.
Also because of the rush that time, there was no time to invite them to come - let alone them, even Barron himself didn't have time to move in before.
So this time after arriving in New York and moving into this mansion, he planned to hold a party and invite the friends he met in New York to come over.
This would certainly include the couple Jenny Boot and John Smith, as well as the Hearst sisters, Ivanta and others.
In Europe and the United States, there are many professional companies that specialize in organizing private parties. You only need to make your request to the other party and they will achieve the effect you want. It is very simple - of course, if you have enough money.
For example, Wang Wanting only needs to connect with the relevant companies here and ensure that the other party's work can be carried out as required. She doesn't even need to supervise it personally, and can just arrange it for other people in the team to be responsible for it.
After taking a short rest in the penthouse, Barron drove to the New York branch of DS Capital on Wall Street.
"Your Highness, we have rented an office space closest to the New York Stock Exchange and customized a supercomputer for high-frequency trading from IBM. It will be operational by the beginning of next year."
Devon Stevenson, manager of the New York branch, reported to Barron on the preparations for the new project.
After establishing the quantitative trading fund Athena Fund, DS Capital is preparing to launch high-frequency trading projects as its next step.
This project will mainly use its own funds in the initial stage. It is a project jointly undertaken by DS Capital and Goldman Sachs Group, called Zeuss Fund, which mainly targets the New York Stock Exchange, the world's largest stock trading market.
Because high-frequency trading is different from other transactions, it requires extremely fast response speed.
The so-called high-frequency trading, in simple terms, refers to the use of computer technology to quickly conduct multiple buy and sell transactions in a short period of time. It generally refers to the use of microseconds as the time unit to formulate strategies. High-frequency trading companies use powerful computer programs to conduct rapid transactions, and the transaction time is often less than ten milliseconds.
Compared with investors who are relatively backward in technology, such companies use the time advantage gained from technological advantages to place orders first.
It is precisely because of this characteristic that even the slightest difference in network transmission will affect the effectiveness of high-frequency trading.
Therefore, the high-frequency trading project Zeuss Fund that DS Capital is preparing to carry out needs to choose a location very close to the New York Stock Exchange, lay out special high-speed network optical cables, and use their supercomputers to gain the advantages of high-frequency trading.
The reason why this foundation cooperated with Goldman Sachs is that Goldman Sachs promised to help their Zeuss Investment Company, which was established for the Zeuss Fund, become a clearing member of multiple exchanges including CME, which can greatly reduce the transaction fees that the Zeuss Fund needs to pay when conducting high-frequency trading.
According to the agreement between DS Capital and Goldman Sachs, DS Capital will hold 60% of the shares in Zeuss Investment Company and Goldman Sachs will hold 40% of the shares.
The Zeuss Fund will use the company's own funds for investment, with an initial investment of US$1 billion, which will be contributed by DS Capital and Goldman Sachs Group according to their respective shareholding ratios.
This means that DS Capital will inject US$600 million into the Zeuss Fund.
However, what is currently underway is only the preparatory work for the Zeuss Fund. It will take until next year for this high-frequency trading fund to officially start operating.
It can be said that the profits from high-frequency trading are still very lucrative, but correspondingly, the "arms race" between high-frequency trading companies is also very fierce.
This is reflected in the continuous improvement of supercomputer performance and the continuous shortening of trading program response speed.
Just like in his previous life, Baron knew Jump, a very famous company in the field of high-frequency trading. Their capital was not too high, but they could make more than 300 million US dollars in profit every year.
When it comes to using fiber optic lines, Jump only cares about speed and does not spare any 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.
At most, 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 in order to save milliseconds in transmitting transaction instructions between the United States and Europe.
Remember, other high-frequency trading firms typically just lease microwave towers.
In 2017, a subsidiary of Jump spent US$14 million to buy a 120,000-square-meter vacant land opposite the CME data center to build a microwave communication base station in order to transmit transaction requests to CME as soon as possible.
In 2018, Jump and six other high-frequency traders including Citadel jointly built an undersea optical cable "Go West" connecting Chicago and Tokyo to obtain futures quotes from different markets more quickly. Later, this optical fiber was also connected to the Shanghai Jinqiao Data Center.
In addition to the optical fibers, microwave towers, and submarine cables mentioned above, high-frequency traders who cannot stop in the speed war are also constantly researching new speed-increasing secrets, including super novel experimental types of optical cables (hollow fiber) and even satellite links.
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