Chapter 960 The New York Stock Exchange Computer

Author: Khurav

Chapter 960 The New York Stock Exchange Computer

"Brother! Mr. Baker! Thank you for your hard work!"

After getting in the hotel car, Carter appeared at the door of the White House about ten minutes later.

After a simple handshake and polite greetings, the two of them jointly signed a guarantee, even skipping the security check, and took Carter directly to the interior of the White House.

"Mr. Reagan still has some work to do now. I'm afraid you will need to wait for a while. Take advantage of this time to tell me what you know about the situation?"

Before arriving at a certain oval office, Lao Bu stopped.

"The situation I know is also very limited. I won't say that the market is very bad now. If it weren't for this, you wouldn't be so anxious to find me. I will just tell you what I met in the morning before leaving for the White House."

"After the market opened, a big sell-off in stock index futures on the Chicago Exchange led to follow-up selling on the New York Stock Exchange. A large number of selling orders in stock index futures caused panic in the stock market! Trading volume climbed rapidly, but there were very few buying orders. Dow Jones and S&P both

More than 30% of the constituent stocks had no transactions as of my departure."

"In addition, the equipment of the New York Stock Exchange seems to have malfunctioned, and the price response and transaction display are all delayed. I arranged a trading place on Fifth Avenue, and there was a display delay of up to 20 minutes, that is, twenty minutes

Only then did it show that a successful transaction occurred 20 minutes ago.”

"Regarding this fault, the possibility that the communication cable was damaged by the wind disaster has been ruled out. The New York Stock Exchange suspects that it is a computer system problem. IBM engineers are currently inspecting it, and I am also waiting for the results."

"Combined with this, I am currently unable to determine whether there are really no buyers for those stocks that have not been traded, or whether there are people buying them, but because of this information delay problem, they have not been updated. Including the data displayed by major indexes, now

I’m afraid I can’t provide many effective references!”

"On the one hand, delays in information transmission cannot reflect timely market price trends; on the other hand, at least for now, if no one really buys those stocks and there are no transactions, then the actual prices reflected by the index are also inaccurate.

.The information I can know now is not much more than yours!"

After quickly saying everything he knew, Carter stood quietly and said no more.

I believe that with this information, Lao Bu and others will find out the problem in their own way, and it will also be beneficial to Carter to obtain more timely information through the channels of the White House!

Moreover, Carter had already guessed the purpose of their coming here!

"Mr. Baker."

"I understand, I'm going to find out what happened on the New York Stock Exchange!"

After a look, Howard Baker, the new chief of staff, quickly left. When there was no one else around, Old Boo looked around twice and his words became direct:

"If we talk about our conversation last week, we just hope that you can take action to support the confidence of the market. So as of today."

"I will take action, don't worry! But the current situation is that even if I want to take action, I can't do it. I don't know what the latest buying and selling price is, or in other words, I don't know where the buy order I placed will be.

When will the transaction be completed?”

Carter twitched his lips in a nonchalant manner. Under the current situation, it was completely the most advantageous situation for Carter. Even if it meant selling the federal government a favor and helping them save the market.

Previously, everyone only had a premonition that the stock market crash might be coming, but in the final analysis, the stock market crash has not yet come. There will be sympathy for taking action at that time, but it will definitely not be as big as taking action now to turn the tide!

"Howard has already investigated this issue! This guarantee is enough. I think Mr. Greenspan would be relieved if he knew about it."

"Mr. Bush, the President is waiting for you!"

After taking a look at the visitor, Bush nodded, then reached out and patted Carter on the shoulder:

"Let's go."

“So what’s happening now is that there are so many sell orders that it exceeds what the NYSE’s computers can handle, and that’s causing a delay in the delivery of information, right?”

In the Oval Office, after listening to Howard Baker's report, Brother Genzi frowned slightly.

Long before Howard came back, he got the promise he wanted to hear from Carter. More than 60 billion, no, more than 80 billion US dollars to be precise. If it could be put into the market at once, it would be

A dose of adrenaline!

The haze accumulated from early this morning seemed to have dissipated a lot, but when new news came.

Isn’t this a joke?!

Now I have found the money! As a result, I can’t trade?! The New York Stock Exchange’s computers can’t handle such a large number of transactions. This means that even if Carter throws all his money into the market and rushes to buy stocks, the market will not be able to handle such a large number of transactions.

I can’t see any big buyers entering the market.

What people can see is that sales orders are still rising steadily, but buyers never exist.

"Can you urgently mobilize computing power to support the New York Stock Exchange? Find IBM and wait. Carter, you seem to have a computer company here, right? You have equipment in stock over there."

"There is indeed a lot of my ROG computer in stock in the New York warehouse. However, my computer does not have a DOT system! It is the designated instruction conversion system used by the New York Stock Exchange, so I am afraid my computer cannot be of much help."

"Mr. Luther, can you contact the New York Stock Exchange now and ask them for authorization! Urgently install the system they need and solve this problem!"

As an old man over seventy years old, Reagan was purely a layman regarding the system that Carter talked about. But a layman also has the advantage of being a layman.

In his mind, he doesn't need to understand what's going wrong here, he just needs to know how to solve the problem!

"I'm going to call Mr. Phelan now, I believe he won't refuse!"

SEC Chairman David Rudd stood up and was stopped by Reagan:

"Stop running around, just use my phone here! Carter, please rest assured that we will not forget your contribution and we will not let you suffer. Whether it is buying or renting, this batch supports New York City

We charge as much as we should charge for computers!"

"This issue is secondary. Let's discuss it later! As long as the United States needs it, it doesn't matter if I donate my computers! Let's first look at the New York Stock Exchange and what Chairman Phelan means!"

Carter smiled and waved his hand, "It's just a few computers, it doesn't matter."

Looking at myself, not to mention getting stronger government resources, the income alone can exceed tens of billions. Even if it is just giving away some computers for free or buying favors, what's the big deal?

However, not long after, Carter was dumbfounded

That's not a few computers, but hundreds!

"Chairman Phelan said that the New York Stock Exchange now has a total of 200 microcomputers carrying the DOT system. But the current number of transactions has completely exceeded the upper limit of these two hundred machines."

"On his stock exchange, the daily trading volume in the past was only about 100 million shares. But today, as of now, this number has reached nearly 300 million shares, and it is still rising rapidly."

"The information delay that is occurring now is just because the transaction volume is too large and the system cannot handle it. And now, there are more and more orders queued up! If possible, he hopes that we can dispatch another 300 computers."
Chapter completed!