Rebirth 79: I opened a bank in the United States

Chapter 960 NYSE Computers
"Brother! Mr. Baker! Thank you for your hard work!"

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

After a simple handshake and courtesy, the two jointly signed as security, and even the security check process was omitted, and they took Carter directly to the inside of the White House
"Mr. Reagan still has some work to do, and I'm afraid you will need to wait for a while later. Take advantage of this time, and tell me what you know?"

Before reaching an oval office, Lao Bu stopped.

"The situation I know is also very limited. I won't talk about the market is bad now. If it weren't for this, you wouldn't be so anxious to find me. I'll just talk about what I met in the morning until I left for the White House"

"After the market opened, the big sell-off of stock index futures on the Chicago Stock Exchange led to the follow-up selling on the New York Stock Exchange. A large number of stock index futures were sold, causing panic in the stock market! The trading volume climbed rapidly, but there were very few buyers. The Dow Jones and S&P There are more than 30% of the constituent stocks, and as of my departure, there is no transaction."

"In addition, the equipment of the New York Stock Exchange seems to be malfunctioning, and there are delays in price response and transaction display. I arranged a trading place on Fifth Avenue, and there was a display delay of up to 20 minutes, that is, 10 minutes Then it shows that there was a successful transaction 20 minutes ago”

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

"Combined with this, I can't be sure now whether there are really no buyers for those stocks that have not been traded, or there are people who bought them, but because of this information delay problem, they have not been updated. Including the data displayed by the major indexes, now I'm afraid I can't provide much effective reference!"

"On the one hand, the delay in information transmission cannot reflect the timely market price trend; on the other hand, at least for now, if those stocks are really not bought by anyone and there is no transaction, then the actual price reflected by the index is also inaccurate. .The information I can know now will not be much more than you!"

After quickly saying everything he knew, Carter stood quietly on the spot without further words.

I believe that with this information, Lao Bu and others will find out the problem in their own way, and obtaining more timely information through the White House channel is also beneficial to Carter!

Moreover, Carter has already guessed the purpose of their coming here!
"Mr Baker."

"I understand, I'm going to find out what happened to the NYSE!"

After a glance, Howard Baker, the new chief of staff, left quickly.After there was no one else, Old Bu 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 until today"

"I will sell, don't worry! But the current situation is that even if I want to sell, I can't do anything. I don't know what the latest buying and selling price is, or I don't even know that the buy order I put up will be in When is the deal!"

Carter twitched the corners of his mouth flatly. In the current situation, it is completely the most favorable situation for Carter.Even if you sell the federal government a favor and help them save the market.
Previously, everyone just had a premonition that there might be a stock market crash, but the stock market crash has not yet come after all.At that time, if you make a move, you will have affection, but it is definitely not as big as the moment when you make a move like trying to turn the tide!

"Howard has already investigated this issue! This guarantee is enough. I think Mr. Greenspan can breathe a sigh of relief if he knows."

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

Glancing at the person coming, Bush nodded, then reached out and patted Carter on the shoulder:

"Let's go."

"So, the actual situation now is that the number of sell orders is too large, so that it exceeds the upper limit that the NYSE computers can handle, and this causes a delay in the transmission 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 600 billion, no, more than 800 billion US dollars to be precise, if it can be put into the market at one time, it will be a dose of adrenaline!

The haze accumulated from this morning until now seems to have dissipated a lot, but when new news came.
Isn't this a mess? !

Now the money, I have found it!As a result, can't trade? !The NYSE's computers cannot handle such a large number of transactions, which means that even if Carter is asked to pour all the money into the market and snap up stocks, the market will not see any big buyers entering the market
What people can see is that the selling order is still rising, but the buyer has never existed
"Can you urgently mobilize computing power to support the New York Stock Exchange? Find IBM, etc., Carter, you seem to have a computer company, right? You have equipment in stock over there."

"In the New York warehouse, there are indeed a lot of my ROG computers in stock. However, there is no DOT system in my computer! It is the designated order conversion system used by the New York Stock Exchange, so my computer may not 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 then solve this problem!"

As an old man over seventy years old, Reagan was purely a layman to the system that Carter talked about.But the layman also has the advantage of being a layman
In his thinking, he doesn't need to understand what's wrong here, he just needs to know how to solve the problem!
"I'll call Mr. Ferran right now, I believe he won't refuse!"

SEC Chairman, David Luther responded, then was stopped by Reagan:

"Don't run 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 group of support New York For the computer in the office, you can charge as much as you want!"

"This issue is secondary, let's discuss it later! As long as the United States needs it, it doesn't matter if my computers are donated! Let's see what Chairman Phelan means by the New York Stock Exchange first!"

Carter smiled and waved his hands, a few computers are nothing more than nothing.
Looking at myself, not to mention getting stronger government resources, the income alone can exceed tens of billions, even if it is to give away some computers for free and buy favors, what's the big deal?

But, not long after, Carter was dumbfounded
That's not a few computers, but hundreds!
"Chairman Phelan said that the NYSE now has 200 microcomputers carrying the DOT system. But the current number of transactions has completely exceeded the upper limit of these two hundred machines."

"In his stock exchange, the trading volume in a single day used to be only about 3 million shares. But today, as of now, the number has reached nearly [-] million shares, and it is still rising rapidly."

"The current information delay is only caused by the large transaction volume, which the system cannot handle. And now, there are more and more orders in the queue! If possible, he hopes that we can dispatch another 300 microcomputers to the past."

(End of this chapter)