Some institutions had an instant “eureka moment.”

They speculated that there might be a problem with the internal trading system of Infinite Securities, causing the program to mistakenly place a buy order.

As a result, many institutions seized the high point and reduced their positions in the stocks they held.

This operation caused the market index to fall rapidly, forming a long upward lead on the candle chart.

It's like a test drive.

At the same time, at the Infinity Securities Headquarters in South China City, after seven minutes of "rush repairs" by technicians, the power supply to the entire building was finally restored.

Those investors who ran outside due to the power outage returned to the trading floor, checked the trend of their stocks, and discussed the reasons for the recent power outage with those around them.

In fact, the situation at the time was worse than anyone imagined.

The reason is that after more than a year of design modifications, the computer software department finally trained the artificial intelligence in the "Tiandao" system and the trading logic and big data of the Huaxia stock market into an independent system suitable for the stock market.

Today is the day when they and the Securities Strategy Investment Department debug the system for the first time.

But no one expected that the situation would get out of hand.

The specific situation is: at 13:20, the trader tried to let the system place an order for multiple constituent stocks in the small and medium-sized board and the Shanghai and Shenzhen 300, and prepared to buy one lot of each stock. As a result, he found that there were 28 stocks.

If the entry declaration is unsuccessful, you want the system to perform the "all re-download" function again.

Therefore, the programmer was on hand to guide the operation, but this function had not been verified in the real market, and the programmer involved in debugging had a "two swords" understanding of the financial market, seriously underestimating the rigor of stock trading, and mistakenly

The order to buy 28 constituent stocks was input into buying 28 "groups" of constituent stocks.

As a result, the system suddenly generated up to 30,000 buy orders in just 2 seconds.

In addition, due to today's debugging, the permissions of the order execution system have been set to the highest level.

The artificial intelligence actually skipped the risk control system of the sales department and submitted buying orders to the exchange without stopping, let alone canceling the orders.

The trader was extremely anxious when he saw this situation, but he didn't know which floor the system's main control program was on and how to shut it down. He could only rush to the power distribution room on the fourth floor and have someone pull the main power supply switch of the building.

Although he responded immediately, it was still too slow compared to computer programs.

More than 30 billion yuan of self-operated funds were poured into the market, and 12.6 billion yuan was traded in less than a minute. The stock market, which had been indifferent to transactions, was instantly hit by the huge amount of funds, and the index almost exploded.

Lin Hai was having a meeting with leaders of the Shenzhen Stock Exchange to discuss the issue of helping small and medium-sized enterprises in financing. Suddenly he heard someone shouting outside that the market had soared. He was wondering what was going on and whether there was some good news.

As a result, within two minutes, staff from the monitoring department came to say that Infinite Securities suddenly issued a large number of orders, causing violent market fluctuations.

When he heard the news, his first reaction was that it was impossible!

It is impossible for the company's traders to make such a stupid mistake!

Not to mention, the company also has a risk control department to check, and many transactions have strict restrictions.

However, the conclusive appearance of the staff of the Shenzhen Stock Exchange made him believe that during his absence, the company might have really made a big mistake.

After what happened, Chairman Song of the Shenzhen Stock Exchange was no longer in the mood for a meeting and directly announced the suspension of the meeting. The group followed Lin Hai back to the company to investigate the cause of the "abnormal fluctuations".

By this time, Infinite Securities had restored its usual order, and the chaotic scene was under control.

After more than an hour of sorting out, they finally understood the ins and outs of the accident.

While Lin Hai severely criticized the relevant personnel, he also held a small-scale discussion with the Shenzhen Stock Exchange, and finally characterized the result of this incident as "a misoperation by internal personnel of the company."

There is no mention of any issues related to artificial intelligence systems.

This verification conclusion was reported when the China Securities Regulatory Commission called for inquiries.

At the same time, due to the timely intervention of the Shenzhen Stock Exchange, Infinite Securities successfully avoided being investigated, and this trading system specially designed for stocks was privately shelved indefinitely.

Afterwards, Infinite Securities held a press conference to express its sincere apology to investors.

Faced with reporters' repeated questioning and aggressive attitude, Lin Hai took the trouble and could only say that this "own-finger" incident was not strictly an own-account incident.

Because the stocks they declared to buy were originally targets that company analysts were very optimistic about, and generally had relatively good growth potential, and after a long period of decline, these listed companies were already in a severely "undervalued" area.

They were originally planning to buy it, but it was just a little ahead of schedule because of this "accident".

Relying on Infinite Securities' past reputation, his explanation restored many investors' confidence in the stock market.

However, some relevant people pointed out that this "Oolong Index Incident", whether it was an operational error, a module failure, or a chain reaction of program trading, occurred suddenly without warning, and for the first time, the financial trading environment and risk control of A-shares were brought under control.

The contradiction between degrees is fully exposed.

Although the China Securities Regulatory Commission did not impose substantial penalties on Infinite Securities (mainly due to loss of profits), the uncontrollable and sudden surge in the market this time still aroused their vigilance and thinking, and they began to brew a "circuit breaker mechanism" and

"Stock Index Futures" trading to reduce risks caused by market fluctuations.

Chen Weidong did not have time to take care of the securities company's affairs, because there was also a very difficult matter that required him to make a decision at this time.

Infinity Company, in the general manager's office.

Gong Zhao and several key members of the Tiandao Simulator meteorological team took a stack of calculation materials and explained the urgency of the matter to Chen Weidong.

This chapter is not over yet, please click on the next page to continue reading! "Mr. Chen, this happened yesterday afternoon."

"We were getting ready to get off work when the screen of the Tiandao system suddenly glowed. Our technicians thought it was a host failure and immediately prepared for repairs. However, after careful inspection, no problems were found."

"Later, we inquired with the main control program "Hongjun", but strangely, he ignored us."

"We have taken various measures and invited researchers from several other modules, but we still cannot understand what is going on. No matter how we send signals to "Hongjun", he does not respond."

"Just today, "Hongjun", who has been ignoring us, suddenly issued a warning to us:

"Through meteorological data from around the world, it has been detected that the water temperature in the equatorial western Pacific is relatively high and the water evaporation increases, which will cause abnormal meridional circulation in East Asia and strengthen the force of cold air originating from Siberia that rapidly moves southward."

"After the cold air passes through, the temperature in the south will drop sharply."

"And this cold current will be blocked by tall terrain areas such as the Qinling Mountains and Daba Mountains, and will stay for a long time without being able to dissipate. This will ultimately lead to frequent cold air activities in the mid-to-high latitudes of the southern region."

"In addition, the warm and humid air currents moving northward from the Indian Ocean continue to increase humidity and interact with cold air."

"In half a year, the southern region will most likely face a historically rare large-scale low temperature, rain, snow and freezing disaster."

Li Gong, the head of the meteorological team, said worriedly.

PS:

The author has been ambushing Shenhao Technology for the past month. He monitored the market intensively and had no time to code. Fortunately, the ambush was successful and he made a huge profit. The market value of his account also reached a new high. It was really not easy. (??
Chapter completed!