I'm reborn and I'm an international student again?

"What's the difference between quantitative analysis in stocks and foreign exchange? I heard that people on Wall Street have been using quantitative analysis to trade stocks for a long time," Qian Jiajia asked.

“Stocks have clearly defined opening and closing markets, and the trading participants are thousands of individuals. Centralized exchanges generally have fixed prices, and the leverage is pitifully low. I think Linxi and Xu Yun are using their money to make huge profits. If we use quantitative trading to play stocks, it will be difficult to beat them in the short term. Besides, I don’t think we’ll make much money. We should be like those gamblers who fight in freestyle boxing, find a table, place big bets, win a few rounds, and leave. Stocks? There’s simply no time to waste on them…” Chen Xi said as he walked towards the trash can in front of him.

It's quite difficult to smoke in my new home. If you don't smoke in the trash can with cigarette butts, you'll be fined if you get caught.

Compared to South Korea and Australia, it's much more humane; you can just go to a deserted street corner and smoke anywhere.

"Should we increase the leverage? Wouldn't higher leverage make it easier to get liquidated?" Qian Jiajia asked again.

"Well, we can discuss that later. When you arrived at the airport, did you see a bunch of Chinese people excitedly shouting about cryptocurrency?" Chen Xi took a drag of his cigarette and said, looking at the tourists taking photos in the distance.

"I think I've heard that the whole of Southeast Asia is into cryptocurrencies now. Actually, quite a few people in China are involved too. I often hear about people around me making a lot of money from it. I also came into contact with it when I was studying abroad, but I think it's all a scam. If something worthless is hyped up to a high price through hype, then there will inevitably be unlucky people who will buy it." Qian Jiajia tilted her head and thought for a moment.

"Yeah, it's getting more and more outrageous. There are so many cryptocurrencies being issued every year that I can't even remember all their names."

Why do they all come to Southeast Asia to do this?

“This kind of account locking is too common in China, but the new mother-in-law's bank doesn't seem to have any restrictions. If this continues, this place will become a new financial center in Asia. Sometimes it's like this: the tighter the regulations, the more people will find ways to do it.” Chen Xi shook his head slightly.

Rules can only restrict most ordinary people who do not meet the requirements; those who do meet the requirements are not subject to the rules.

This is just like opening an entertainment venue or club.

The stricter you are in managing things, the more people will want to go out and have fun.

In the end, all the money went to foreign countries.

“I remember now, on the plane today, several people were talking about some kind of big conference… They all seemed to be here to attend.” Qian Jiajia suddenly snapped her fingers.

"Yes, just like you asked. Some people trade stocks, some trade forex, and naturally some people will do quantitative cryptocurrency trading. If quantitative stock trading is like hunting in the forest, and quantitative forex trading is like surfing on the high seas, then quantitative cryptocurrency trading is like driving a modified race car recklessly through an anarchic cyberpunk desert. Although the underlying tools (Python, C++, statistics) are the same, quantitative cryptocurrency trading has an extremely distinct wildness in terms of trading environment, execution logic, and risk dimensions. Think about it, stocks, forex, and futures have market entry conditions. But cryptocurrencies are decentralized, meaning you can open an account and use it immediately, with a very low barrier to entry. What will happen when everyone uses this to fight it out? High-frequency trading, making a few dollars each time?" Chen Xi chuckled.

Taking forex as an example, the entry requirements vary from place to place, but a license is always required. Furthermore, the rules and conditions differ, such as verification of funds and leverage ratios.

新家婆的杠杆倍数是零售投资者20:1，认证投资者50:1至 100:1。而泡菜国则是全球杠杆限制最高的，只有10:1，而且还是通用。

In terms of risk level, stocks, futures, and forex are ranked from lowest to highest. The risk of cryptocurrencies depends on policies and exchanges, as exchanges frequently experience issues like network outages and disappearing with funds.

If there are no entry barriers, it will become involution, meaning everyone is taking big risks to earn small amounts of money.

While the two were chatting, two other foreigners who were also smoking were talking on their phones.

"Look at Tesla, they just started advertising their self-driving technology. And now, taxi and logistics companies are causing trouble."

"That's how companies are these days. Middle and senior management are all laymen, while the lower levels are all experts. Laymen direct experts to do things according to their own ideas. How can that get things done?"

"That's right, my boss is an amateur. I always listen to him giving orders and making changes. Even though the project is already finished, he insists on making changes. After he's satisfied with the changes, it still doesn't work. In the end, he blames me, saying that I have a problem with my abilities."

"You know, these company executives are stupid. Even I, a layman, can see that the technology is immature, yet they still think self-driving cars are feasible and actually put them into operation. Now the entire company's projects are paralyzed. It's just plain stupid."

Chen Xi pricked up her ears to eavesdrop, and subconsciously took out her phone to check.

Sure enough, the news report contained almost exactly what those two foreigners had said.

In the United States, any company that has partnered with Tesla's self-driving technology is now facing difficulties.

The lower-level employees of these companies had long been dissatisfied with the middle and upper management, and this self-driving car project has instilled a sense of panic among many. Some feel they might lose their jobs because of these beat-up cars, while others simply don't want the change. This is because the company's drivers, whose job is to drive, are now being forced to learn about self-driving technology to handle emergencies.

The reason for this self-driving technology is related to safety and work efficiency.

Before his rebirth, Chen Xi had actually seen similar situations before.

There have been incidents of driverless cars hitting stray dogs on the road, malfunctioning recognition systems and remaining stationary at intersections, or being unable to move forward after encountering oncoming electric scooters.

"Technology will continue to upgrade, automation will eventually replace human labor, and innovation is inevitable." This is a sentence Tesla posted online after the incident.

Without lengthy explanations, just a short sentence conveyed the company's attitude, or rather, Musk's personal attitude.

"Vice President, don't worry. When something new comes out, there will be all sorts of difficulties to overcome, and there will be a long period of adaptation. It's just like when firearms were first invented; their actual use on the battlefield was not as good as bows and arrows..." Qian Jiajia comforted her softly.

After the two smoking foreigners left, Chen Xi shrugged.

"I'm not worried about that. This news is just a ploy to get people to buy at the bottom. There's no way around it; when it comes to stock trading, you always have to release some big news."

"Then why are you frowning so much?" Qian Jiajia blinked, looking puzzled.

"It's nothing." Chen Xi thought for a moment, but ultimately didn't say it.

Melbourne, Australia. It's already 9 PM local time. Normally, most companies would have already closed, and even half of the restaurants would be shut down.

However, the lights inside the Sihai Company were still on.

Liya, Xiaoming, Xialian, Gouzi, and others are sitting together having a meeting.

The group was divided into two sides: one side was the reformists led by Liya and Gouzi, and the other side was the conservatives.

Now that the company has grown, many more people have been added to the middle and senior management positions.

With more people involved, opinions also increase. Sihai has always followed a traditional logistics and service model, which has now reached a bottleneck. Although they made a lot of money before, the economic situation in Australia is getting worse and worse. Dog thinks that if Sihai continues with its old model, it will eventually go bankrupt like Nokia.

For traditional industries to grow large, endure, and last for centuries, they typically require a powerful backer and a monopolistic approach. However, in Western countries, all of this is controlled by conglomerates.

In other words, if Sihai engages in a protracted battle with established logistics companies, it will eventually be defeated and absorbed.

They weren't bothered before because Sihai was originally a small company. Now that they've grown big, large corporations naturally feel threatened.

“Sihai was founded by my uncle, and I don’t want to ruin the company. A company’s reform can lead to major changes, and if it fails, all our previous efforts will be wasted. Liya, you’ve never done any low-level work and you don’t understand logistics at all. You only know how to make quick money for the company through financial means. We’re in a traditional industry; there’s no need to add those underdeveloped technologies. It’s 2019 now, not 2099…” Xiaoming said, arms crossed.

His words implied that Liya was an outsider, an amateur, and completely clueless about Sihai's business.

"You're wrong about that. I started from the bottom. I think reform is absolutely necessary. Xiaoming, you've always stayed in Sihai, while I've worked in many industries. For example, bricklaying machines are used to build houses now, which means that building houses is cheaper and more efficient. Also, running a business is different from going to school; talking about theory is useless. Look how well Liya did under Carsales! Results speak for themselves!" Gouzi immediately jumped in to defend Liya.

Ouyang Ming was naturally unhappy to see his girlfriend being attacked, and he said with a stern face, "Xiao Ming, I know the company was founded by your uncle. But without everyone's hard work, Sihai would probably have gone bankrupt long ago. My darling is a business genius, so don't always talk like that from books. What you read in school is no longer applicable. The textbooks have probably been changed a long time ago. Why don't you go back to school and read them again?"

“Sihai’s employees have all worked hard with us all along. We can’t just replace them with machines now that the company has grown bigger. Our employees have sweated for us, and in addition to paying them salaries, we also need to consider the emotional aspect…” Xia Lian spoke up at this point.

“What you’re saying is not true. We’re not going to fire all our employees. Current technology can’t completely replace human labor. We’re just trying it out and promoting it to the outside world. There are many benefits to this. First, it can change Sihai’s external image and let others know that we are not just a traditional logistics and service company. Second, it can cooperate with projects of companies like Hip Hop and Carsales…” Gouzi added.

“I don’t think this is appropriate. The trial you mentioned will have serious consequences. Imagine you’ve developed a driverless delivery vehicle. Although the co-driver needs human assistance, everyone knows that they will be replaced once the technology is ready. The company will be filled with anxiety, and it might even go bankrupt before the technology is fully developed…” Tian Gou, who had now reached a senior position, sided with Xia Lian and Xiao Ming.

He has feelings for Sihai, especially for his mentor and the company's veterans.

If we support reforms, what will happen to the older people?
You can't say that once you gain control of the country, you should kill your meritorious officials.

“Ahem, I think company reform is brutal; every company in the world faces this situation. Chen Xi has given me the position of CEO of Carsales, and I will also be responsible for assisting in the development of other projects, trying to connect everything together. My job is to improve the overall profitability of the company and make it stronger and bigger. Everyone has different positions, so it's normal to have different opinions. I will discuss the specifics with Chen Xi later…” Liya, who had been silent until now, spoke up.

She proposed the reforms, but now it seems to be facing some difficulties.

Companies like those in the US and around the world are now facing the same situation.

"My uncle's request to me is still to save the company..." Xiaoming shook his head.

Xia Lian thought to herself at that moment.

Chen Xi entrusted the company to me; I can't let it be ruined.

New mother-in-law.

Chen Xi, who was working separately, asked Qian Jiajia to watch over the team while he went to a hotel near the exchange alone.

The exchange is located on Shenton Way, which is not far from Chinatown.

On his way to the hotel, Chen Xi saw many people wearing blue hats. He had also seen them on the plane; they were the same group discussing the meeting. These people should all live in Chinatown.

"Hurry, hurry, the conference is about to start. All the big names in the crypto world are here!"

"Thank goodness, I lost my hat while eating. I thought I wouldn't be able to attend the meeting. Luckily, there's a hat shop here, but the prices are really high. A hat that costs 10 yuan in China costs 150 yuan here... What's the rush? It's not like this meeting is only open for one day."

Two men rushed out of a small shop and went straight into the hotel.

Chen Xi glanced ahead, then at the hat shop on his right, and with a smirk, went inside.

Two minutes later, a young man wearing a blue hat came out of the store.

The conference hall is located on the third floor of the hotel.

'XXX Exchange Global Conference'

A large sign stands at the entrance of the lobby corridor, with several promotional pictures next to it.

"This conference will unveil XXX's major ecological layout and future development blueprint. Don't miss the exciting content. Let's go to the provincial capital together and start a new era of wealth."

Chen Xi looked at the sign in front of him, then glanced at the entrance to the hall not far ahead, and walked straight there. (End of Chapter)