Chapter 48
Chapter 48:
Kwak Jungwook entered the room with timid movements. He seemed nervous as he handed out the reports he and Woosung prepared together.
Before this meeting, Woosung told Kwak Jungwook that this was going to be his chance to shine. Woosung would leave soon anyway, so he wanted Kwak Jungwook to get all the credit.
Kwak Jungwook started.
“I…if you see the first page, you can see the reasons the new users provided for subscribing to our system.”
It was the first time he ever did a presentation in front of such high-ranking members. He stuttered, but he managed to regain his composure when Woosung gave him a reassigning look.
“Advantages of the HTS
- Speed trading.
- Stable HTS.
- Winning stock recommendation function.”
“As you can see, the new recommendation function is the third most popular reason to attract new customers. This means many users find the recommendations helpful. So why do you think most VoCs are negative?”
As he continued, Kwak Jungwook managed to his confidence in himself.
“It’s simple. Those who are making money from this system want to keep it to themselves. Let’s take a look at the data.” Kwak Jungwook turned to the next page. “This shows how well our recommended stocks did last 2 weeks. So far, we recommended 41 stocks, and 23 of them soared over 10% each. Our current success rate is 58%.”
The chief of the Risk Management Team asked.
“But what about the other 18 stocks? How did they do? The complaints must be from those who bought those stocks.”
“Have a look.”
: -5.2%
“An average of 5.2% loss was seen among those stocks. Our system works as we planned. It has over 50% chance of success. So why are we getting so many complaints?”
No one could answer. Kwak Jungwook felt powerful as he looked around the room. He looked at Woosung with a strong hint of appreciation. Na Jaeman asked the chief of Risk Management Team.
“What do you think?”
“Um…My guess would be that those customers who lost money left bad reviews before they unsubscribed.”
Kwak Jungwook continued his presentation.
“If you look at the next page, you can see that so far there are 1987 users who lost money from our recommendations. It’s less than 2000 people. Even if all of them canceled their subscriptions, it wouldn’t be enough to affect Nuri Finances’ overall performance.” Kwak Jungwook added confidently. “These are raw data that haven’t been sent to anyone yet. It’s no wonder many people believe the new function to be the reason for the decrease in our performance.” Kwak Jungwook stood tall and continued. “I will now explain why the company’s performance declined. Please have a look at page 4.”
Woosung looked at Kwak Jungwook like a proud mare of a galloping stallion. Others also looked at him with the purest form of admiration. Na Jaeman said to Kwak Jungwook.
“I can see how hard you worked on this, Manager Kwak. I never realized before how talented you are.”
After the presentation, Woosung and Kwak Jungwook headed to IDC (Internet Data Center: The repository that safely houses computing facilities such as servers.) in Mokdong. Kwak Jungwook thanked Woosung.
“Haha, thank you so much. You made me look really good in front of my boss today.”
“No problem. You have helped me out a lot over the last few months. This is nothing.”
They entered the IDC after signing in.
“No, I owe you a big one. I will buy you lunch sometime.”
“Alright. As I said before, the success rate of this function will decrease over time. You need to remember this.”
Kwak Jungwook nodded and repeated what Woosung told him before.
“As the number of users increases, the number of transactions will increase as well. This will cause the algorithm to be less profitable.”
“Exactly, and after I leave, if you need anything, you can talk to Manager Park.”
Kwak Jungwook nodded and looked at Woosung respectfully. “I understand. Without you, I can see a difficult time ahead of our company. Manager Park will have a lot of work to do to fill your shoes.”
“I know, but he’ll do just fine. I must admit, I am starting to get worried about him. I think he has been working late nights every day for a while now.”
One could visibly see that Park Junwoo lost a lot of weight recently.
“I noticed too. I hope he’s ok.” Woosung nodded. Kwak Jungwook hesitated before asking. “Um, can I watch you uploading the server on DMA?”
“Of course. I can’t show you the insider codes but otherwise, you can watch the rest.”
Woosung sat down in front of one of the computers inside IDC. He started to type fast.
It wasn’t just Woosung in the room. Many developers were there working too.
‘So I know for sure the Beta version of this algorithm works. I wonder how well the Alpha version would perform?’
Woosung smiled as he worked. He had a DMA circuit from Shin Semi.
It could only be used from Mokdong IDC. It was an inconvenience, but it was all worth it. Woosung tested it and found it was up to 0.004 seconds faster.
‘Let’s try it with just 50,000 dollars. If it works well, I will add the other 70,000 dollars and any more money I make from now on. Haha’
If he invested everything using the algorithm trading, Woosung expected a huge return.
10 million dollars. Maybe even more.
Woosung focused and started the Alpha version of his algorithm trading system.
-nuri@unixchannel# start-autotrading.sh
[INFO] Auto Trading System Starting….
[INFO] Network Status Check…. : Complete
…
…
When he executed the start script, the program began.
Nuri Finances’ HTS became the most popular online search term within a few days.
1.Nuri Finances HTS
2.Winning Stocks Recommendation
3.Nuri Finances Subscription
4.Nuri Finances Group
It was the best PR any company could ask for, and it was being done for free. The effect was immediate too. The increase in the number of new users came as quick as thunder. Chairman Shin Yongwon called for Na Jaeman.
“President Na, you did great.”
“It is all thanks to my employees.”
“Did you say his name was Woosung Kang?”
“Yes, sir.”
“And he refused the job offer from Nuri Finances?”
“He said he doesn’t want to work for anyone. I think he must be planning to create his own company.”
Shin Yongwon rubbed his chin. “Keep an eye on him and when you get a chance, ask him again. You and I both know how hard it is to survive in this field. I will make sure he fails and that will be our chance.”
Na Jaeman shivered. He understood what Shin Yongwon meant to do. Na Jaeman didn’t agree with his intentions but nodded. He had no choice.
“Yes, sir.”
“Anyway, that’s that. Now, how well do you think Nuri Finances will do this period?”
“If this continues, we will become number one within one month.”
“Haha, that good? So we really need him then. I will have to make it happen.”
Na Jaeman nodded again and Shin Yongwon smiled.