Ubuchwepheshe be-Guangdong Inkue Buhambisa Amasu Okuhweba Amanani Aphakeme Esizukulwane Esilandelayo.
Kwadalwa ngo 08.25
I-Guangdong Inkue Technology inika amandla amasu esizukulwane esilandelayo okuhweba ngemvamisa ephezulu.
Isingeniso Sokuhweba Ngemvamisa Ephezulu Ezimakethe Zanamuhla
Umhlaba wokuhweba ngogesi uguqukile emashumini eminyaka amabili adlule ngenxa yokuphishekela isivinini okungapheli, futhi asikho isigaba esibonisa lolu shintsho ngokusobala njengokuhweba ngefrikhwensi ephezulu. Ukuhweba ngefrikhwensi ephezulu, okuvame ukufinyezwa ngokuthi HFT, kubhekisela emkhubeni wokusebenzisa amakhompyutha anamandla ukuze kwenziwe inani elikhulu lama-oda ngesivinini esimangalisayo, ukukala izikhathi zokuqedwa ngama-microseconds kune-milliseconds. Ukubaluleka kokuhweba ngefrikhwensi ephezulu ezimakethe zanamuhla akunakwehliswa, njengoba izinkampani ze-HFT manje sezibalelwa cishe ingxenye yayo yonke imali yokuhweba yansuku zonke ezimakethe ezinkulu zamasheya emhlabeni wonke. Kusukela ekuhambiseni ama-oda ashesha kakhulu kuya kuma-algorithms ayinkimbinkimbi okwenza imakethe, ingqalasizinda yokuhweba ngefrikhwensi ephezulu ithinta zonke izingqimba zohlelo lwezokushintshisana lwanamuhla. Kulesi sihloko, sihlola indlela yokusebenza kokuhweba ngefrikhwensi ephezulu, siphenya ucwaningo lwakamuva ngemicimbi esheshayo ye-flash, futhi sibonisa indlela i-Guangdong Inkue Technology Co., Ltd ehlinzeka ngayo ngengqalasizinda edingekayo ukuze uphumelele kule ndawo enzima. Endleleni, sixoxa ngakho konke kusukela ekudlulisweni kwesignali ye-uhf ultra high frequency kuya ekuthathweni kwedatha nge-hertz ephezulu kanye nokuxhumana ngefrikhwensi ephezulu kakhulu, ngoba wonke umzuzwana ubalulekile ekuhwebeni ngefrikhwensi ephezulu.
Umsebenzi wethu e-Guangdong Inkue Technology Co.,Ltd uwukuhlanganisa izinto zobuchwepheshe ezisezingeni eliphezulu, isofthiwe ehlakaniphile, kanye nolwazi olujulile lwezimakethe kube yiqoqo elihlangene lezixazululo zokuhweba ngejubane eliphezulu. Saklama futhi sisebenzise amasistimu ane-latency ephansi aphatha konke kusukela ekutholeni idatha yemakethe eluhlaza kuya ekwenzeni ama-oda ayinkimbinkimbi, siqinisekisa ukuthi umkhawulokugcina ngamunye ulungiselelwe ukusebenza nokuthembeka. Ngokungafani nabathengisi bezobuchwepheshe abajwayelekile, sigxile ngokukhethekile ezidingweni ezikhethekile zezindawo zokuhweba nge-algorithmic nangejubane eliphezulu, okusho ukuthi amakhasimende ethu athola amathuluzi akhelwe inhloso ethile kunokuba asebenzise isofthiwe yebhizinisi esetshenziswa kabusha. Ungafunda okwengeziwe ngefilosofi yethu nomlando wethu wokusebenza ku-Mayelana Nathi ikhasi, bheka umbono wethu wenkampani ku-Ikhaya ikhasi, futhi ulandele intuthuko yethu yakamuva ku-Izindaba isigaba sewebhusayithi yethu. Ngaphezu kwakho konke, sikholelwa ukuthi ukuhweba nge-frequency ephezulu kufanele kufinyeleleke, kube sobala, futhi kulawuleke, futhi ipulatifomu yethu yonke yakhelwe ngaleyo migomo emithathu. Ngokusekelwa kwethu, abahwebi bangakwazi ukuzulazula ezimakethe eziguquguqukayo ngesivinini, ngokunemba, nangokuzethemba okudingwa ukuhweba kwanamuhla nge-frequency ephezulu.
Ukuqonda Ukuhweba Ngemvamisa Ephezulu
Incazelo Nezingxenye Eziyisisekelo Zezinhlelo ze-HFT
Enyikithi yayo, ukuhweba ngemvamisa ephezulu kuchazwa ngezici ezintathu ezibalulekile: ukubambezeleka okuphansi ngokwedlulele, isivinini esiphezulu ngokwedlulele, kanye nokuhamba okuzenzakalelayo kwenani elikhulu lama-oda. Ingxenye ngayinye kumgudu wokuhweba ngemvamisa ephezulu, kusukela kuzixhumi zenethiwekhi kuya kungqimba yohlelo lokusebenza, kumele yakhelwe ukunciphisa ukubambezeleka, futhi ngisho ne-microsecond eyodwa inganquma ukuthi ukuhweba kunenzuzo yini. Izinto eziyisisekelo zihlanganisa amaseva abekwe ndawonye, imithombo yedatha yezimakethe enesivinini esiphezulu, ihardware yokubhala isikhathi ngokunemba, nama-algorithms okusebenza angasabela ezimweni zemakethe ngesikhathi sangempela. Ukwengeza, izinhlelo zanamuhla zokuhweba ngemvamisa ephezulu zincike kubuchwepheshe benethiwekhi obukhethekile, okuhlanganisa izixhumanisi zomsakazo we-UHF (ultra high frequency) kanye nezixhumanisi zama-microwave e-SHF (super high frequency), ukuhambisa idatha phakathi kwezindawo zokuhweba ngokushesha okudlula izintambo ze-fiber-optic. Le nhlanganisela yehardware, isofthiwe, kanye nenethiwekhi enokubambezeleka okuphansi kakhulu yilokho evumela izinkampani zokuhweba ngemvamisa ephezulu ukuba zithathe amathuba asheshayo angabonakali kubahlanganyeli abanensayo. Ukuqonda lezi zinto eziyisisekelo kubalulekile kunoma iyiphi inhlangano ethemba ukuncintisana emkhakheni wokuhweba ngemvamisa ephezulu.
Izinzuzo Eziyinhloko: Isivinini, Ukusebenza Kahle, Noketshezi
Ukuhweba ngemvamisa ephezulu kuletha inzuzo eziningi ezingaphezu kwamadeski okuhweba aziqhubayo, futhi isivinini siwubuhle obugqame kakhulu. Ngokwenza ama-oda ngemizuzwana, izinhlelo zokuhweba ngemvamisa ephezulu zithuthukisa ukusebenza kahle kwemakethe ngokunciphisa umehluko phakathi kwenani lokuthenga nokuthengisa kanye nokwehlisa izindleko zokuhweba kubo bonke ababambiqhaza bemakethe. Ukuhlinzekwa kwe-liquidity kungenye into ephawulekayo yokuhweba ngemvamisa ephezulu, njengoba ama-algorithms okwenza imakethe eqhubeka ecaphuna amanani okuthenga nokuthengisa, engeza ukujula ku-order book ngisho nasezimeni ezinzima. Abatshalizimali bezikhungo, izimali zempesheni, ngisho namabhange amakhulu ancike ku-liquidity okusiza ukuhweba ngemvamisa ephezulu ukukuhlinzeka, nakuba kungenzeka bengakuboni njalo. Ezinkampanini ezisebenzisa lezi zinhlelo, ukuhweba ngemvamisa ephezulu kuguqula umehluko omncane wamanani kube yinzuzo eqhubekayo ekhulayo, inqobo nje uma ubuchwepheshe busebenza kahle. Ngokufingqa, ukuhweba ngemvamisa ephezulu kuzuzisa umphakathi wonke wemakethe kuyilapho kuvuza izinkampani eziyinkimbinkimbi ezazi ukufeza izidingo zobuchwepheshe.
Izinselele Ezijwayelekile: I-Latency, Ukushintashintashintasha Kwemakethe, Nokuthobela Imithethonqubo
Naphezu kwezinzuzo zayo eziningi, ukuhweba ngemvamisa ephezulu kuveza izinselelo ezinzima ezingakhubekisa ngisho nezinkampani ezinolwazi, futhi ukubambezeleka kuseyona inselelo enzima kunazo zonke. Ukubambezeleka kwenethiwekhi, izinkinga zehadiwe, nezindlela ezihamba kancane zesofthiwe konke kuletha ukungazinzi, futhi izinkampani ezihweba ngemvamisa ephezulu kumele zilinganise futhi ziqede wonke umthombo wokubambezeleka ngokucophelela. Ukushintshashintsha kwemakethe kwandisa ubunzima, ngoba ukwehla nokukhuphuka kwamanani ngokushesha kungadala uchungechunge lwama-oda okumisa nokwehla kwamanani okusheshayo okujezisa amasu e-HFT ahamba kancane noma angavikelwanga kahle. Ukuthobela imithetho kungenye ingqikithi yobunzima, njengoba iziphathimandla eYurophu, eNyakatho Melika, nase-Asiya zethule imithetho elawula ukuhweba ngama-algorithms, izilinganiso zama-oda nokuhweba, nezilawuli zobungozi. Izinkampani ezisebenzisa izinhlelo zokuhweba ngemvamisa ephezulu kumele ngakho-ke zitshale kakhulu ekuqapheni, ekuhloleni, nasekuhlolweni kwengqalasizinda yazo ukuze zihlale zithobela umthetho. Ukunqoba lezi zinselelo kudinga uzakwethu wezobuchwepheshe oqonda kokubili ubunjiniyela kanye nomongo wemakethe wokuhweba ngemvamisa ephezulu, futhi yilapho ubuchwepheshe bethu bungena khona.
Imbono Ezocwaningo Lwakamuva Ngezehlakalo Ze-flash
Ucwaningo lwakamuva olushicilelwe kujenali ehamba phambili yezezimali luhlole ukuthi izinkampani ezihweba ngejubane eliphezulu (high frequency trading) zaziziphatha kanjani ngezikhathi zezehlakalo ezisheshayo ze-flash, futhi okutholakele kunikeza izifundo ezibalulekile kumkhakha wonke. Abacwaningi bahlaziya idatha yokuhweba emazingeni ama-millisecond evela esiteshini esikhulu saseYurophu ngezikhathi zokukhuphuka kwe-volatility okwedlulele, kwavela ukuthi izinkampani ze-HFT zehlisa kakhulu ubukhulu bokuhweba kwazo futhi zandisa amazinga amanani azo (quoted spreads). Okuthakazelisayo ukuthi ucwaningo lwathola ukuthi ukuhlinzekwa kwe-liquidity kwe-high frequency trading kwaba nokukhetha kakhulu ngezikhathi ze-flash events, njengoba izinkampani zihlehla ezimakethe lapho ukungalingani kolwazi (information asymmetries) kwakukhulu khona. Nakuba abanye babecabanga ukuthi izinkampani ze-HFT zingandisa ukungazinzi, ubufakazi babonisa ukuthi abasebenzisi abanekhono kakhulu be-high frequency trading empeleni babenza umsebenzi wokuzinzisa ngokuqhubeka nokunikeza amanani (quotes) ezinsizeni ezazihweba kakhulu. Nokho, ucwaningo luphinde lwaqokomisa izingozi zokuziphatha kwe-herding, lapho ama-algorithms amaningi e-high frequency trading elandela izinkomba ezifanayo futhi engakhulisa ukunyakaza kwamanani ezimakethe ezinomthamo omncane. Kubadayisi bezikhungo nabadayisi abavamile, lokhu okutholakele kusho ukuthi izenzakalo ze-flash akuzona iziphazamiso ezingahleliwe kodwa izimpendulo ezingabikezelwa ekucindezelekeni kwemakethe, futhi ukuqonda lokho kubalulekile ekwakheni amasu okuhweba aqinile.
Imiphumela esebenzayo yalolu cwaningo idlula kude nje ukufuna ulwazi, ikakhulukazi ezinkampanini ezicabanga ukungena ekuhwebeni okuvamile okusheshayo (high frequency trading). Okokuqala, ucwaningo lugcizelela ukubaluleka kwama-algorithms aguqukayo angakwazi ukushintsha indlela aziphatha ngayo ngesikhathi sokucindezeleka kunokuba alandele uketshezi ngoba nje kungenxa yezindleko zonke. Okwesibili, lubonisa ukuthi izilawuli zobungozi nezinkinobho zokucisha (kill switches) akuzona nje izinto ezingezelekile kodwa ziyizingxenye eziyisisekelo zanoma yikuphi ukusetshenziswa okuthembekile kokuhweba okusheshayo. Okwesithathu, ucwaningo luphakamisa ukuthi abahwebi kufanele balindele ukuntengantenga okukhulu kanye noketshezi oluncane ngezikhathi zezehlakalo eziphuthumayo (flash events), futhi bahlele amaphothifoliyo abo ngokunjalo. Okwesine, okutholakele kuqinisa ukubaluleka kokufinyelela okusheshayo (low-latency) kudatha yemakethe ethembekile, ngoba izinkampani ezikwazi ukubona futhi zisabele ngokushesha ezehlakalweni eziphuthumayo zikwazi kangcono ukuzuza noma ukuzivikela. Okokugcina, ucwaningo lusikhumbuza ukuthi ukuhweba okusheshayo kuyinkambu eguqukayo lapho amasu ayizolo kungenzeka angasebenzi kusasa, ngakho-ke ucwaningo oluqhubekayo nokuzijwayeza kubalulekile. Zonke lezi zindlela zokubuka zakha uhlaka lokuthola inani eliqhubekayo ekuhwebeni okusheshayo ngenkathi kulawulwa izingozi ezihambisana nakho.
Indlela i-Guangdong Inkue Technology Ekhulisa Ngayo Ukuhweba Ngejubane Eliphezulu
Ingqalasizinda ye-Latency Ephansi: Ukuxhumana Ngejubane Eliphezulu Nezinsizakalo Zokuhlala Ndawonye
E-Guangdong Inkue Technology, sakhe yonke inkundla yethu ngesimiso sokuthi ibanga nokubambezeleka kuyizitha zokuhweba okwenziwa njalo ngezinga eliphezulu (high frequency trading), ngakho-ke ingqalasizinda yethu yokubambezeleka okuphansi ayiqhathaniseki nanoma yini. Izinsiza zethu zokuhlala ndawonye (co-location) zibeka amaseva akho okuhweba ngokomzimba ngaphakathi kwezikhungo zedatha zokushintshisana, zinciphisa izikhathi zokuhamba kwedatha (round-trip times) zibe ngaphansi kakhulu okungenzeka ngaphansi kobuchwepheshe bamanje. Sisakaza izixhumanisi ze-microwave ze-UHF (ultra high frequency) ne-SHF (super high frequency) kanye nezintambo ze-fiber eziqashiwe, sakha inethiwekhi eningi yezindlela zokuxhumana ezinokubambezeleka okuphansi kakhulu phakathi kwezindawo ezinkulu zokuhweba. Wonke ama-router, ama-switch, nezintambo kunethiwekhi yethu akhethwa futhi alungiswa ukuze kuncishiswe ukubambezeleka kwamaphakethe (packet delay), futhi siqhubeka siqapha ukushintshashintsha kwesikhathi (jitter) ukuze siqinisekise ukusebenza okungaguquki, hhayi nje ukuqhuma kwesivinini ngezikhathi ezithile. Onjiniyela bethu benza ukuhlolwa kokubambezeleka njalo futhi basebenza namakhasimende ukuze bathuthukise yonke indawo yokugxuma (hop) ekuhambeni kwama-oda abo, kusukela ekwamukelweni kwesignali kuya ekuqinisekisweni kwe-oda. Umphumela uyindawo yokuhweba enezinga eliphezulu lapho ukunemba kwe-microsecond kuyizinga elijwayelekile, hhayi nje isimemezelo sokumaketha.
Imithombo Yokudla Yedatha Yezimakethe Ethuthukile Nokuhlaziya Ngesikhathi Sangempela
Imininingwane yemakethe enembile, efika ngesikhathi iwumgogodla wanoma yiliphi isu lokuhweba elivamile (high frequency trading), ngakho-ke sihlinzeka amakhasimende ethu ngemithombo yedatha ethuthukisiwe ebamba yonke i-tick ngezinga eliphezulu le-hertz. Ama-feed handlers ethu enziwe kahle ukuze ahlazi futhi alungise idatha ngaphandle kokulimala okucishe kube khona ekucubunguleni, kuqinisekiswa ukuthi ama-algorithms akho asebenza ngaso sonke isikhathi ngesithombe esisha kakhulu semakethe. Ngaphezu kwedatha eluhlaza yentengo nevolumu, sinikeza ukuhlaziya ngesikhathi sangempela okubala ukungalingani kwe-order book, ukugeleza kokuhweba, kanye nezimpawu ze-microstructural ngqo endaweni yethu. Lo mzila wedatha we-high-frequency usekela konke kusukela kumasu alula e-momentum kuya kumamodeli ayinkimbinkimbi we-statistical arbitrage, konke ngaphakathi kwendawo eyodwa ehlanganisiwe. Ngenxa yokuthi ingqalasizinda yethu yedatha yakhelwe ukuhweba kwe-high frequency kusukela ekuqaleni, ngeke uke udinge ukuhlanganisa izixazululo ezingaphelele ezivela kubathengisi abaningi. Ngokuhlaziya kwethu, abahwebi bangenza izinqumo ezisheshayo, ezinolwazi olungcono futhi basabele ezehlakalweni zemakethe ngesikhathi sangempela, okuyiyona ingqikithi yokuhweba okuyimpumelelo kwe-high frequency.
Ukuphathwa Kwezinhlekelele Okuphelele Namathuluzi Okuthobela Imithetho
Ukujaha ngaphandle kokulawula kuyindlela yenhlekelele, yingakho i-Guangdong Inkue Technology ifaka amathuluzi aphelele okuphatha ubungozi nokuthobela imithetho ngqo endaweni yethu yokuhweba ngejubane eliphezulu. Ukuhlola kwethu kwangaphambi kokuhweba kuqinisekisa ukuthi yonke i-oda liyahambisana nemikhawulo yezikhundla, amazinga okuthenjwa, kanye nemikhawulo yokuguquguquka ngaphambi kokuba lifinyelele emakethe, kuvimba amaphutha abizayo ngaphambi kokuba enzeke. Amadeshibhodi okuqapha ngesikhathi sangempela anika amaqembu okuthobela imithetho ukubona okugcwele kokugeleza kwama-oda, amazinga okugcwaliseka, nezibalo zokubambezeleka, kusekela ukuhlolwa nokubika ngokulawula kalula. Izinkinobho zokuvala ezilungisekayo kanye nama-circuit breaker avumela izinkampani ukuthi zimise ukuhweba ngokushesha uma kutholakala ukuziphatha okungavamile, kuvikelwe kuma-algorithms agijimayo. Sakha izici zethu zokuthobela imithetho ukuze zanelise izidingo eziqinile zabalawuli emazweni amaningi, okuhlanganisa i-MiFID II, i-Reg NMS, kanye nezinhlaka ezifanayo e-Asia. Ngokuhlanganisa ijubane lokwenza nokulawula ubungozi okuqinile, ipulatifomu yethu ikuvumela ukuthi uphishekela amasu okuhweba ngejubane eliphezulu ngaphandle kokudela ukuphepha noma isimo sokuthobela imithetho.
Izinhlaka Zokuhweba Ngama-algorithms Ezingaguquguquki
Yonke inkampani yokuhweba inenzuzo eyingqayizivele, futhi lokho sikuhlonipha ngokunikeza izinhlaka zokuhweba ezingaguquki ezingenziwa ngendlela oyifunayo kunokuba siphoqe amakhasimende ukuthi asebenzise imodeli eyodwa efanele wonke umuntu. Ipulatifomu yethu ihlanganisa umtapo wezincwadi ocebile wezifanekiso zamasu asungulwe ngaphambilini ahlanganisa ukwenza imakethe, i-arbitrage, i-momentum, kanye ne-mean reversion, konke lokhu kungaguqulwa ukuze kuhambisane nemakethe yakho ethile kanye nethuluzi lakho. Emabuthanweni athuthukile, sihlinzeka ngendawo yokuthuthukisa enamandla esekelwe ku-Python lapho ochwepheshe bezibalo bengabhala khona ikhodi, bahlole emuva, futhi basebenzise ama-algorithms abo okuhweba ngejubane eliphezulu ngamahora ambalwa kunokuba kuthathwe amasonto. Uhlaka luhlanganisa ukuhlaziywa kokusebenza okwakhelwe ngaphakathi, ukuhlolwa kwengcindezi, kanye nokuthuthukiswa kwe-walk-forward, ukuze ukwazi ukuqinisekisa amasu akho ngaphambi kokuba ubeke imali yangempela engcupheni. Ngenxa yokuthi ingqalasizinda yethu i-API-first, ama-algos akho angaxhuma kalula kuma-exchange amaningi, abathengisi, kanye nezinhlelo zangaphakathi ngaphandle kwezinkinga zokuhambisana. Lokhu kuguquguquka kuqinisekisa ukuthi izixazululo zethu zokuhweba ngejubane eliphezulu zikhula kanye nebhizinisi lakho njengoba amasu akho nezimakethe zishintsha ngokuhamba kwesikhathi.
Izinzuzo Eziyinhloko Zokukhetha i-Guangdong Inkue Technology
Ukukhetha umlingani wengqalasizinda yokuhweba ngemvamisa ephezulu yisinqumo esibalulekile, ngakho siyaziqhenya ukugqamisa izinzuzo ezibalulekile ezihlukanisa i-Guangdong Inkue Technology kwabancintisana nayo. Injini yethu yokusebenza ifinyelela ukusebenza okunemba kwemizuzwana eyisigidi ngokuhlanganisa indawo efanayo, ihadiwe elungiselelwe kahle, nesofthiwe elungiselelwe ngokucophelela, okunikeza wena ithuba lokushesha elilinganisekayo ngaphezu kwabanye ababambiqhaza bemakethe. Sisebenzisa indawo yokuhweba enokwethenjelwa kakhulu nephumelelayo yemvamisa ephezulu, enezinhlelo eziphindaphindwayo, ukubethela, nokuqapha okungapheli okunciphisa isikhathi sokuphumula futhi kuvikele amasu akho ezinsongweni zobugebengu be-inthanethi. Izixazululo zethu ziyaguquguquka futhi zilungiselelwe indlela yakho yokuhweba, noma ngabe ungumakhi wemakethe, umthengisi wokuhlukanisa, noma umhwebi womfutho oqondile, ukuze ungakhokhi ngezici ongazisebenzisi. Ithimba lethu elinamava linikeza ukwesekwa okukhethekile, linikeza isiqondiso kukho konke kusukela ekulungiseleleni ingqalasizinda kuya ekuthobeleni imithetho, konke kusekelwa ulwazi olujulile lokuhweba ngemvamisa ephezulu. Ekugcineni, imodeli yethu yamanani entengo efanelekile iqinisekisa ukuthi ungathola inzuzo yokuncintisana ephezulu ngaphandle kwezindleko ezinkulu ezidingwa izinkundla eziningi ze-HFT.
Ukusetshenziswa Kwangempela Kokuhweba Ngejubane Eliphezulu
Ubuchwepheshe bokuhweba ngemvamisa ephezulu obuvela ku-Guangdong Inkue Technology busetshenziswa ezinhlobonhlobo zezikhungo zezezimali, futhi imiphumela iyazikhulumela. Izimali zokuvikela ezilinganiselayo zisebenzisa inkundla yethu ukuze ziqhube amasu ayinkimbinkimbi we-statistical arbitrage kanye nama-alpha amasu ayimfihlo ancike ekusebenzeni kwemizuzwana encane kanye nedatha yemakethe ethembekile. Izinkampani zokuhweba ezingezona ezomphakathi zisebenzisa indawo yethu yokuhlala ndawonye kanye nobuchwepheshe bokuxhumana obunamandla aphansi kakhulu ukuze zincintisane ngamandla ezintweni eziwuketshezi ezifana nezinkomba zamasheya, amapheya ezimali, kanye nama-futures enzalo. Amabhange okuhweba ahlanganisa ingqalasizinda yethu yokusebenza ukuze anikeze amakhasimende awo ezikhungo ukugcwaliswa okusheshayo kanye namanani angcono, eqinisa isikhundla sawo sokuncintisana emakethe egcwele. Enye inkampani ehamba phambili yokuhweba ibike ukwehla okukhulu kwe-latency yokusebenza ngemva kokuthuthela enkundleni yethu, okuhumushe ngokuqondile ekuthuthukisweni kwembuyiselo yamasu. Omunye umakhasimende, i-hedge fund emaphakathi, ugqamise ukuthi uhlaka lwethu oluguquguqukayo lwehlisa umjikelezo wokuthuthukisa ama-algorithm kusukela ezinyangeni ziye emasontweni, okubavumela ukuthi basebenzise amathuba ngokushesha kunangaphambili. Lobu bufakazi bukhombisa ukuzibophezela kwethu ekuletheni inani langempela, elilinganisekayo emkhakheni wokuhweba ngemvamisa ephezulu.
Isiphetho
Ukuhweba ngemvamisa ephezulu sekuguqule ngokuyisisekelo izimakethe zezimali zomhlaba, futhi ukubaluleka kwakho kuzokhula kuphela njengoba ubuchwepheshe buthuthuka futhi ubuningi bedatha bukhula. Ukuqonda okuvela ocwaningweni lwakamuva ngemicimbi ye-flash kusikhumbuza ukuthi impumelelo ekuhwebeni ngemvamisa ephezulu ayidingi nje isivinini esingahluziwe, kodwa futhi idinga ukuzivumelanisa nezimo, ukuphathwa kwezingozi okuqinile, kanye nokuqonda okujulile kwesakhiwo esincane semakethe. I-Guangdong Inkue Technology Co., Ltd ibekwe ngendlela eyingqayizivele ukukusiza usebenzise amandla okuhweba ngemvamisa ephezulu, kusukela kwingqalasizinda ye-latency ephansi kanye nemithombo yedatha ethuthukile kuya kumathuluzi aqinile okuthobela imithetho nama-algorithms angaguquki. Noma ngabe uyisikhwama se-hedge esilinganiselayo, inkampani yokuhweba ngemali yakho, noma ibhrokha efuna ukuthuthukisa amandla akho okusebenzisa, ithimba lethu linobuchwepheshe nobuchwepheshe obudingekayo ukuphakamisa imisebenzi yakho yokuhweba. Njengoba sibonile kulo lonke leli athikili, umlingani ofanele wokuhweba ngemvamisa ephezulu kungasho umehluko phakathi kokusebenza okuphakathi nendawo nokuhamba phambili. Siyakumema ukuthi uxhumane ne-Guangdong Inkue Technology namuhla ukuze uhlele ukubonisana futhi uthole ukuthi izixazululo zethu zingayiguqula kanjani izuIkhaya ikhasi ukuze ubone okunikezwayo, ufunde ngendaba yethu ekhasini le-Mayelana Nathi ikhasi, futhi hlala unolwazi ngezibuyekezo zakamuva kusigaba sethu se-Izindaba.
Imibuzo Ejwayelekile (FAQ)
Siyini ukuhweba ngemvamisa ephezulu (HFT)?
Ukuhweba ngemfashini ephezulu kuwuhlobo lokuhweba ngama-algorithms olusebenzisa amakhompyutha anamandla kanye namanethiwekhi ane-latency ephansi kakhulu ukuze kwenziwe izinhlobo eziningi zama-oda ngemizuzwana eyisigidi. Izinkampani ze-HFT zithola inzuzo ekungafanini okuncane kwamanani, zinikeza uketshezi, futhi zithembele ekusizeni ngejubane ngaphezu kwabanye ababambiqhaza bemakethe. Inhloso yokuhweba ngemfashini ephezulu ukuthwebula amathuba asheshayo angabonakali kubathengisi abahamba kancane.
Ukuhweba ngemfashini ephezulu kwenze ama-oda ngokushesha okungakanani ngempela?
Izinhlelo zanamuhla zokuhweba ngemfashini ephezulu zenza ama-oda ngemizuzwana eyisigidi, noma ngisho nangemizuzwana eyi-nanosecond uma kukhona amaseva abekwe endaweni yokuhweba. Ukuhamba kwamanethiwekhi phakathi kwezikhungo zedatha kungalinganiswa ngamakhulu aphansi emizuzwana eyisigidi, futhi ukwenziwa kwe-oda ngokwako kuvame ukuqedwa ngaphansi kwemizuzwana eyisigidi eyishumi. I-Guangdong Inkue Technology isekela ukwenziwa okunemba ngemizuzwana eyisigidi ngokusebenzisa i-hardware elungiselelwe kanye namanethiwekhi ane-latency ephansi kakhulu.
Ngabe ukuhweba ngemfashini ephezulu kusemthethweni futhi kulawulwa?
Yebo, ukuhweba ngejubane eliphezulu kungokomthetho, kodwa kulawulwa kakhulu ezindaweni eziningi ezinkulu zezimali. Abalawuli bethule imithetho elawula ukuhweba nge-algorithm, izilinganiso zoku-oda nokuhweba, ukulawulwa kokufinyelela emakethe, kanye nezidingo zokuphatha ubungozi. Izinkampani ezisebenzisa ukuhweba ngejubane eliphezulu kumele ziqinisekise ukuthi izinhlelo zazo zihambisana nezinhlaka ezifana ne-MiFID II eYurophu kanye ne-Reg NMS e-United States, futhi i-Guangdong Inkue Technology ihlinzeka ngamathuluzi okuthobela umthetho ukusekela lokhu.
Yiziphi izingozi eziyinhloko zokuhweba ngejubane eliphezulu?
Izingozi eziyinhloko zihlanganisa ukwehluleka kobuchwepheshe, ukushintshashintsha okwedlulele kwemakethe, izinguquko zemithethonqubo, namaphutha okusebenza. Izinkinga ze-latency zingabangela ukuthi amasu ahluleke, kuyilapho izehlakalo ze-flash zingadala ukulahlekelwa okulandelanayo ezinhlelweni ezingalawulwa kahle. Ukuphatha ubungozi ngempumelelo, okuhlanganisa ama-kill switch kanye nokuhlola kwangaphambi kokuhweba, kubalulekile ekwehliseni lezi zingozi ekuhwebeni ngejubane eliphezulu.
I-Guangdong Inkue Technology isiza kanjani izinkampani ukuthi zithole ukusebenza okusheshayo?
I-Guangdong Inkue Technology ihlinzeka ngezinsiza zokuhlala ndawonye ezibeka amaseva ngaphakathi kwezikhungo zedatha zokushintshisana, kanye nokuxhumana okunokubambezeleka okuphansi kusetshenziswa i-fiber, i-uhf ultra high frequency radio, kanye nama-microwave links e-super high frequency. Ingqalasizinda yethu iqashwa njalo futhi ilungiswa ukuze kuncishiswe i-jitter nokubambezeleka kwamaphakethe. Sikhuthaza futhi izindlela zesoftware ukuze ama-oda acutshungulwe ngokunemba kwe-microsecond kunoma iyiphi isu lokuhweba nge-frequency ephezulu.
Ingabe abahwebi abadayisa kancane bangazuza ekuhwebeni nge-frequency ephezulu?
Abahwebi bokudayisa ngokuvamile abakwazi ukuqhudelana ngejubane nezinkampani ze-HFT ezihlelekile, kodwa bangasebenzisa amasu athile afana nokwenza ukuthengiselana ngokushesha, ukuthola idatha engcono, kanye namasu azenzakalelayo. Amathuluzi e-algorithmic kanye nokuhambisa ama-oda ngobuhlakani kungasiza abahwebi bokudayisa banciphise izindleko futhi bathuthukise ukugcwaliswa kwama-oda. Ukuqonda okuvela ocwaningweni lokuhweba ngemvamisa ephezulu kungasiza nasekuphathweni kobungozi nasekuklanyweni kwamasu abahwebi bokudayisa.
Iqhaza elidlalwa ukuthathwa kwedatha ngejubane eliphezulu kakhulu ku-HFT liyini?
Ukuthathwa kwedatha ngejubane eliphezulu kakhulu kusho ukuthwebula nokucubungula idatha yemakethe ngemvamisa ephezulu kakhulu, ngokuvamile izinkulungwane zokubuyekeza ngomzuzwana. Lokhu kuthatha idatha ngokushesha kuqinisekisa ukuthi ama-algorithm asebenza ngaso sonke isikhathi ngesithombe samanje semakethe, okubalulekile ezinqumweni zokuhweba ngemvamisa ephezulu. Imithombo yedatha ethuthukisiwe evela ku-Guangdong Inkue Technology ingaphatha ukubuyekeza ngejubane eliphezulu kakhulu ngaphandle kokubambezeleka.
Ingabe izehlakalo ze-flash ziwusongo olukhulu ezinkampanini ezihweba ngemvamisa ephezulu?
Izehlakalo ze-flash zingaba usongo olukhulu ngoba zihlanganisa ukushintashintashintasha okwedlulele nokunyakaza kwamanani ngokushesha, okungaholela ekulahlekelweni kumasu e-HFT. Nokho, ucwaningo lwakamuva lubonisa ukuthi izinkampani eziningi eziyinkimbinkimbi ezihweba ngemvamisa ephezulu ziyahlehla ngokukhetha futhi zikhuphule amaspredu ngezikhathi ze-flash, zisebenza njengamandla azinzisayo. Ukuphathwa kahle kwezingozi nama-algorithms aguqukayo kusiza izinkampani ukuthi zisinde futhi zithole nenzuzo kulezi zehlakalo.
Uyini umehluko phakathi kokuhweba ngemvamisa ephezulu nokuhweba nge-algorithm?
Ukuhweba ngama-algorithm kusho ukusetshenziswa kwama-algorithm ekhompyutha ukwenza ukuhweba ngokusekelwe emithethweni echazwe ngaphambilini, kanti ukuhweba ngejubane eliphezulu kuyingxenye egcizelela izikhathi zokubamba ezimfushane kakhulu nokwenza ngokushesha okukhulu. Akukho konke ukuhweba ngama-algorithm okuwukuhweba ngejubane eliphezulu, kodwa konke ukuhweba ngejubane eliphezulu kuncike kumasu ama-algorithm. Ukuhweba ngejubane eliphezulu kugxile ngqo ejubaneni lezinga le-microsecond kanye namanani aphezulu ama-oda.
Inkampani kufanele ikhethe kanjani umhlinzeki wobuchwepheshe bokuhweba ngejubane eliphezulu?
Inkampani kufanele ihlole ukusebenza kwe-latency yomhlinzeki, ukwethembeka, ukuphepha, amathuluzi okuthobela imithetho, nokuguquguquka. Kubalulekile futhi ukucabangela ukwesekwa komhlinzeki, intengo, kanye nomlando wokusebenza nezikhungo ezifanayo. I-Guangdong Inkue Technology inikeza inkundla yokuhweba ngejubane eliphezulu ebanzi, enezindleko eziphansi, nokusekelwa okukhethekile, okuyenza ibe ukukhetha okuqinile ezinkampanini ezifuna inzuzo yokuncintisana.
Xhumana nathi
Shiya imininingwane yakho futhi sizokuxhumana nawe.
