After the Divorce, I Found a Thousand Bitcoins - Chapter 29

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This chapter was translated by Lunox Team. To support us and help keep this series going, visit our website: LunoxScans.com
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I Got Divorced and Found a Thousand Bitcoins Episode 029

Richard Blake smiled as he read the documents in his hand.

‘Are they finally making a move?’

The documents contained KH Capital’s request to begin trading in India.

It was their first movement in practically two months since the NextMove trade.

‘I suppose they were catching their breath while finding a new target. But India? I didn’t expect this.’

India was an attractive market.

The scale itself was large, and individual investors were also aggressive in nature, making liquidity tremendously high.

‘You could say the Indian market is closer to cryptocurrency markets than general stock markets. That’s why systematic trading is more established there.’

If one entered without knowing these aspects, they could come out having suffered greatly.

Of course, Richard thought Choi Kang-hyeon would be aware of these aspects.

‘Given what he’s shown so far, he probably knows enough. I wonder what kind of performance he’ll show this time?’

The man who had entered JP Morgan’s radar with just two trades – he was already curious what kind of trade this man would create this time.

* * *

While the request sent to JP Morgan was being approved, Kang Hyeon gathered his employees for a meeting.

“We’ve currently sent a request to JP Morgan to begin trading in the Indian market. As soon as that’s approved, we plan to start trading in the Indian market.”

There was slight murmuring among the employees.

But the murmuring didn’t last long.

They already knew through two trades that Kang Hyeon’s investment style was unique.

Moreover, since Kang Hyeon had even acquired a construction company, it wouldn’t be strange for him to trade in the Indian market.

“The time difference itself is only 3 hours and 30 minutes unlike the United States, but work hours will be extended accordingly. Please adjust your schedules with that in mind.”

“Understood.”

“And while I’ll oversee this trade, Manager Lim Kwang-ho will take actual command.”

Knowing that the Indian market was the center of systematic trading, all employees nodded.

Then Seong-won, who had become curious, asked.

“Could we know what stocks or direction you’re considering for this trade?”

“The stock is the Nifty Bank Index composed of India’s large-cap stocks and products based on that as underlying assets. And the direction is…”

Everyone’s attention focused.

“None.”

Everyone except Kwangho was surprised.

Since they were all in the financial industry, they immediately grasped what those words meant.

‘Having no direction means either going in the same direction as the market.’

‘Or it means fighting against the market.’

‘Fighting the market doesn’t make sense, but… if it’s the CEO, he might do that.’

Something that normally couldn’t happen.

But since Kang Hyeon had shown judgment and bold decision-making close to miraculous until now, they thought perhaps he could beat the market.

“Well then, everyone, let’s prepare for battle.”

An atmosphere of war hung over KH Capital’s office.

* * *

Preparations were completed quickly.

“Contracts with local brokers connected by JP Morgan and Morgan Stanley have been finalized.”

There were two ways to enter the Indian stock market.

One was to establish a branch in India and invest by contracting directly with local brokers there.

The other was to invest by contracting with local brokers connected to prime brokers.

Since establishing a local branch would require considerable time, Kang Hyeon went with the second method.

‘It’s a bit disappointing that Goldman Sachs didn’t approve.’

The prime broker contract with Goldman Sachs was also finalized.

However, the request to begin trading in the Indian market was rejected.

JP Morgan and Morgan Stanley approved quickly because there was previous trading history, but Goldman Sachs was different.

Trading with them had occurred after NextMove, so there was no track record yet.

So they were rejected.

‘Well, it’s their loss.’

He wouldn’t lose anything.

Two companies were enough to hide his intentions.

“Let’s transfer funds and finish preparations.”

“Yes.”

Live ammunition was loaded into the created accounts.

And the trading room was filled with charts of products being traded in the Indian market.

‘I ended up handling all the Indian market trading.’

Domestic institutions hardly traded in the Indian market.

It was such a volatile market, and there were many markets where money could be made stably.

If it weren’t for Dongbang Partners, Kang Hyeon wouldn’t have traded there either.

“All preparations complete.”

Preparations were finished.

“Ha-ryul, please search for real-time information from India and report major information directly to me. So-yeon, please prepare additional transfers immediately if funds run short.”

“Yes.”

“Understood!”

“Seong-won, please support Manager Lim.”

“Yes!”

After assigning each person’s position.

“Manager Lim?”

“Ready!”

After confirming the intentions of Kwangho, who was the main player in this trade.

“Let’s begin.”

* * *

Dongbang Partners India Branch Trading Room.

Ju Myeong-heo was directing stable trading today as well.

“30 minutes before market close.”

“Volatility?”

“All dead.”

“Good, let’s start.”

Trading again after two days.

The method was the same.

Take 0DTE positions, which are ultra-short-term option positions expiring today.

“Option positions entered.”

“Proceed with futures.”

Take futures positions to stimulate the bot algorithms that adjust spot prices.

This would make the bots automatically adjust spot prices.

It seemed illegal, but this was trading that walked the borderline.

After all, there was justification that their trading was for hedging purposes.

Prices just followed accordingly.

‘If the market didn’t want this to happen, they shouldn’t have left the spot market alone.’

Ju Myeong-heo shifted responsibility to the Indian government while carrying out what he had to do.

However, today didn’t go as usual.

“Huh?”

A single cry that broke the peace.

And soon a warning message appeared on the monitor.

“Volatility has occurred in the spot market!”

“What? What do you mean?”

“Someone is buying HDFC Bank!”

“What’s the volume?”

“Around ten million dollars. They’re building buy walls and bots are driving up the price.”

“Market close?”

“One minute left!”

Large buy orders coming in one minute before close?

It was clearly abnormal.

But now wasn’t the time to find the cause.

HDFC Bank, even if it was just one stock.

‘They’re targeting the stock with the largest weighting!’

It was enough to move the index.

“Sell on the spot side to adjust the price!”

“Yes!”

Dongbang Partners also had funds positioned on the spot side.

It was in preparation for contingencies like this.

The problem was that time was running short.

The bots reacted quickly to the sudden buying pressure and the price shot up instantly.

To readjust the price would require time.

But time was not on Dongbang Partners’ side.

“Ten seconds until market close!”

The countdown began.

“Five seconds!”

Eyes remained glued to the chart.

The price was coming down, but it was still too far away.

“One second! Market closed!”

“Options… condition achievement failed.”

The options became worthless paper.

* * *

At the same time.

“Market closed.”

At Seong-won’s words, Kang Hyeon’s gaze turned to Kwangho.

Kwangho, who had been watching the monitor, turned his head to look at Kang Hyeon.

“We achieved the 0DTE option conditions. Profit is two million dollars.”

Two million dollars.

It was an appropriate amount for a start.

More than anything, today’s trade was to confirm the strategy they had established.

The fact that they succeeded was more important than the profit.

“Everyone did great work.”

One attack.

For now, this was enough.

* * *

Ju Myeong-heo called an emergency meeting.

“Who were the guys that bought HDFC Bank?”

“We’ve confirmed that orders came from Indus and Arjun.”

“Indus and Arjun?”

Both were local brokers.

In other words, they were foreigners.

“Did you check with them?”

“We checked with our informant at Indus. They said the trade came through JP Morgan.”

“Not a direct contract?”

This meant one thing.

It wasn’t a foreigner who established a local branch, but orders placed from abroad.

“What about Arjun?”

“We haven’t been able to confirm that yet.”

The bribes must have been too small.

Still unable to get information.

“Should we slip them a bit more?”

“Forget it. If they placed the same orders at the same time, they’re the same person. No need to waste money.”

“Yes…”

What mattered was their intention.

‘Did they simply buy stocks, or were they targeting us…’

That needed to be clarified.

But whether it was the former or latter didn’t matter.

‘The market is on our side anyway. How much time have we spent creating patterns!’

Ju Myeong-heo believed.

That the market would side with them, and that the time they invested was never in vain.

“Tomorrow’s trading proceeds normally. Think of it as making up all of today’s losses tomorrow!”

“Yes!”

The urgency of keeping to schedule was pushing Ju Myeong-heo from behind.

* * *

The next day.

A strange tension filled the Dongbang Partners Trading Room.

In this completely different tension from usual, no one spoke and concentrated on trading.

However.

“Market closed.”

“Results?!”

“…Failed.”

“Damn it!!”

Bang!

Ju Myeong-heo couldn’t contain his anger and slammed the table.

The traders jumped in surprise and looked back, but quickly turned their heads away.

There was their boss with his face twisted like a demon.

‘If we catch his eye for no reason, we’re done for.’

‘Damn… It’s not even our fault.’

From the traders’ perspective, it was unfair.

They had proceeded with trading according to their usual strategy.

But the result was defeat, though the losses were minimal compared to their usual profits.

There was no reason to be so cautious.

Yet they were being cautious because the traders also knew about Headquarters’ situation.

‘They blew all the profits we earned in strange places.’

‘The backlash is coming to us.’

‘Sigh… Isn’t this dangerous?’

Seeds of anxiety were sprouting in the traders’ hearts.

* * *

Individual traders in the Indian stock market exchanged various information through Telegram.

And recently, one piece of information was being shared intensively.

-Did you hear? The Nifty Bank Index pattern changed?

-Nifty Bank Index? Isn’t that where the Chinese guys play?

-Right. But according to inside stories, they recently took losses.

-They’ve been organizing patterns for years to trade. Suddenly losses?

-A third player must have gotten involved.

-Plus, the Chinese guys have been increasing their trading frequency recently, which has also increased the risk.

-Why are they suddenly increasing the frequency?

-Who knows. Maybe they invested in NextMove or something?

-Hahaha that makes sense then.

-Anyway, we need to keep an eye on the Nifty Bank Index. Something’s about to explode there.

Upon receiving this news, the mind of Indian individual trader Vikram Singh began spinning rapidly.

“The Nifty Bank Index, which was China’s playground, got hit? Then that means the patterns in the linked options and futures have changed too.”

The Chinese institutions’ goal was ultimately a structure that used the index to generate profits from options.

“If this has been broken, doesn’t that mean an opportunity has emerged?”

Vikram Singh, who had formulated a plan, created a channel on Telegram.

And he promoted that channel in the original channel he was already in.

-Anyone who wants to share Nifty Bank Index information, come in. (link)

In the India Market that had been quietly operating under the control of foreign institutions.

[Ding-!]

[Ding-!]

[Ding-!]

A small storm was about to arise.

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This chapter was translated by Lunox Team. To support us and help keep this series going, visit our website: LunoxScans.com
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