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Free Web Novel,Novel online - All in oicq.net -> Romance -> super energy power Text Chapter 628 There are also electronic disks
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- Hirano Hidechi has never been so nervous in his life.
Not during the most important exam in life, not during the most important interview in life, and not during the most important negotiation in life.
However, when standing in the unfamiliar yet familiar crude oil trading pool, Hirano Hidetomo's face remained normal, but his legs were shaking. If it hadn't been so crowded inside, with people touching each other, he might have collapsed long ago. .
He couldn't help but be nervous. In just a few minutes, he actually threw out more than 400 million US dollars. He didn't know how much he had to throw out to stop the falling pulley.
¡°Other young people who had just started working as traders might have forgotten the value of US$400 million in such a heated atmosphere, but Hideto Hirano would not. He has stayed at Sumitomo Corporation long enough that when he sleeps and dreams, the numbers are not messed up.
Thinking of how much 400 million US dollars he would have to invest in the next short period of time, Hirano Hideto felt his blood rushing to his head.
If US$400 million is used for bank mergers and acquisitions, it is enough to buy 100 small and medium-sized Japanese companies, or 1,000 small and medium-sized enterprises in Southeast Asia. It can buy at least three of the latest fully automatic lithium battery production lines, and put it in the bank for conservative investment. At least you can get The annual investment profit of 40 million U.S. dollarsif it is used for consumption, buying a Caribbean island and filling it with beautiful women will probably not cost half of the 400 million U.S. dollars.
¡°If the bet fails, it¡¯s hard for Hirano Hideto to imagine how the upper management of the trading company will take responsibility, and he might even go to jail. After all, he had not yet received permission to go up to the peak.
Time does not allow him to wait for the results of the report.
Hidetoshi Hirano could see clearly that the traders holding long orders in the crude oil pool did not rush to sell the moment the news appeared because they needed to confirm the news. Furthermore, the traders were waiting for the company to instructions.
From the perspective of trading skills, long traders do not want to rush to sell and cause uncontrollable losses.
However, the result of waiting is not optimistic.
Once the company makes a decision - just look at the news released by Dahua Industrial. Making the decision to sell is the most normal, then traders will definitely sell.
Even some companies will eventually make the opposite decision, such as multi-party giants including Sumitomo Corporation. But during the waiting period, once one or a few traders decide to sell aggressively, causing oil prices to plummet and hitting the traders' stop loss line, there is no need for the company to explain. Traders will also sell at their stops.
Ordinary traders who serve as intermediaries don¡¯t care about the rise and fall of oil prices, but Hideto Hirano does not.
After visiting Dahua Industrial's offshore drilling platform, he started with "Dahua's crew never cleans the dirty deck" and gave a wonderful speech at the regular meeting of Sumitomo Trading Company's Financial Department, which won him New positions. After insisting on going long, Hidetoshi Hirano must not watch the oil price decline in the opposite direction, especially if it falls on the trajectory designed by Dahua Industrial.
The result is no different than losing hundreds of millions of dollars.
The expression on Hideto Hirano¡¯s face is more determined than confident.
Only by using huge amounts of funds to stabilize the current crude oil price can we expect the next changes. 6 million barrels of crude oil spot. It's just over US$100 million. It's not too difficult to maintain market confidence.
Vulture Milton once again sold 5,000 lots of crude oil without any hesitation. He was authorized by Sioux City and had no problem spending US$5 billion.
Hirano Hidechi took it without changing his expression.
Milton sold again, and Hideto Hirano accepted again.
In the small trading pool, every time the two of them trade, they take a step forward.
The other traders moved out of the way. Have both parties face each other directly.
? Another transaction.
The two got closer and closer until noses were touching.
Vulture Milton has been working in the London International Crude Oil Exchange for 20 years. He is an old-school trading intermediary and has encountered this kind of multi-party war more than once.
After a brief confrontation, Milton had an idea and suddenly said in accented English: "You have spent so much money, does your company know?"
Hirano Hidetomo was stunned. Said: "Of course."
"The Japanese company's response is really rapid, which is rare. Another 5,000 lots?"
"No problem." Hirano Hidetomo was already taking the order without thinking. According to the plan, he was supposed to be an intern for one year. Only then did you really enter the trading pool. However, without the authorization of the company, Hidetoshi Hirano could not order the traders representing Sumitomo in the trading pool and had to go into battle naked.
It¡¯s hard to say whether his decision was right or wrong.??His behavior was indeed too raw.
After being given a nod by Milton, Hidetoshi Hirano had not yet woken up, but someone from the traders next to him had already reacted.
Today¡¯s market fluctuations are caused by Dahua Industrial. Milton is employed by Pan-Asia Fund, so it is not surprising that he was authorized in advance. The Sumitomo Corporation where Hideto Hirano works is different. Unless they get inside information, Sumitomo Corporation should not react faster than local financial companies in London.
Japanese companies are notoriously slow, even in financial markets.
Thinking further, if Sumitomo Corporation has obtained internal information in advance, it would be foolish to go long. The best way is undoubtedly to wait for Dahua Industrial to release the news, then quickly go short, and then switch to long. . Unless Sumitomo Corporation knows in advance that the news about Dahua Industrial's Aqijiu Oilfield is false, it will go long in the opposite direction and then expose the news about Dahua Industrial.
Therefore, the key to the problem lies in the authenticity of the news just now.
Several traders who thought about this took the electronic screens around their waists into their hands and pressed the buttons to urge their colleagues upstairs to quickly confirm the news.
From time to time, short-term futures traders who make fake news appear, and most traders become quite cautious.
It sounds slow, but the slow transaction in the trading pool only lasted less than 10 rounds. Hirano Hidetomo spent one billion US dollars, which was still quite far away from his authority.
Accustomed to Milton's trading frequency and familiar with the trading methods in the trading pool, Hidetoshi Hirano relaxed a little. He straightened his tie as if to take a breath. This was supposed to be a day in suits and ties. Hidetoshi Hirano I wasn't ready to be a trader, so I didn't have time to change into suitable clothes.
He didn¡¯t know what he looked like. It also fell into the eyes of other traders and was used as a basis for judgment.
¡°Buzz¡¡±
A trader¡¯s electronic screen vibrated.
Hirano Hideto frowned. He didn¡¯t like this sound, and in a normal trading pool, the hum of the electronic screen would never be heard.
"Another 5,000 hands, do you want it?" Milton's voice covered the buzzing electronic screen.
"Come on." Hirano Hideto showed no sign of weakness.
After a few seconds, the transaction is completed.
"Who else?" Hidetomo Hirano raised the trading card in his hand. He felt that he might be able to hold up the scene.
In futures exchanges, capital is an extremely important factor. In smaller futures markets, such as coffee, soybeans, and peanuts, financial institutions that can use tens of billions of dollars to monopolize the market can already monopolize the market. There are many successful companies that use huge amounts of money to operate against the trend. example.
Even in the larger swimming pool market. There are also examples of huge fund manipulations. JP Morgan¡¯s trader ikill, nicknamed the London Whale, is one of the outstanding ones. In his heyday, his bond derivatives positions were listed separately and ranked seventh in the world. His wildly selling CDX Index exposure reached $100 billion, and the trading desk behind him held a capital position of $360 billion. After Harry Potter became popular, ikill got a new nickname of "Voldemort". It was complained by its peers that it completely distorted the CDX index, so that others could not invest in this product to make a profit.
However, after all, crude oil futures are not a futures market as big as a tea cup, nor a futures market as big as a swimming pool. It is the world's top futures market, which can flood the financial industry at any time.
Those refined crude oil traders. He just looked at Hirano Hidetomo and Milton quietly. On the surface, they were easily influenced and fell into madness, but in fact, their psychological qualities were far beyond ordinary people.
"Buzzing"
Another trader¡¯s electronic screen vibrated.
Hirano Hidechi looked over unconsciously.
"Buzzing."
"Buzzing."
"Buzz buzz" The vibrations in the electronic pool came one after another as if you were chasing after me.
Hirano Hidetomo turned half a circle to the left, half a circle to the right, and then turned his head. But he saw a trading card almost stuck in front of his eyes.
"I'm selling!"
"I'm selling!"
"Sell!"
Most traders only need to glance at the electronic screen at their waist and make a decision in one hundredth of a second.
The news about Dahua Industrial has been confirmed.
In an instant, the crowd in front of Hideto Hirano was filled with traders selling orders, even traders who originally held a small number of long orders. They are also eager to close their positions without hesitation, and some even hope to make profit from speculation.
The crude oil trading pool has finally returned to its former glory.
However, Hidetoshi Hirano missed the calm just now. Even the confrontation before the buzzing sounded was much better than now.
"I accepted it." Hidetoshi Hirano had no time to hesitate and completed the transactions one by one.
He still has hope, and from time to time he looks at traders representing Enron, Soci¨¦t¨¦ G¨¦n¨¦rale and other institutions on the floor.
As bulls who fought against the Pan-Asia Fund some time ago, these companies have all accumulated large amounts of multi-party positions, and it cannot be said that they can turn around.
Oil prices are not falling sharply at present, but Hideto Hirano has stepped forward to support them. If they step forward to close their positions and Hideto Hirano cannot withstand it, the oil price will inevitably plummet, and those long orders that are too late to sell will all turn into losses.
This is also the big difference between manual bidding and electronic bidding. If you stab someone in the back, they will find out immediately, and the limited transaction speed makes holding heavy positions even more dangerous.
Therefore, without instructions on behalf of the company and without reaching the stop-loss line, several traders on all sides hesitated, neither selling nor stabilizing the front like Hideto Hirano.
The news about Dahua Industrial is confirmed, which means that the price of crude oil will inevitably fall.
However, the amount of decline is still different.
¡°The market may digest this news with a 50-cent drop, or it may digest this news with a $2 or more price, no one can say.
For Hideto Hirano, as long as the price of crude oil does not fall by more than 1 US dollar, it doesn't matter if he accepts futures orders of US$2 billion or US$2.5 billion. For large consortiums like Sumitomo Trading Co., they already have the purchasing power. For the business of importing crude oil, delivery is the most important thing.
The loss of US$2 is a bit too much. Unless he holds on until the oil price falls back, whether it is liquidation or delivery, Sumitomo Corporation, which uses 10 times leverage, will immediately lose more than US$1 billion.
"I can hold on." Hidechi Hirano gritted his teeth and made the deal, secretly slowing down.
There are more and more sell orders accumulated in the market, and the prices are getting lower and lower.
Finally, when the oil price dropped by 50 cents, Hideto Hirano was surprised to find that Enron's traders started to move.
"I can't wait any longer." Hirano Hidechi was secretly happy.
Although Enron is not as large as those financial consortiums, it is a representative company of energy finance, and its own strength is not weak. Even without special preparations, it has a lot of standing funds on the London Stock Exchange, which can be regarded as a quite powerful alliance. Army.
Hirano Hideto squeezed two steps to the left, hoping to get closer to Enron's trader Grete, so that he could send some of the sell orders around him to Enron as quickly as possible, which was a small trick to divert the trouble.
Grete is a little Hitler-like man who is very calm in the crowd and arrives in front of Hideto Hirano in a few steps.
However, the Hitler-style shouting that Hideto Hirano expected did not appear in Gretel.
The latter seemed to stand on tiptoes and cast his gaze into the air.
"What is this guy doing?" Hirano Hidechi looked over with anger mixed with curiosity.
In mid-air, a large electronic screen was slowly reading a string of English words - the electronic market is open.
Hirano Hidetomo, who was still making a deal, couldn't help but feel weak and had to reach out to help the person next to him.
In the crude oil futures market in 1994, there were both on-site manual trading and on-site electronic trading. Manual trading used manual bidding for transactions, while electronic trading used electronic systems to match transactions. In essence, the nature of the two is the same. According to the current regulations of the London International Petroleum Exchange, manual trading opens first and electronic trading opens after.
Such a regulation itself actually shows that manual trading and electronic trading are different.
For now, the biggest difference between the two is the transaction speed. By extension, the transaction frequency and price changes will increase.
Manual trading is manual bidding. On the one hand, traders can control the speed. On the other hand, the relatively slow transaction process will slow down the price changes.
Electronic trading is different. As long as the price and quantity are set, the speed of electronic trading is calculated in microseconds. Therefore, there are more companies and people participating, and the price changes are more drastic. Here, from time to time, there will be an own incident caused by a trader entering the wrong number. If it were manual bidding, the Everbright Bank incident would not have occurred, because manual trading cannot be done within a few seconds. After completing so many transactions, people will not be stupid enough to make consecutive wrong transactions.
It can be said that the popularization and development of electronic trading has virtually increased the sensitivity of the futures market to news, making speculation more dramatic.A frost in Brazil will cause the price of coffee to rise, and a snowstorm in California will cause the price of oranges to rise. Behind this change is the acceleration of the speed of information.
In the world Su Cheng is familiar with, electronic disks are the dominant force.
And Hidetoshi Hirano suddenly understood why Su Cheng announced the news at a quarter past ten.
Because at 10:30, the electronic market opens.
The market will regurgitate Dahua Industrial¡¯s news, and this time, traders will chew it in more detail.
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