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- "In the first round, sell 10,000 lots." Tanabe, a senior trader sent from Sumitomo headquarters, glanced at Michio Matsumoto. 10,000 lots of crude oil are worth more than 140 million. Although it is not much compared to Sumitomo's own heavy position, it is still the holding of a large retail investor.
Michio Matsumoto nodded, while focusing on the trading pool and the scene on the electronic screen.
He decided to close the position, but he was still prepared to stop at any time.
Ten thousand lots of crude oil were put into the market and quickly disappeared.
With the existence of the Pan-Asia Fund, the excess crude oil can easily be eaten up.
One minute later, Sumitomo Trading Company continued to sell crude oil.
??While oil prices remain at $14.20, the dynamics are stable.
At this price, the Pan-Asia Fund will earn two or three US dollars for every barrel of crude oil it closes, while Sumitomo Corporation will lose more than US$2.
Watching the position slowly decrease, in the office of Pan Asia Fund, there was nervousness mixed with excitement.
The operation room of Sumitomo Trading Company gradually became silent.
Matsumoto Michio¡¯s head was turning desperately.
Logically speaking, when the Pan-Asia Fund starts to buy crude oil in the trading pool, the price of crude oil will naturally tend to rise.
In fact, as a big short-selling Pan-Asia Fund, the liquidation behavior may completely cause a tsunami-like surge.
However, this requires everyone to make sure that it is really closing the position and not deceiving it. Otherwise, a wrong judgment may lead to a period of difficulty in extricating oneself and heavy losses. A typical example is the Chinese stock market. There are always many people who have learned half-baked stock market techniques, and then their stocks fall when they buy, and they rise when they sell, and are reaped by the bankers one after another.
In the eyes of many traders at the London International Futures Exchange, the Pan-Asia Fund, which has earned at least tens of billions of dollars, is definitely a cunning opponent.
It is not surprising to them that the trick of deceiving fat sheep into the market was performed by Pan Asia Fund.
The presence of Milton the Vulture is also a deterrent. The reason why this guy is called a vulture is because he often eats and wipes them clean, even the corpses.
When this vulture stands in the trading pool and shouts to buy, traders always have to think for a while.
At this time, Michio Matsumoto, the head of the multi-party giant, has two options: take the opportunity to sell crude oil to avoid a more tragic situation, or continue to persist and hope that the rising trend of crude oil will turn into an actual rise, and then escape unscathed.
The procedure of the latter is obviously complicated and the risks are huge. The former is naturally easy and freehand, but it is doomed to the end of Tongpai.
If it were Hideto Hirano, out of his own philosophy and the idea of ??breaking the pot, he might continue to choose to persist and wait. As a result, the situation will probably continue to be stalemate.
But Michio Matsumoto is different. After he took over the financial sector in London, although the price of crude oil fell a bit, it can still be blamed on Hideto Hirano. However, if the time is delayed, the losses after taking office will become his responsibility. Instead of taking huge risks to exonerate Hirano Hidetomo, Matsumoto Michio should give up his plans to make meritorious deeds.
However, it also takes courage to bear losses.
If the position is closed above US$14, Sumitomo will inevitably lose US$4 billion to US$5 billion. Although it is not the largest loss in Sumitomo's history, US$4 billion is comparable to the tens of thousands of employees of Sumitomo Corporation and the total loss created by its 300 billion assets. Profitable year.
Michio Matsumoto observed the scene in the trading pool, still hoping to find a slight flaw.
Everything seems weird and normal.
Traders at Sumitomo sold and traders at Pan Asia Fund bought.
The long and short sides have a tacit understanding like partners. Who would have thought that just a few minutes ago, they were fighting in full swing.
In the office of Pan Asia Fund.
Most of the people were very busy, except Yang Jingshan, a training officer from France, who had nothing to do and no one to care about him.
Feeling the solemn atmosphere, he fidgeted around and finally couldn't help but ask: "This is what should I do now?"
Apart from him, only Su Cheng was idle. He took his eyes away from the electronic screen, rested his eyes, and said with a smile: "We'll see if Sumitomo will close the position or test it. Let's wait."
"Is it better to test or close the position?" Yang Jingshan also kept his mind secret. If Su Cheng says that it is good to test, it means that he still has the confidence to drive the price down. If he says that it is good to close the position, it means that Pan Asia Fund does not have much remaining power.
Su Cheng, however, smiled and said nothing, turning his attention back to the electronic screen.
Yang Jingshan was extremely disappointed. But facing Su Cheng, he really wasn't qualified to ask for a definite answer.
"Electronic trading, there are 2,000 selling orders."?" shouted a junior trader.
"Take it." Qi Xiao followed the procedure without Su Cheng's order.
"Manual trading. Sumitomo sold 10,000 lots." The junior trader on the other side roared again.
This time there was no need for Qi Xiao to say anything, Milton below did the operation himself.
Su Cheng nodded slightly and said, "The sales volume is not small."
A transaction worth hundreds of millions of dollars is not a small deal on any exchange in the world, and it also shows that Sumitomo Corporation really intends to close its position.
He is not the only one who has such thoughts. Sumitomo¡¯s allies such as Ito Trading Company also probably see it.
¡°At this time, the air among the multi-party army composed of multiple organizations was immediately filled with suspicion.
Sumitomo Trading Co.¡¯s move can be seen as a test of Dahua Industrial, or it can also be seen as a capitulation move by Sumitomo.
Like a defeated dog with its belly exposed.
When any kind of interpretation is possible, many parties will naturally fall into the prisoner's dilemma game.
For the gentlemen on all sides, if you hold on together, the losses will definitely be smaller than surrendering directly, but if one side escapes first, the guys who stay behind will have to bear more losses.
If it is an old financial institution that has been in the City of London for many years, it will probably proactively contact other financial institutions.
But Matsumoto Michio is a foreigner, and he has the mentality of being a dead Taoist friend but not a poor Taoist. The trust gap between the two parties can be imagined.
After the third 10,000-lot crude oil transaction, Citibank closed all the positions.
?Then Industrial Bank closed its position.
Unlike Pan Asia Fund and Sumitomo Trading Co., which hold heavy positions, the positions of these institutions are not too large. With leverage, the stock is tens of thousands of lots, and they can really close their positions and leave in a short time.
Of course, they lost only a lot more money than Sumitomo Corporation.
Su Cheng estimates that more than half of the people will never come back after returning to the company.
¡°Obvious losses like this happen every year, but not every financial institution will encounter them. In an era when a loss of tens of millions of dollars is considered a big loss, long parties with a few positions here are estimated to lose up to 100 million dollars.
There are not a few people who take responsibility.
Dahua Industrial silently absorbs long orders and closes its own short orders.
The long-short confrontation has become so dull at this moment. Rather than being a battlefield of killing, it is better to say that it is surrender.
In the bank account of Pan Asia Fund, the 11-digit profit changes rapidly.
By the end of manual trading at 19:30, the entire Dahua Industrial position was reduced to one-third of its original size.
The price of crude oil is even more astonishing, remaining between US$14 and US$14.30.
This also means that Dahua Industrial has earned another US$18 billion after its first round of US$18 billion in profits.
? 36 billion U.S. dollars, just the profits earned by about 70 positions.
The shareholders who had the right to see their accounts were all red-eyed and prepared to stay up late.
There are still several hours left on the electronic disk. If we ask them to sleep now, no one will be able to sleep.
¡(To be continued. Please search Piaotian Literature, the novels will be better and updated faster!) - Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report
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