Chapter 625 Trading Pool

In Europe and the United States, the concept of the central bank is very clear. The exclusive privilege of currency issuance, the formulation of financial policies, the establishment of inter-bank clearing institutions, etc. are all the leading work in the financial field. What is known as the "issued bank, the bank of the bank, the government" is the central bank.

The Bank of England in the City of London is a typical and original central bank, and its main difference from the Central Bank of China is that it is a private bank, and the other is that it does not do what commercial banks do.

But in terms of the most important financial attributes, the Bank of England and the Bank of China are consistent. Although China's foreign exchange reserves in 1994 were not large, after all, it has the privilege of issuing trillions of banknotes every year. It is the central bank of a real big country, and anyone can imagine tons of political and economic assistance.

So, when Su Cheng took the manager of the foreign exchange department of the Central Bank of China and introduced him to the contact of the National Bank of China and Dahua Industry, a group of foreigners who did not know the truth changed their eyes to shock and envy.

After a while, the expressions of the foreigners slowly became natural.

In the eyes of Europeans who do not know the inside story, it seems normal for Far Eastern enterprises to attract attention in the world financial center to receive the support of the Central Bank of Far Eastern countries.

In the eyes of Europeans who know a little about the inside story, it seems normal for the Central Bank of China, which is still engaged in commercial business, to become the main bank of Chinese enterprises.

As for those Europeans who know China very well... may exist in a corner of the world, but will never appear in the futures trading hall of the City of London.

After just a few seconds, the greeting of Su Cheng suddenly became enthusiastic.

"Su Dong, there are still seats left in our ifc. If you want to use it, just let me know."

"Su Dong, the price of coffee has also risen a lot. This year is a good time to invest in coffee, with a profit of more than ten times. Please pay attention when you are free."

"Su Dong, we are a Lewis Financial Loan Company with strong funds and undertake guaranteed loans and credit loans..."

Tian Dongliang also woke up from the muddle. He grabbed Su Cheng in surprise and asked, "Su Dong, what are you doing?"

"Introduce you to the gentlemen of the City of London, come on, say hello." Su Cheng waved his hand forward.

Tian Dongliang waved his hand foolishly, attracting a friendly smile in front of him, which looked like a blooming human flower field.

After putting his hand down, Tian Dongliang woke up from his cute state and said in shock and angrily, "Sousong, you are too unorthodox. If you want China to know this, you have to peel off my skin. No, no, I have to introduce it.

Su Cheng patted him gently on the shoulder and said with a smile, "Are you the manager of the Foreign Exchange Department of the Bank of China? You are also our contact at the Bank of China, aren't you? Or is Dahua Industry not a customer of the Bank of China?

"You're talking about the central bank." Tian Dongliang was a newcomer and was deceived by Su Cheng. It's not that he didn't have enough IQ, so he grabbed the key at once.

Su Cheng said indifferently, "The Bank of China is both a business and a central bank. This is determined by its own business model, not by me. If you want to explain it to everyone, then explain it."

Just kidding, if the Bank of China does not become a commercial bank itself, Dahua Industry has no possibility to be a customer. Even foreigners know this point.

However, even if it is exactly the same, it will be said by different people at different times in different occasions, and the effect will be different.

If Dahua Industry is just a weak manufacturing company or a powerful pure manufacturing company, no one will regard the central bank as its main bank. However, Dahua Industry is an energy company and a well-known and powerful energy company, which is different.

In more than 200 countries and regions around the world, there are not many countries that can have a pure central bank like the Bank of England, the total is far less than 100, and there are no countries that do not support large domestic energy enterprises.

Even so, the number of large energy enterprises without state support is rare.

Further, if a large energy enterprise can become bigger and stronger without state support, it will naturally be recruited by the national government. Halliburton is an example. With assets of hundreds of billions of dollars, American companies with branches in more than 180 countries around the world have voluntarily applied to relocate their headquarters to Dubai. Obviously, expensive taxes and public relations costs are still much more than it takes to bribe Arab chiefs.

Tian Dongliang's English is not bad, and he can win English awards in the banking system. However, standing in the lobby of the London International Petroleum Exchange, Tian Dongliang is speechless.

Forget it, just think you don't know what's going on.

Tian Dongliang bowed his head and made an ostrich. Now he also understands that Su Cheng delayed the withdrawal of money for more than half a month, which was the sealing fee for him.

Su Cheng was so happy, as if showing off. He walked around the Tian Dongliang, and finally stopped by the trading pool.

This is also the whole exchange, the most core and busiest place.

In the trading pool around the round column, dozens of traders shouted loudly while stretching out their fingers to compare various shapes, or five fingers open the palms outward, or the palms hit their faces inward, or thumb down, or thumb up, or clench your fists, or pinch your fingertips...

There are two people sitting on the high platform next to the trading pool. They are similar to hosts, monitoring the market and confirming transactions.

Traders have electronic displays around their waists, from which they can receive all kinds of on-site or off-site instructions, from which traders complete command transactions through gestures and shouts.

Generally speaking, it only takes a few seconds for a transaction to be completed and confirmed, which is slower than electronic transactions, but also much faster than people think.

The traders in the market are all masters and apprentices. They are craftsmen brought out from generation to generation. They pay great attention to integrity. If someone breaks the contract, they can no longer find anyone who is willing to trade with him, and the result can only be eliminated.

Tian Dongliang suddenly stopped and couldn't help saying in Chinese, "Is this the public price of the London Stock Exchange?"

"Yes, have you seen it before?"

"There are also in China, and there are also in China." Tian Dongliang repeated it twice and stared down, as if he was afraid of disturbing them. He whispered, "The Suzhou exchanges, Zhengzhou, and Shanghai metal futures exchanges all bid manually, but they are not so lively, not so...professional."

"Calling for the price in English and shouting for the price in Chinese, it feels different, right?" Su Cheng was also surprised when he came for the first time.

Even after 20 years, the manual bidding method still exists in major exchanges around the world, especially in financial news. Whenever the stock price changes and the crude oil price changes, a group of shouting traders will always be released on the TV screen as the background. For people who don't know why, It's childish and ridiculous.

However, it is in such a trading pool of more than 100 square meters that a group of childish and ridiculous traders shouting and shouting like children affects the cost of living of most people in the world. Food prices, feed prices, coffee prices, coal prices, steel prices, non-ferrous metal prices, and commodity prices around the world are basically found in futures exchanges.

In the 21st century, even if you live in the mountains, you are not immune to the influence of the futures market. The first thing to consider is the price of grain. Whether it is rice, wheat or soybean peanuts, their prices are found in futures trading. All condiments have also been made into financial derivatives, not to mention bulk fertilizers and feed, agricultural tools, cotton and wool textiles used to make clothing, and wood for building houses. This is not the case with groove steel and screws. Even locally produced cement and bricks are actually affected by the energy cost in production and the energy cost in transportation, and their conduction speed is often beyond people's imagination.

In Tian Dongliang's eyes, he witnessed the operation of the world economic bearing and had his own understanding.

He quickly fell into memories and said with a smile, "The first time I saw a manual bid was when I was at school, I watched the video. Internal video, I remember Nasdaq in New York, the United States. At that time, I didn't understand. Everyone laughed and said everything. Later, I visited several domestic exchanges and suddenly noticed the difference. Now I feel deeper on the scene.

Tian Dongliang has studied finance all his life. At this time, he was completely infected and couldn't help saying, "Look at the electronic screen overhead. It is the trader who first reached an agreement on the transaction price and transaction volume, and then typed the data into the electronic system, and then displayed it on the screen all over the world. I didn' It's good to form.

Su Cheng changed from a tour guide to a tour guide, and naturally turned back. He pointed forward and said, "Milton, the tall and bald one is our trader. Since two months ago, he has been trading for us."

"Dahua Industry bought a seat?" To enter the trading pool to trade, you first need a seat.

"The Pan-Asian Fund rented one." Su Cheng made a small correction.

"How much is it?" As soon as he said, Tian Dongliang said with a little embarrassment, "Professional habits, you don't have to worry about me."

"This is not confidential. The rent is about $10,000 a month."

Tian Dongliang was surprised and said, "It seems to be quite cheap. It costs 10,000 to 20,000 yuan to rent a seat in China. What about buying one?

"The crude oil seat is more expensive, more than 2 million US dollars. Coffee futures are also very popular now. It is said that Brazil's coffee production has been reduced, and the seat is about $300,000, but the rent is only $1,000 a month. Metal and sugar are cheaper, about $150,000. What about China? Suchong is also a casually asked price. The Pan-Asian Fund does not need to stay on the exchange for a long time. It is more convenient to rent a seat than to buy a seat.

Tian Dongliang works in the Bank of China. He deals with industry insiders every day. He casually said, "The seats on the domestic futures exchange cannot be bought and sold. You can only apply for it. The fee is about 600,000 yuan. Individuals can't. It must be a futures company or a large spot dealer Copper futures are very popular in the year. The price of copper has risen from more than 20,000 to more than 30,000, and the price of seats seems to have reached more than 10 million yuan.

"The price of copper." Su Cheng touched his forehead. He had no idea of this kind of information at all. If he predicted the news, the price would rise by 50, at least ten times the profit. For businessmen with relatively small plates, it was not too much to reach the sky in one step.

However, at the scale of Dahua Industry, that is, a small number of trading pools such as crude oil can accommodate it.

Tian Dongliang quickly focused his eyes on the bald and tall Milton.

There is a group of traders around this guy. His hands are flying in the air, from left to right, and from right to left to respond to other traders. Whenever he hesitates, he will quickly skip and trade with another trader first.

That action reminded Tian Dongliang of a one-to-many chess game - the master parades in the field. Every time he goes to a chessboard, he will play chess without thinking, and on the other side of the chessboard, there is another meditative chess player doing the background.

"Is he constantly selling short?" Tian Dongliang understood the movement of his hand.

Su Cheng nodded and said, "The money we prepared is used here."

"This guy looks like a whale. There are at least 20 people opposite him. That's dozens of companies?"

"There are still customers behind the company." Su Cheng nodded again.

Tian Dongliang took a deep breath: "You are doing the right thing with half of the market."

"You already knew it, didn't you?" Su Cheng smiled and said, "However, you can still see it clearly in the manual bidding market, right? There are more than 20 traders opposite a trader, and more than 20 traders are playing soy sauce, and the support rate of both sides is immediately shown."

Tian Dongliang looked blankly at the crowd in the trading pool. Milton was as energetic as a baldale. He kept selling crude oil. In August, September and October, people couldn't see the point. Just by focusing for five minutes, he would feel lack of energy. It was difficult for Tian Dongliang to imagine what these traders were. I have persisted over the years.

He turned his head and happened to see Su Cheng's focused eyes. He couldn't help asking, "Why did you bring me here?"

"China must also want to know more about this information. I originally wanted to write a report by myself, but I happened to meet Manager Tian. With your academic background and work background, it seems to be more appropriate than me." Su Cheng rubbed his chin and said with a smile, "I won't ask you to check your report, and I don't ask you to write anything, as long as it includes our work in London."

After a moment, Su Cheng looked at Tian Dongliang's eyes and said, "If there is no accident, not only the ministry level, but also the State Council will be interested in this kind of news. How about it? If you want, I will send someone to accompany you on the inspection.

"How can I write it?"

"As long as the facts are, you can write them as much as you want." Su Cheng has no intention to change his nationality, and his company will not change its nationality. As a Chinese and a Chinese company, the biggest change is that the law is not perfect, and the best dividend is also an imperfect law. Insider trading in the international futures market has absolutely nothing to do with the law of Dahua Industry, while foreign courts If you want to sue, it is a matter of ultra-low success rate.

Tian Dongliang was heart-pounding.

......(To be continued.) RT