Chapter 629 Step by Step Drop

The huge pressure enveloped Hidetomo Hirano's heart, accumulating so much that he could no longer bear it.

Just when everyone gathered their eyes on the electronic disk and guessed the reaction of the electronic disk, Hidetomo Hirano stumbled to the edge of the table and made a gesture in front of his seat.

The newspaperman immediately ran over and sent all the information they had just collected to Hidetomo Hirano.

Hidetomo Hirano took it in his hand and looked at it at a glance.

The content on the paper is simple and comprehensive, which basically includes all the latest confirmed news: the reserve judgment of Aqijiu oilfield, the output judgment of Aqijiu oilfield, the quantity judgment of spot crude oil accumulated by Dahua Industry, and the analysis of crude oil reserves in the Caspian Sea region made earlier by relevant financial research institutions. And the local crude oil production judgment.

When this information is manually priced, it is difficult for traders to see, because transactions are so frequent and dense that they are not allow to read materials except for important matters, while traders involved in electronic disks, that is, "traders", sit behind the computer and read whenever they want.

Therefore, the on-site electronic disk and the artificial disk seem to do the same similar thing, but because of different methods and procedures, it often leads to completely different results.

In some less volatile speculative activities, electronic disks and manual disks may go in the opposite direction.

In speculative activities with greater volatility, the two are more likely to promote each other and produce greater volatility.

Hidetomo Hirano is a golden light in front of his eyes.

It seems that the future tends to be bleak, releasing all the light.

Hirano Hidetomo squeezed the newspaperman's neckline fiercely and said angrily, "Where is the news from the commercial company? Where are the instructions from the merchant company?

"There are no new instructions for the trading company." The newspaperman is usually the first step to become a trader. He is a person who understands the futures market. At this time, this British-Japanese can't help but feel sad.

The superiors are good at shirking responsibility. Under the premise that the situation is irreparable, no one will give new instructions to Hidetomo Hirano.

He was like a commander who was sent to the front line to sniper the enemy. He accidentally found that the number and firepower of the enemy were far more than expected, and the friendly troops also formed a formation to protect themselves and were unwilling to help each other... Nevertheless, he would still be punished for retreating. If he could not complete the task, he

Hidetomo Hirano felt a trace of understanding in his heart, slowly loosened the operator's neckline, and said, "I see, who is operating the electronic disk?"

"Kudo trader."

"Dasuke Kudo is a junior trader, right? What about Hase Trader and Hirota Trader? Although he is also a novice, Hidetomo Hirano was delegated from the headquarters of the consortium. He has the experience and qualification to use high funds. He has been promoted to an intermediate trader and has complete trading authority. Fujie Daijie, a junior trading employee who has been promoted locally, is not so lucky. He has to go through at least three thresholds for delivery workers, trainee traders and junior traders to reach the side of intermediate traders. Moreover, only on the premise that he always shows good performance and stop loss ability, senior traders Only then will he be given a high amount of authorization.

That is to say, Daisuke Fuji, a junior trading employee, is currently not qualified to use funds independently. All his actions must be carried out according to the design of the senior trader.

Sumitomo Trading Co., Ltd. is a super consortium. It has six seats on the London International Petroleum Exchange alone, which is headed by two senior traders. Only they can decide Sumitomo Trading Co., Ltd.'s strategy in the electronic disk.

The newspaperman said uncompressingly, "Haya traders and Hirota traders are both on the phone in their office."

"What's the call at this time..." Hidetomo Hirano gritted his teeth and scolded, knowing that these two guys would not come forward. If it were him, he would probably not have come out now.

"Please work hard." The newspaperman lowered his head and turned around and ran away.

Hidetomo Hirano closed his eyes, took a deep breath, and returned to his battlefield.

The opening of the electronic disk does not mean that the manual disk is closed. By the afternoon, he still has a lot of transactions to do.

A trader rushed up and raised the trading card higher than the head.

Hidetomo Hirano took the slow trading method as usual, but the oil price fell quickly at twice the speed.

In just 10 minutes, oil prices fell below the $17 mark, down $1.22, close to 6.7.

For most traders, even if they don't reach the stop loss line, it's almost fast.

Unlike the crude oil futures market more than 10 years later, the trading frequency of the two major oil exchanges in the mid-1990s is obviously slow, and the trading amount is far less than that of the crude oil exchanges after the mainstreamization of electronic trading. The fluctuation of around $1.50 is even worse. Throughout 1993, the price of crude oil fluctuate It is also rare to exceed $2.

There are also many backgrounds such as the expected OPEC production cuts, the strong recovery of the U.S. economy, and the overhaul of the North Sea oil fields.

If Hidetomo Hirano is an intermediary executive trader, he will wait and see even if he doesn't sell short now.

However, he is not.

He is a self-operated trader who uses the company's own funds to make transactions. If the oil price collapses, the long position accumulated a few days ago, coupled with today's bill, the loss is expected to make the headquarters of the commercial company frightened.

Hidetomo Hirano had no way to go. He couldn't help looking back at the Sumitomo seat on the second floor and gritted his teeth and thought: Since you don't talk, let me continue to buy and see who can't stand it first.

Looking back, Hidetomo Hirano simply accelerated the speed of paying the bill.

With the improvement of his proficiency, the transaction volume in the artificial pool has also increased a lot, and the bald Milton has been squeezed out, and there are traders from all sides waiting to be fed.

As the only active multi-business in the artificial price trading pool, Hidetomo Hirano can be said to be the mainstay. If it hadn't been for his resolute action, the oil price might have slipped down $16. Whether out of self-insurence or a wait-and-see attitude, Sumitomo's two senior traders did not show up. A few days ago, I gambled too much with the Pan-Asian Fund. Although it was Hidetomo Hirano's idea, they all agreed. In the institution that senior traders are responsible for, such as the exchange, oil prices fell sharply in reverse. It was a disaster for Hidetomo Hirano, and so did they were senior traders.

Hidetomo Hirano is willing to jump out to block the thunder. How can the two of them stop it?

However, it is still a little difficult for Sumitomo Trading Company to digest the new news of a daily production of 150,000 barrels of oil field.

What is sold in the futures market are long-term contracts. For example, 9408 is the crude oil delivered in August 1994, 9409 is the crude oil contract delivered in September 1994, and 9410 is the crude oil contract delivered in October 1994. Traders of old crude oil futures know that it has just been found. After two or three months, the output of high-yield oil fields will definitely be greatly increased. Not to mention that the Aziziu oil field is only one of the 11 unprecedented oil fields released by Azerbaijan, and Azerbaijan is one of the unprecedented oil-rich countries in the Caspian Sea.

The resulting association cannot be solved without tens of billions of funds.

Although Sumitomo Trading Co., Ltd. can afford this money, Hidetomo Hirano's authority is only $2 billion.

This is the 2 billion US dollars, which he used without permission, and he has to pull the list after the end.

Counting, with this resistance, his ammunition has also been consumed, and Hidetomo Hirano has to pretend to be unpredictable.

At 11:45, Hidetomo Hirano quietly breathed a sigh of relief, and the transactions in the trading pool were suspended for more than ten seconds.

Then, the 9410 contract on the electronic screen fell by 20 cents.

That's it, which made Sumitomo Trading Company lose 20 million US dollars in books in an instant.

At the same time, $16.68 also reached Enron trader Gretel's stop loss line.

Stop loss is the life of a trader. Financial companies are willing to endure all kinds of eccentricities of stressed traders. Do you fly from Paris to London every week like ikill? Yes, it can be reimbursed according to the transportation expenses. Learn to collect beetles like Rockefeller? No problem, any employee who dares to scream will drive him away. Repairing clocks like Clemes Spangler? OK, the noisy staff wear headphones by themselves.

Only stop loss is a high-voltage line that no financial company allows traders to trample on.

If the level is not enough, you will lose funds at most. If you don't do a stop loss, the result will be the Bank of Bahrain lying dead.

Enron trader Grant took a look at the electronic screen at his waist. After confirming the order, his right hand was flattened, like cutting his throat, and drew twice under his neck.

This means "to close the position".

Grant looked sorry and shook his head at Hidetomo Hirano. He did not sell his contract above the stop loss line, which is already the greatest support. The upper level of the company is unwilling to reduce the stop loss line, so he can only make a decision to close the position.

A second later, Hidetomo Hirano realized that Enron had withdrawn from many parties, and his eyes suddenly turned red.

Enron holds at least a $300 million crude oil contract and sells it in one go, which will be fatal to the market.

The most important thing is that there is no one to take over now. Hidetomo Hirano is almost the only active bull in the market.

Obly, one or two sales traders place orders for customers, and the amount is not enough to swallow hundreds of millions of dollars of contracts.

The curves on the electronic screen, from 9411 to 9408, one after another, especially the 9410 contract, dived directly to 16.12.

Hidetomo Hirano could not allow the oil price to fall by $16. He pinched his nose to take over. In this round of trading, the oil price rose slightly and returned to the price of 16.34.

However, Hidetomo Hirano's funds are about to run out.

Hidetomo Hirano looked up again and looked at the second floor. He hoped that the price of 16.34 per barrel was all the funds needed to digest the Azijiu oil field.

Hidetomo Hirano closed his eyes as if praying.

When I opened it again, I saw Milton, a tall and bald European, with a bald smile.

"That's how Milton the baldness came from." Hidetomo Hirano moaned, but no one could hear him in the noisy trading pool.

......RS