Chapter 630 Appetizer

The biggest difference between futures trading and China's stock market and the ordinary commodity market is that it can sell short.

The so-called empty is "on credit". I don't have anything in my hand, but I want to participate in the transaction, so I borrow money to buy and borrow things to sell.

In crude oil futures, short selling is to sell crude oil, so it borrows crude oil to sell. Whether the short seller himself has crude oil or not does not affect it, and no one cares.

However, when the contract expires, you have to pay back what you borrow.

If the crude oil is sold out, the crude oil will be returned.

For financial companies, as long as they buy crude oil before the contract expires, they can close the position and earn and lose the difference between buying and selling.

And the financial operations departments of industrial producers such as oil companies can also allow the company's crude oil to be transported to the delivery depot, which is a real sale.

Because futures have this characteristic, traders like Milton the Vulture do not have to care about how much crude oil Dahua Industrial or Pan-Asian Fund has. As long as he has funds, he can keep selling short.

In the competition for funds, because Hidetomo Hirano has never waited for the allies and is facing the siege of many institutions, he is already overstretched.

Milton, who waited for the opportunity, threw out 10,000 hands of crude oil in one go.

10 million barrels of spot crude oil, if loaded, requires five largest 300,000-ton tankers, and it is even difficult to berth normally in most ports in the world.

However, the futures market only needs one document to complete the transaction, and its trading price has reached $160 million, using 10 times leverage. It also costs $16 million, as for a higher leverage factor. With Hidetomo Hirano's current state, he dares not do it. The senior traders who silently look at this matter will not allow him to really increase his leverage.

Hidetomo Hirano has a splitting headache and doesn't know what to do.

The $2 billion on hand is almost spent, which is also his maximum amount.

Give up now. Sumitomo Trading Co.,., which is so powerful as doing more, will lose hundreds of millions of dollars. If the market reacts badly, it is not surprising to lose $1 billion.

"I want it." Just as Hidetomo Hirano was about to close his eyes and die, a trader suddenly made a sound to save him.

Milton was a little surprised, but he still traded according to the rules.

Hidetomo Hirano twisted his body and got out of the trading pool.

The newspaperman waited there early and lay in his ear and shouted, "Ito Trading Company has decided to join."

"Is the trader just now from Ito Trading Company?"

"Yes, the executive trader of Ito Trading Company." An executive trader is a trader who is an intermediary. Execute the transaction requirements of one or more customers. After receiving the order from the customer, the execution trader completes the transaction in the trading pool. After the transaction order is confirmed by the customer, the process is over.

Such a trader doesn't care who owns and executes whose orders. Even if it's someone's trader.

Hidetomo Hirano was determined, but he couldn't help slandering: Did these guys decide to enter the market after seeing that the price of crude oil was very low? In this way, we take all the risks. What a selfish guy. If Dahua Industry closes its position now, they may be able to make some money with it.

In the past year. Crude oil prices rarely fluctuate by $2, so in the subconscious of many traders, $2 is definitely a signal to enter the market.

If the fundamentals of crude oil do not change, this idea is not too outrageous. After all, pan-Asian funds always have time to make a profit.

Having said that, Hidetomo Hirano is still very grateful to Ito Trading Company for its action. The market is a very strange creature. Before things really happen, the so-called prediction will always make mistakes, and whenever this happens and there is no sufficient prevention, the result is often devastating, in case the price of crude oil If it falls by one or two dollars, the guarantee of Sumitomo Commercial Bank will not be enough, and the tight string may be broken at any time.

"Do you know how much money they have prepared?"

"I don't know. Let Mr. Shigeru Nishioka talk to you." The newspaperman roared and gave up his position.

Shigeru Nishioka's happy face appeared: "Mr. Hirano, we have been authorized by the senior management of the trading company to fight side by side with Sumitomo trading company."

"How much money do you have?" Hidetomo Hirano almost roared close to his ear. At the same time, he also read in his heart: I didn't get the authorization of the senior management of Sumitomo Trading Company, and I guess my shoulder can only touch your thighs."

Shigeru Nishioka said in a magnificent voice, "The funds are enough to reshape Hirano's glory."

That's almost the same as the one currently used by Sumitomo Trading Company.

"That's great." Hidetomo Hirano smiled, and there are another 2 billion US dollars. Whether it is using 20 times leverage or 10 times leverage, maybe he can really hold on. With the decline of oil prices, the market has gradually digested the impact of bad news. Once other companies change their hands to make a profit, they will be rescued.

Shigeru Nishioka then asked, "How much authorization do you have left?"

Hidetoshi Hirano said: I don't even have a $100 million authorization.

He did not answer immediately, but Shigeru Nishioka continued loudly: "Your Excellency Itosai said that Ito Trading Company will help Sumitomo Trading Company achieve the final victory. Please continue to work hard..."

Even in the chaotic environment, Hidetomo Hirano heard the meaning that Ito Trading Company would not charge in front of him.

"Thank you, Mr. Itosai." In order to avoid showing a disappointed expression, Hidetomo Hirano returned to the trading pool.

Shigeru Nishioka smiled and went back.

This is his task. He told Hidetomo Hirano that if Sumitomo Commercial Bank wants to take advantage of the fisherman, it is impossible. Ito Trading Company will only help, but will not take the lead.

A minute later, Hidetomo Hirano got to the edge of the trading pool again, called the newspaperman, and said harshly, "Tell the people above that if you don't give me more authorization, Ito Trading Company will stop doing long, and the consequences will be borne by them."

The informant was scared and asked, "Who did I tell?"

"No matter who it is. Tell the guy in the office to find a senior trader. I've done everything I can. If they don't show up, everyone will wait to die. Financial markets are always result-oriented, such as Hidetomo Hirano. If it eventually causes a loss, he will definitely bear the title of a hooligan trader, but if the final result is profitable, there may be a reputation of genius or boldness and carefulness.

Time is expensive. The newspaperman had no choice but to return to his seat and told Hidetomo Hirano's request.

The representative on the seat naturally did not dare to make a decision and called back.

During this period, Hidetomo Hirano naturally couldn't come up with funds. He relied on Ito Trading Co., Ltd. to barely maintain the oil price above $16.

However, Hidetomo Hirano looked at the trader's embarrassment. It is also known that the situation is not optimistic. If Sumitomo Trading Company does not take action again, Ito Trading Company will never wait for its 2 billion US dollars to be exhausted.

The senior traders upstairs should also be in a dilemma.

Choose one of the violations and huge losses? For any trader, this is the scene he doesn't want to dream of, which can definitely wake people up from the cracks of two beautiful women.

Soon, the seat representative ended the call. He ran over directly, called Hidetomo Hirano, and said, "I didn't find two senior traders."

This is different from Hirano Hidetomo's script. He frowned and said, "These two guys. Would you rather lose all the company's capital than come forward?

"I didn't receive any instructions." The seat representative shouted word for word in Japanese: "Mr. Hirano. I can only rely on you now.

"I don't have the funds. It's useless."

"You still haven't run out of funds."

"How come, I've calculated it several times..." Hidetomo Hirano suddenly stopped.

The seat representative showed an expression you know and bowed and said, "Please continue to work hard. We will listen to your orders before we find a senior trader."

Hidetomo Hirano was stunned. He was still a little too inexperienced. In such a simple contradictory scene, the two senior traders would not enter the urn. They silently improved Hidetomo Hirano's financial authority and made the hardcore cronies below deny his existence. Therefore, Hidetomo Hirano once again became a puppet at the front desk

Moreover, it is more dangerous for him to continue to do it.

Although the funds have been raised by an unknown senior trader, the headquarters has not admitted that in Japanese enterprises, Hirano Hidetomo is absolutely not allowed to use money like this.

The nightmare fell on Hidetomo Hirano again.

"Are these guys going to take me overseas?" The competition of Japanese commercial companies is extremely cruel. If there is an oversight, it will be transferred to other places or branches below. Dahua Industry has also learned this consortium-style organizational method, which has a remarkable effect. Although employees are rarely fired, and even reduce basic salaries and insurance premiums, for employees who have finally entered large enterprises, there are several people who are willing to spend their lives in the dark small rooms of foreign branches.

Getning a salary is only to meet people's own survival needs. As a member of society, people also have the need to realize their self-worth. They will not be willing to give up the future unless they have to.

This is especially true for a good young man like Hidetomo Hirano.

"Do you want to continue?" The trader of Ito Trading Company received new instructions. While busy trading, he squeezed to Hidetomo Hirano and roared.

Like Hidetomo Hirano's previous strategy, he also wants to divert the traders around him.

Hidetomo Hirano smiled bitterly, abandoned the idea of retreat, and raised his hand.

A few seconds later, a $50 million contract was finalized, and more than ten seconds later, the office made a confirmation.

The amount of funds has indeed been raised.

Hidetomo Hirano doesn't know whether to be happy or not. His goal has been achieved, but the process of achieving it makes him feel sad. The superior who has no responsibility makes you want to scold.

The oil price continued to stabilize between $16 and $16.5, but in order to find this price, the entire London International Crude Oil Exchange completed trading lot, which is almost the usual number for a week.

Tian Dongliang was dizzy by hundreds of millions of dollars of transactions. It was not until the price gradually stabilized that he asked repeatedly, "Did Dahua make money?"

Liu Yi smiled that his nose was not his nose, and his eyes were not his eyes. He said, "Of course I made money."

"It's less than an hour. Have you made a lot of money?" Tian Dongliang did not know the share distribution of Pan-Asia Fund or the establishment of positions in the early stage. Even so, he thought to himself that as long as Dahua Industry has more than 10% of the shares, he is afraid that it will make more than 1 billion US dollars. With the enthusiasm of Dahua Industry, the shares may be more than 10%.

Liu Yi smiled more happily. He raised his chin and said, "It's impossible for an hour. Keep watching. There's still a good show."

"And? Why don't you quit?" Tian Dongliang felt incredible. He thought about it and said in surprise, "Do you want to do more backhand?"

If you can quietly close the position and then go long, then with the weakening of the short force and the strengthening of the multi-party power, the backhand long is to make a lot of money.

However, with the plate of the Pan Asia Fund, the backhand is too difficult, and Liu Yi said carelessly, "Su Dong has prepared more than that, and the main course has not been served yet."

He is willing to reveal the news to Tian Dongliang, which also requires him to roughly complete the whole process, so as to write a complete report. For Su Cheng, Tian Dongliang is a political insurance he bought, and it is a low-cost, high compensation and dividend value-added type.

... (To be continued. If you like this work, you are welcome to vote for recommendation and monthly tickets. Your support is my greatest motivation. Mobile phone users, please go to m. Reading.) RT