Rebirth Strongest Tycoon

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Just as the trader while speaking, with the automatic trading of the system, the funds in the Sumitomo Corporation’s account flowed away like water and replaced it with a one-hand LME nickel futures contract.

With the development of technology and the application of computer systems, automatic trading was possible in United States in 1975, of course, in the stock market at first.

However, after more than 5 years of development and dissemination, automated trading is no longer limited to the United States or the stock market. The London metal stock exchange has also been transformed.

“Manager, our spare funds are exhausted and our warehouse is full!”

In the blink of an eye, the funds in the Sumitomo Trading Company’s account were exhausted, and the position was directly filled. The trader once again shouted to the manager Yoshida Hyuga, who was approaching hurriedly. He seemed a little anxious and his voice trembled.

The long selling of the LME nickel futures trading team at Sumitomo Trading Co., Ltd. is very determined and confident in its own strength. Therefore, the account has not set the upper limit of the acquisition stop, so the acquisition has not been until the capital is consumed.

But who knows, the USD 200000000 in the account was emptied all at once.

It is not surprising that the total value of 10000 LME nickel futures contracts exceeds 500 million USD. In addition to the 2 1000 contracts traded at the purchase price of Sumitomo Corporation, other small long accounts have also been filled.

But even so, there is still a large short order waiting for automatic trading after long positions are opened.

It’s just that such a large short order suddenly appeared. Under the premise of not knowing the situation, no bulls dared to take the initiative, causing the price of LME nickel futures to stagnate at 8925 USD a ton for a while.

However, under normal circumstances, if the bulls do not rush to sell, then today’s LME nickel futures price avalanche is inevitable.

At this time, Yoshida Hyuga, Manager of the LME Nickel Futures Team, walked over with 3 steps and 2 steps. After seeing the string of numbers, his head buzzed.

Fortunately, he saw winds and waves and shook his head abruptly to wake him up, but he felt heavy for 10000 points.

“Manager, what should I do? Stop the loss or continue to increase the position?”

The trader asked nervously, saying this, he didn’t have the confidence.

He knows very well that the one-time limit of manager Yoshida Hyuga’s spare risk account is 200000000 USD, but even if the 200000000 USD applied for is invested in, it still cannot fill the short hole. If it fails, the loss will be even greater.

If you stop the loss and exit now, you will not only lose the previous floating profit, but also lose at least 30 million USD!

Yoshida Hyuga’s complexion kept changing, and his heart gradually sank as he watched the price fluctuate.

However, he was not lacking in bloodliness, and his expression was ruthless, and he directly ordered: “Activate the backup account, with a limit of 20 million USD, first cover the position and stabilize the price! Delay as much as possible!”

The trader was relieved, and immediately began to switch accounts.

And Yoshida Hinata also knew that the 20 million USD was just buying time, and he didn’t waste it. He immediately ordered someone to invite his immediate superior, the Shuren Yanagawa, the Department Head of the Trading Department of Sumitomo Corporation.

A few 100000000 million USD of funds are involved at one time, and only Liu Chuanshu has the authority.

The trader was so experienced that he did not buy it all at once, but bought it at a price of 8925 USD a ton. Although the price of LME nickel futures fluctuated sharply, it was still reluctantly held back.

It’s just that the finance on the account is declining at a rate visible to naked eye.

At this moment, some long scattered buy orders suddenly jumped out, as many as a dozen hands, and as few as a few hands. The number was not large, but it frightened both the trader and Yoshida Hyuga.

Because of these long buy orders, the price is not 8925 USD per ton, but prices such as 8914 USD per ton, 8902 USD per ton, 8905 USD per ton.

The manipulator behind these bills is entirely pig teammate!

The price of 8925 USD a ton that they managed to maintain seemed high instantly, and the price of LME nickel futures finally fell.

8923 USD per ton.

8921 USD per ton.

8917 USD per ton.

……

Seeing the price start to fall, Yoshida Hyuga’s face instantly turned into pig liver-colored, and he couldn’t help yelling: “Baka, a bunch of idiots!”

In addition to the 2 1000 400 lots of LME nickel futures they just bought, they now hold 6800 40 lots of LME nickel futures in total.

At the price of 8925 USD a ton, the total value of the LME nickel futures contract held reached 300000000 6000 6.3 million USD.

But as long as one ton falls by one USD, their account will shrink by 40000 1000 USD.

But looking at it now, it fell by ten USD in a short while, which means that the account has shrunk by 4 USD!

The London metal stock exchange does not implement the daily price limit down system. Heaven knows how far the price of LME nickel futures will fall if it is not restored!

“Manager, 10 million USD is consumed!”

The trader’s voice sounded again, making Yoshida’s face even more ugly.

Fortunately, at this moment, a series of rapid footsteps sounded from behind, and Yoshida Hinata immediately looked back. When he saw the people coming, he seemed to see Savior, and he felt relieved.

He immediately greeted him and said, “Department Head, you are finally here, and a major event has been issued. The short position has opened a position of 7500 USD a ton. Now the price of LME nickel futures has fallen.”

He glanced at the trading board, his face looked a little ugly, but still brace oneself said: “It has fallen below 8900 USD a ton!”

This means that there is no more 6 USD!

Yanagawa Shuren ignored Yoshida’s Hyuga, and immediately came to the back of the trader and looked towards the string of numbers with a scrutinizing gaze. He quickly understood his current situation and his expression became serious.

“Department Head, I have activated a risk account to hold the price, but it is all these pigs, otherwise the price will not fall so fast!”

Seeing the ugly face of Department Head, Yoshida Hiroshi explained immediately that he wanted to bring back some face for himself.

“These buying orders are not made by bulls, but bears are behind them!”

Liuchuan Shuren looked at it with scorching eyes, said solemnly.

“The bears don’t want to consume us at all, they want to crush us all at once!”

Yoshida Hinata took a deep breath and asked, “Department Head, what should we do? The gap is too big!”

There is still 400000000 million USD in the shortfall. Even if it is a 10% margin, it will cost 40 million USD.

Liuchuan Shuren immediately shook his head and said: “Most of our funds are now allocated to the copper futures and aluminum futures trading team!”

What he meant was obvious, he couldn’t spend so much money to fight the short-headed fight!

Although with the strength of Sumitomo Corporation, it is not that the money is not available, the accounts of the two trading departments of copper futures and aluminum futures still have a total of 2 billion USD.

But he can’t move the money, because long selling copper futures and aluminum futures are the orders of Tokyo’s President Keigo Sumitomo, and he dare not go against it!

If the plan fails because of unauthorized actions, he is absolutely to blame, and he is likely to be smashed to the end. He dare not take such a big risk.

At this moment, a series of scattered and rapid footsteps came from outside the door, and then a silhouette ran over. This person he knew was an employee of the LME zinc futures trading team. Liu Chuanshu’s heart couldn’t help but sink. There was a bad feeling in a moment.

When someone saw Liu Chuan Shuren, he immediately shouted loudly: “Department Head, there is a problem. There is a big short position. We opened a position at a low price of 10000 lots. We directly filled the position. The price is already falling. It is very likely that we will wear out! “

The meaning of shorting a position is to liquidate a position. One of the terminology of futures refers to the risk condition that the customer’s equity on the customer’s account is negative, that is, the customer not only loses all the margin on the account before opening the position, but also owes the futures company money.

Of course, Sumitomo Corporation itself is a futures company, but for the London Metal Stock Exchange, it is also a customer. The account opened by Sumitomo Corporation in the London Metal Stock Exchange also paid a deposit.

When the margin is insufficient, London Metal Stock Exchange will remind Sumitomo Corporation that Sumitomo Corporation has 24 hours to make up the margin. If the margin is not topped up within 24 hours, London Metal Stock Exchange will forcibly close all the losing accounts of Sumitomo Corporation. position, and lose the excess part of the loss other than the principal, the same must be paid by Sumitomo Corporation.

Of course, it’s okay if you don’t make up the payment. The consequences can be serious. The London Metal Stock Exchange will close the door to Sumitomo Corporation. Even if Sumitomo Corporation reopens an account, it will be confiscated and used to make up for the loss. The London Metal Stock Exchange will also lower the Sumitomo Corporation’s report Go to the court, after arbitration by the court, and recover.

Anyway, I can’t escape!

“Not good, Department Head, there is a big short position in LME lead futures. We opened a position at a low price of 10000 lots. We directly filled the position, and the price fell by more than 5% in an instant!”

Before Liuchuan Shuren had time to inquire about the situation with the employees who reported back from LME Zinc Futures, another silhouette appeared immediately, and everyone’s complexity was greatly changed by the words of return.

At this time, no matter how stupid Liuchuan Shuren was, he knew that his company had been targeted.

Moreover, the secret enemy’s attack is very cruel, it is a critical strike, and it does not give them any room for counterattack.

According to the current situation, even if he took out 1 billion USD, it would be swallowed by splashing it in.

At this time, if you hesitate too much, you will die miserably!

Yanagawa Shuren was cruel, and first instructed Yoshida Hinata: “Stop loss and exit, hurry, find a way to find someone to take the order.”

After speaking, he walked quickly to the door, he was going to the next few departments to give an order to withdraw, so as not to be dragged down the abyss.

The London Metal Stock Exchange has many types of metal futures, including gold, silver, copper, aluminum, zinc, lead, nickel, etc. Sumitomo Corporation invests in each metal futures, and the difference lies in the number.

Now there are problems with zinc, lead, and nickel.

If there are problems with other metal futures, it would be terrible news!