While the trader was talking, the funds in Sumitomo Corporation's account flowed away like water as the system automatically traded, and they were exchanged for LME nickel futures contracts in one hand.

With the development of technology and the application of computer systems, in the United States in 1975, it was possible to conduct automated trading, of course, as early as in the stock market.

However, after more than five years of development and dissemination, automated trading is no longer limited to the United States, nor is it limited to the stock market, and the London Metal Exchange has also been transformed.

"Manager, our spare funds are exhausted, and the warehouse is full!"

In the blink of an eye, the funds in the account of Sumitomo Trading Company were exhausted, and the position was directly full, and the trader shouted again at the manager Yoshida Hinata who came over in a hurry, as if he was in a hurry, and his voice trembled a little.

Sumitomo Corporation's LME nickel futures trading team is very determined to go long and confident in its own strength, so the account does not set a limit on the stop of the acquisition, so the acquisition will be consumed until the capital is consumed.

But who knows, the more than 100 million dollars that are still stuck in the account will be emptied all at once.

It is not surprising that 10,000 LME nickel futures contracts with a total value of more than $500 million were filled, and in addition to 2,400 lots traded at Sumitomo Corporation's purchase price, a number of other small long accounts were also filled.

But even so, there are still large short orders waiting for the bulls to open a position for automatic trading.

It's just that such a large amount of short orders suddenly appeared, and on the premise of not knowing the situation, no bull dared to make a rash move, which made the price of LME nickel futures stagnate at $8,925 a ton for a while.

But according to the normal situation, if the bulls do not hurry up, then the price avalanche of LME nickel futures today is inevitable.

At this time, Yoshida Hinata, the leader of the LME nickel futures team, walked over in three steps and two steps, and after seeing the string of numbers, the whole person's head was buzzing.

Fortunately, he had seen the wind and waves, and shook his head violently to sober himself up, but his mood was very heavy.

"Manager, what should I do? Stop loss exit or continue to increase the position?"

The trader asked nervously, and he didn't have the confidence to say this.

He knows very well that the one-time limit of manager Yoshida Hinata's standby risk account is 100 million US dollars, but even if the 100 million US dollars applied for are invested, it still can't fill the hole of the shorts, and if it fails, the loss will be even greater.

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

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

However, he was not lacking in blood, his face was ruthless, and he directly ordered: "Start the backup account, limit 20 million US dollars, make up the position first to stabilize the price!"

The trader was relieved and immediately began to switch accounts.

And Yoshida Hinata also knew that the two million dollars were just buying time, and he didn't waste it, so he immediately ordered someone to invite his immediate boss, Shuto Yanagawa, the head of the trading department of Sumitomo Trading.

It involves hundreds of millions of dollars in funds at one time, and only Yanagawa Shuren has the authority.

The experienced trader did not buy at one time, but bought little by little at a price of $8,925 a ton, although the price of LME nickel futures fluctuated violently, but it was still barely dragged down.

It's just that the financial resources on the account are declining at a rate that is visible to the naked eye.

At this moment, some scattered buy orders of long positions suddenly popped up, more than a dozen lots, less than a few lots, the number was not large, but it scared both the trader and Yoshida Hinata.

Because of these long buy orders, the price is not $8,925 a ton, but prices such as $8,914 a tonne, $8,902 a tonne, and $8,905 a tonne.

The manipulators behind these pay orders are all pig teammates!

The price of $8,925 a tonne, which they had managed to maintain, suddenly turned high, and the price of LME nickel futures finally fell.

$8,923 a ton.

$8921 a ton.

$8917 a ton.

......

Seeing that the price began to fall, Yoshida Hinata's face instantly turned the color of pig liver, and he couldn't help but scold: "Yaga, a group of stupid pigs!"

With the addition of the 2,400 lots of LME nickel futures they just bought, they now hold a total of 6,840 lots of LME nickel futures.

At a price of US$8,925 a tonne, the total value of LME nickel futures contracts held reached US$366.3 million.

But if a ton goes down by a dollar, their account will shrink by $41,000.

But look at it now, it didn't take long for it to fall by ten dollars, which means that the account has shrunk by four hundred and ten thousand dollars!

The London Metal Exchange does not implement a price limit system, and God knows how far the price of LME nickel futures will fall if it is not recovered!

"Manager, ten million dollars are spent!"

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

Fortunately, at this moment, a series of hurried footsteps sounded from behind him, and Yoshida Hinata immediately looked back, and when he saw the comer, he felt as if he had seen a savior, and he felt a sense of relief.

He immediately greeted him and said: "Minister, you are finally here, something big happened, the short position opened a position at $7,500 a ton, and now the price of LME nickel futures has fallen." ”

He glanced at the trading board, his face was ugly again, but he still stubbornly said: "It has fallen below $8,900 a ton!"

That means another six or seven hundred thousand dollars are gone!

Yanagawa Shuto ignored Hinata Yoshida, and immediately came to the back of the trader, looking at the string of numbers with a scrutinizing gaze, and soon understood his current situation, and his face became solemn.

"Minister, I have enabled the risk account to support the price, but it is all these pigs, otherwise the price would not have fallen so fast!"

Seeing the minister's ugly face, Hinata Yoshida immediately explained, wanting to save a little face for himself.

"These buy orders are not placed by the bulls, they are manipulated by the bears behind their backs!"

Yanagawa Shuren looked at it with burning eyes and said in a deep voice.

"The bears don't want to spend time with us at all, it wants to crush us at once!"

Hinata Yoshida took a deep breath and asked, "Minister, what should we do?

There is still a gap of $400 million, and even if it is a 10 percent margin, it would be $40 million.

Yanagawa Shuren immediately shook his head and said, "Most of our funds are now allocated to the copper futures and aluminum futures trading teams!"

His meaning is obvious, he can't come up with so much money to fight the bears!

Although Sumitomo Trading's strength is not impossible to come up with, the accounts of the two trading departments of copper futures and aluminum futures still lie in a total of one billion dollars.

But he can't move this money, because going long copper futures and aluminum futures is an order from Keigo Sumitomo, the president of Tokyo, and he doesn't dare to disobey it!

If the plan fails because of unauthorized actions, then he will definitely be to blame, and it is very likely that he will be pushed to the end, and he will not dare to take such a big risk.

At this moment, a series of scattered and hurried footsteps came from outside the door, and then a figure ran over, this person he knew, was an employee of the LME zinc futures trading team, Liu Chuanshuren's heart couldn't help sinking, and he had a bad premonition for a while.

When the visitor saw Yanagawa Shuren, he immediately shouted loudly: "Minister, there is trouble, there is a big short, 10,000 hands are opened at a low price, we are directly full of positions, the price is already falling, and there is a high probability of wearing a position!"

One of the futures terms refers to the risk situation that the customer's equity is negative on the customer's account, that is, the customer not only loses all the margin in the account before the position is opened, but also owes money to the futures company.

Of course, Sumitomo Trading Co., Ltd. is a futures company in its own right, but it is also a customer for the London Metal Exchange, and Sumitomo Corporation's account with the London Metal Exchange also pays margin.

When the margin is insufficient, the London Metal Exchange will remind Sumitomo Corporation that Sumitomo Corporation has 24 hours to make up the margin, and if the margin is not made up within 24 hours, the London Metal Exchange will forcibly close all the loss accounts of Sumitomo Corporation, and the excess loss other than the principal will be paid by Sumitomo Corporation.

Of course, it is okay not to make up the payment, but the consequences can be serious, the London Metal Exchange will close the door to Sumitomo Corporation, even if Sumitomo Trading Company opens an account again, it will be confiscated to make up for the loss, and the London Metal Exchange will also lower Sumitomo Trading Company to the court, and the court will arbitrate and recover.

Anyway, no matter what, you can't escape!

"Oh no, minister, there was a big short position in LME lead futures, and we opened a position of 10,000 lots at a low price, and we directly filled the position, and the price fell by more than five percent in an instant!"

Before Yanagawa Shuren could ask the employees who came to report LME zinc futures, another figure appeared, and the words of return made everyone's faces change greatly.

At this time, no matter how stupid Yanagawa Shuren was, he knew that his company was being targeted.

Moreover, the enemy in the shadows is very ferocious, completely lethal with one blow, and does not give them any room to fight back at all.

According to the current situation, even if he takes out a billion dollars, he will be swallowed up if he smashes it into it.

At this time, if you hesitate too much, you will die a miserable death!

Yanagawa Shuren was ruthless, and first instructed Yoshida Hinata: "Stop loss and exit, quickly, find a way to find someone to take over." ”

After saying that, he walked quickly towards the door, he was going to the next few departments to give the order to quit, so as not to be dragged down the abyss.

There are many types of metal futures on the London Metal Exchange, including gold, silver, copper, aluminum, zinc, lead, nickel, etc., and Sumitomo Corporation invests in each metal futures, the difference is only in the number of metals.

Now zinc, lead, nickel are all in trouble.

If other metal futures also have problems, it will be great news!

()