Osaka Stock Exchange Announcement: In order to curb speculation and stabilize the orderly development of the securities market, starting from July 15, the Nikkei 225 futures margin will be increased by 300%, and the handling fee will be increased by ten times on the original basis, and investors cannot make more than ten transactions in a single day.

After receiving the news, Shen Jian directly scolded his mother. As a hanger, he is very clear about the trend of the Orient Stock Exchange, in the original trajectory, the Orient Stock Exchange collapsed, all the way down to 7,000 points, from the current 17,800 points, more than 10,000 points of decline, such a Orient Certificate, such a book, just sell and sell.

Sell it and you can exchange it for money.

But...... Now that the exchange is making an announcement, let alone continuing to increase positions, even the current positions have to be forced to liquidate.

Because the deadline of July 15 is the delivery date of the current Nikkei 225 main contract, the contract after 08 can only be traded ten times a day.

Ten strokes, and a fart.

In the office, Shen Jiannan looked at the faxed documents and cursed.

William was also speechless for a long time.

This new regulation of the exchange may have little impact on retail investors on stock index futures, but with the scale of company-level positions, it is simply impossible to survive in the market.

Kaiping only has ten hands, and he still plays with chickens.

“BOSS。 Is this crazy for the Securities Bureau, doesn't this mean that the market that has been regained with great difficulty will be handed over to Singapore?"

Shen Jiannan didn't know what to say.

Although the securities market is also a zero-sum game, there is still a difference after all, the way of precipitation of funds and capital is different, and the market value evaporated by the stock market is actually the total scale of currency circulation. The market value of the company has shrunk, and the personal wealth has shrunk, and the corresponding money is actually equivalent to annihilation.

But the futures market is different, the futures market is a complete zero-sum game, no matter the market rises or falls, after all, it is a left-right fight, and money flows from one side to the other.

What's so ...... In order to make way for the dollar, simply at any cost.

"Momfuck!"

"What do we do now?"

“......”

What else can I do!

Cold.

On July 1, affected by the latest regulations of the Osaka Stock Exchange, the Orient Stock Exchange, which had been consolidating continuously, finally reacted, and as soon as the market opened in the morning, it jumped down by 200 points.

Because logically speaking, the profits of major securities companies mainly come from handling fees and position restrictions, which means that all large customer positions will be liquidated, and customers will be lost forever before the trading rules are changed again, which is undoubtedly the biggest negative for securities companies.

As soon as the market opened, the stocks of major securities companies were sold off.

Like the defensive positions of the trenches, the gaps affected by the new regulations immediately caused a chain reaction.

First Life Insurance, Securities Investment Department.

As the largest insurance company in the capital, life insurance has always been abundant in cash flow, and it is undoubtedly a good choice to make profits in the capital market in order to preserve capital value and maximize profits.

However, the market is risky after all, and as the most professional financial company, it is the best choice for the market to design arbitrage product portfolios and stable returns.

In order to avoid the inevitable systemic risk, the investment department holds a large number of securities assets and holds a forward hedging position of the Nikkei 225 contract at the same time to avoid market systemic risk.

Now, however, the exchange's rules mean that the hedged positions held by the company will be liquidated.

There's no choice at all.

"Aeon Holdings, cut 10% of its holdings. ”

"Mitsui & Co., all cuts. ”

"Passenger railways, a reduction of 15 percent. ”

“......”

Department of Public Pension Investment.

Koji Oda looked at the faxed exchange announcement and was speechless for a long time.

Losing the risk hedging on stock index futures, with the current domestic environment, the investment portfolio must be adjusted, and the public annuity is related to the pension of all owners, and it must not be lost.

Picking up the phone, Koji Oda dialed the extension of the trading department.

"Reduce the size of the bank shares, inform the local gentleman, so that he can rush to Singapore. ”

First Life Insurance, Public Annuity Investment Department, Loss Insurance Holdings...... As soon as the announcement of the Osaka Exchange came out, all the capital of Neon moved. Adjust the product portfolio, reduce the scale of domestic securities asset holdings, and transfer domestic futures holdings to the Singapore Exchange.

Tokyo, stock exchange.

Kikumaru Yamaguchi looked at the big screen in Chuo, and the whole person was stunned. The Topix Index, 16330, down 1,500 points, and the passenger railroad, down 13 percent.

Because of his work in the bank, Yamaguchi Kikumaru knew that there were a lot of bad debts in the bank at present, and he deliberately avoided bank stocks when he increased his position, but he never thought that the passenger railway, which has the most stable income and the most stable profitability, would also plummet.

Doesn't everyone say that the market fell because stock index futures can be sold short, why does the market fall sharply again if stock index futures are restricted? Why is the profit of the passenger railway the most stable, and there is no possibility of loss, and it also plummets!

Looking at the dazzling green on the screen, Kikumaru Yamaguchi felt the world full of malice.

As soon as you buy it, it falls.

I only made up the position yesterday, and it plummeted today, just like someone staring at their money and deliberately going against themselves, just like they just withdrew money from the bank and immediately encountered a robbery.

"Why is this happening?"

Kikumaru Yamaguchi looked at the screen in Chuo and muttered blankly in his heart.

Obviously it is at the most critical support level of the golden section, and the trend has also come out of the upward trend, but why did it suddenly collapse.

A deep rush of despair surged like a wooden stick the thickness of a fist on his head, and Kikumaru Yamaguchi's mind went blank.

In order to make up for the previous losses, Yamaguchi Kikumaru took advantage of his position to temporarily embezzle 16 billion yuan to make up the position, and as long as he rebounded by 25 percent, he could almost return to the previous accounts.

But now, all is in vain.

In a daze, Yamaguchi Kikumaru walked out of the exchange, and the deficit of nearly 10 billion was impossible to fill in at all.

Finished!

In Tokyo in summer, the temperature is already very high, and you can feel a burning sensation when the sun shines on your body, but when you walk on the road, Yamaguchi Kikumaru does not feel the warmth of the sun, only the cold that is cold to the bottom of my heart, which is even colder than the snowstorm winter night that occurs once in a century in Hokkaido a year ago.

Almost numb, despair hit Yamaguchi Kikumaru's brain, walking on the road of traffic and traffic, countless thoughts seemed to flash through his mind, but nothing seemed to have been thought of.

The market has shattered all his beliefs, all his thinking, everything has been completely destroyed in this crazy market.

Bell bell bell ————

The mobile phone in his hand suddenly rang, and in a daze, Yamaguchi Kikumaru subconsciously picked it up.

"Yamaguchi-kun, just now a big depositor came to inquire and said that the four billion deposits in the account have disappeared......"

"Huh!"

"Nani!"

“......”

Kikumaru Yamaguchi unconsciously dropped the phone and continued to walk with his eyes blank.

"It's over!"

Osaka, Kei Junior High School.

Shen Jiannan sat in the car and clutched his chest, thinking of the positions on the account that were forced to be reduced, he only felt that the money had been robbed.

The feeling of heartache.

Obviously, the Orient Stock Exchange will continue to fall, but the position cannot be held.

"Michiko. My heart hurts, my heart hurts. ”

Michiko Ahn was scared.

Shen Jiannan clutched his chest, his face was painful, and his face was wrinkled, like a patient who suddenly turned over a heart attack. Sixteen-year-old girl, where has she ever encountered such a situation, she is physically and mentally worried, and An Hui Michiko was immediately scared and cried.

"Akiyama-chan! What's wrong with you! Don't scare me. Woo-"

"Michiko, I'm so miserable, I've lost a lot of money, it's very uncomfortable, my heart hurts, can you help me comfort me!"

"Woo-"

Shen Jiannan was dumbfounded.

As she spoke, the little girl leaned on her lap and cried, and her body trembled with the crying.

"Michiko, don't cry, I'll tease you. ”

It's okay not to be comforted, but as soon as she was comforted, An Hui Michiko cried even more, just now, she saw Shen Jiannan's painful look like he was teasing her.

"Woo - Michiko is useless, can't help Akiyama-chan. ”

"Yes, yes, Michiko can help me. ”

"Huh?"

"As long as you ......"

"Ahh

"I kid you not, really. ”

“......”