Chapter 604 Brokerage Investment Research Department and Proprietary Trading
Wang Qihua's ears were sharp, and Yang Muye's small voice just now was actually heard by him.
Li Yan subconsciously turned his head to look at Yang Muye, and then at Wang Qihua and Wang Qiling. He pursed his lips slightly and didn't speak, just wanted to see what this boss of the Detian system would do.
"It's a black cat or a white cat! Since that's it, how about you tell me how you all operate?" Wang Qihua asked Yang Muye with a faint smile on his face.
Yang Muye did not respond to Wang Qihua immediately, but tilted his head and looked at Li Yan. Seeing that he nodded at himself, he muttered: "Our trading work also has procedures. ”
"Tell me?" Wang Qihua asked Yang Muye.
Yang Muye thought for a while and asked Wang Qihua, "Do you mean the silver seed wine that is the target this time, or is it ...... What do you mean by our overall process?"
"You don't have to limit yourself to the Silver Seed Wine, let's talk about your overall work process!" Wang Qihua muttered to Yang Muye with an interested expression.
Yang Muye nodded, and then said loudly: "If it's not just for Silver Seed Wine, then we will only see the various internal reference news of our tracking stocks from half past nine to ten the night before." ”
"How did you get this information?" Wang Qiling showed a hint of disdain on his face, and interjected to ask Yang Muye.
Yang Muye was slightly stunned, but he still said 1510: "We have obtained the internal reference reports of major brokerages and the research of well-known fund companies. ”
Wang Qihua nodded and didn't speak, but Wang Qiling said with a smile: "Okay, I know." ”
Li Yan could see that Wang Qiling had something to say, but he didn't say it, so he asked Wang Qiling stubbornly: "Brother Qiling, is there anything wrong with this? I didn't treat you as an outsider, so if you have anything to say, you might as well say it directly." ”
Wang Qiling heard Li Yandu say this, so naturally it was not good to take a chance. He asked Li Yan: "Li Yan, you are also from a brokerage, do you have any views on the brokerage's research report or internal reference?"
"This ...... I think it's okay? Although the analysis of the general trend is not too accurate, it also has a certain reference, right?" Li Yan's voice fell, only to hear Wang Qiling smile and say: "Yes? Then I will describe something to you, of course, there is nothing to refer to, you listen to it and think about it yourself." ”
Li Yan nodded at Wang Qiling, and listened to him say slowly: "A few years ago, a brokerage released an internal reference through channels, and this internal reference naturally fell into the hands of all customers through various channel platforms of brokerages. It happened that the internal reference focused on recommending a listed company. They gave a detailed interpretation from the fundamentals of the industry to the performance of listed companies and the future development potential, and gave a technical analysis and future upside. ”
Hearing this, Li Yan nodded subconsciously. I didn't understand the connotation of the example cited by Wang Qiling for a while. So patiently listened to Wang Qiling continue: "After recommending it, it happened that the listed company rose a little, and then it began to turn around and fall down after a few days of slightly sideways trading. ”
"What do you mean...... The internal reference given by the brokerage is not very good, is it?" Yang Muye asked after listening to Wang Qiling's words at this time.
"The story is not over yet, you continue to listen!" Wang Qiling was a little dissatisfied with Yang Muye's interruption of his story, but he didn't say much but continued: "Coincidentally, when someone found out that this listed company was recommended by investment research, the company's self-operated properties were being sold in this position. ”
"Huh?" Yang Muye was a little confused, and subconsciously muttered.
Li Yan nodded, and at this time he vaguely remembered that he seemed to have heard Li Xiang mention this matter. Brother Xiang seems to have worked at this brokerage firm at the beginning.
"So, this is a case in which the investment research department of the brokerage and the proprietary market are working together to find a way to take profits at a high level and let their company's customers take over?" Yang Muye vaguely understood something, nodded slightly and responded to Wang Qiling.
Wang Qiling smiled faintly, and then said to Li Yan, Yang Muye and others: "The final result of this brokerage was naturally discovered by the customer by coincidence, and it happened to be reported to the Securities Regulatory Commission. ”
Speaking of which, Wang Qiling stopped talking. just smiled at Yang Muye.
Li Yan sighed slightly, and said: "I really remembered this matter just now, and then the brokerage happened to have some relationship with the upper level, and after being supervised and supervised, it was explained: The proprietary market and investment research department of the brokerage are independent departments that are not subordinate to each other. After all, the profit point is the three categories of economic business, proprietary business and sponsor business. And now the profits of brokerages mainly come from economic business. To provide customers with a channel for the next transaction, the proprietary business should be more classified into the ranks of relying on the sky. ”
After saying this, Li Yan paused and grinned at everyone and continued: "Do you think that the brokerage will do the thing of killing chickens and taking eggs?"
Yang Muye thought for a while and said: "It's hard to say, if you really encounter a tricky situation, your own customers will be pitted with one vote." Retail...... How not to lose, it is better to lose in the hands of outsiders than in your own hands. ”
"The brokerage's explanation is that they cherish every customer, and there are not many customers who actually buy after sending out the research report. And the quantity they ship is much larger than the number of customers buying. Li Yan smiled and shook his head.
Wang Qiling only knew about it, but the details were not as clear as Li Yan's. casually asked with a curious face: "How was this matter dealt with in the end?"
"It seems to be a symbolic penalty, but I heard that the ticket did make a lot of money. After Li Yan finished speaking, everyone in the room fell silent.
Li Yan turned his head and glanced at Yang Muye and said, "You go on." ”
Yang Muye snorted and defended: "Looking at the internal reference and investment research report is actually secondary, we mainly track the development of events that have an important impact on the capital market at that time." If necessary, we will also pay attention to the information of the Dragon and Tiger List. ”
Wang Qihua and Wang Qiling didn't say anything, they just nodded and motioned for Yang Muye to continue.
"The next morning, between 9 and 9 o'clock in the morning, we will see if there are any emergencies and news. By the way, I will recall the information I read last night. According to the announcement information, it is expected that the listed companies that may soar sharply on the same day, and be psychologically prepared. ”
Wang Qiling's expression was slightly disdainful, but Wang Qihua nodded and said to Yang Muye: "Then let's talk about what you will do during trading hours." ”