The pressure enveloped Hidetomo Hirano's mind, accumulating so much that he could no longer bear it.

Just as everyone was concentrating on the electronic disk and guessing the reaction of the electronic disk, Hirano Hidetomo stumbled to the edge of the table and gestured to his own seat.

The courier immediately ran over and delivered all the information they had collected to Hidetomo Hirano.

Hirano Hidetomo took it in his hand and looked at it at a glance.

The content on paper is simple and comprehensive, basically including all the latest confirmed information: the reserve judgment of the Azijiu oilfield, the production judgment of the Azijiu oilfield, the quantity judgment of the spot crude oil accumulated by Dahua Industrial, in addition, the analysis of crude oil reserves in the Caspian Sea region made earlier by relevant financial research institutions, and the judgment of local crude oil production.

This information is difficult for traders to see when they are manually shouting, because the trading is so frequent and intensive, except for important matters, they are not allowed to read the material at all, and the traders who participate in the electronic market, that is, the "trader", sit behind the computer and read it whenever they want.

Therefore, the electronic disk and the manual disk seem to do the same and similar things, but because of the different methods and procedures, it often leads to completely different results.

In some less volatile speculative activities, it is possible that the electronic and manual disks will go in opposite directions.

In more volatile speculative activities, the two are more likely to reinforce each other and produce greater volatility.

Hidetomo Hirano saw a golden light in front of him.

It's as if the future is getting bleak and all the light is coming out.

Hirano squeezed the courier's neckline fiercely. He said in a vicious voice, "What about the news of the trading company, where are the instructions from the trading company?"

"There are no new instructions from the trading company. "A newspaper delivery person is usually the first step to becoming a trader, and is considered to be someone who understands the futures market. At this time, the British-Japanese could not help but feel sad that the rabbit had died and the fox had died.

The superiors are good at shirking responsibility, and under the premise that the situation is irreversible, no one will give Hirano Hidetoshin instructions.

He was like a commander who had been sent to the front line to snipe at the enemy, and was surprised to find that the enemy was far more numerous and firepower than expected, and the friendly forces were also in formation to protect themselves and were unwilling to help...... Despite this, there is still a penalty for retreating, and there is a punishment for not completing the task. Excessive losses are still punished.

A hint of realization rose in Hirano's heart, and he slowly loosened the collar of the newspaper delivery man, and said, "I understand, who is operating the electronic disk?"

"Kudo trader. ”

"Daisuke Kudo is a junior trader, right? What about traders from Hase and Hirota?" Although he was also a novice, Hidetomo Hirano was delegated from the foundation headquarters, and he had the experience and qualifications to use a large amount of money, so he was promoted to a mid-level trader as soon as he arrived. There are neat trading privileges. Fuji Daisuke, a junior trader who has been promoted locally, is not so lucky, he has to go through at least three thresholds of a newspaper delivery officer, a trainee trader and a junior trader before he can touch the edge of an intermediate trader, and only if he always shows good performance ability and stop-loss ability, the senior trader will give him a high amount of authorization.

Other words. Daisuke Fuji, a junior trading employee, is currently not qualified to use funds independently. All his actions must be executed according to the design of the senior trader.

Sumitomo Corporation is a super-consortium with six seats on the London International Petroleum Exchange alone, each headed by two senior traders. They are the only ones who can decide Sumitomo Corporation's strategy in the electronic market.

The delivery man said uncomfortably: "The trader of Nagatani and the trader of Hirota are both on the phone in their offices. ”

"What kind of call do you make at this time......" Hirano scolded through gritted teeth. Knowing that these two guys won't come forward, if it were him, he probably wouldn't have come out now.

"Please do your best. The messenger bowed his head, turned and ran.

Hirano closed his eyes, took a deep breath, and turned back to his battlefield.

The opening of the electronic market does not mean that the market is closed manually, and by the afternoon, he still has a lot of transactions to do.

A trader swarmed up and held his trading card higher than his head.

Hirano continued to trade slowly, but oil prices fell twice as fast.

In just 10 minutes, oil prices fell below the $17 mark, down $1.22, nearly a 6.7% decline.

For most traders, even if the stop loss line is not reached, it is almost fast.

Unlike the crude oil futures market more than 10 years later, the two major oil exchanges in the mid-90s had significantly slower trading frequencies and transaction amounts far less than those of crude oil exchanges after the mainstreaming of electronic trading, and the fluctuation of $1.5 was great, and throughout 1993, the price of crude oil rarely fluctuated more than $2.

Add to this the expected OPEC production cuts, a strong rebound in the U.S. economy, and the maintenance of North Sea oil fields.

If Hirano Hidetomo were an executive trader for the intermediary, he would have waited and seen now, even if he didn't sell short.

But he's not.

He is a proprietary trader who uses the company's own funds to trade, and if the oil price collapses, the long positions accumulated by the previous day and today's buy order are estimated to make the head of the trading company tremble.

Hirano Hidetomo had no way out, so he couldn't help but look up at the Sumitomo seat on the second floor, gritting his teeth and thinking: Since you don't speak, let me continue to buy it and see who can't survive first.

Looking back, Hirano Hidetomo simply sped up the speed of paying.

As his proficiency increased, so did the amount of trading in the artificial pool, and Milton the Vulture was pushed out of the room, surrounded by traders waiting to be fed.

As the only active bull in the pool of manual outcry trading, Hirano is the "mainstay", and if it weren't for his resolute actions, oil prices might have slipped $16. Whether out of self-preservation or a wait-and-see attitude, neither of Sumitomo's two senior traders has come forward. A few days ago, I bet long with the Pan Asia Fund, although it was Hidetomo Hirano's idea, but they all agreed, in the exchange, an institution in charge of senior traders, the price of oil fell sharply, which was a disaster for Hidetoshi Hirano, and the same is true for senior traders.

Hirano Hidetomo is willing to jump out to block the mine, where will the two of them stop it.

However, it is still difficult for Sumitomo Trading Company alone to digest the new news of a 150,000 barrel-per-day oil field.

The futures market is sold in the forward contract, such as 9408 is the crude oil delivered in August 94, 9409 is the crude oil contract delivered in September 94, 9410 is the crude oil contract delivered in October 94, the traders of the old crude oil futures know that a high-yield oil field that has just been discovered, after two or three months, the production will be greatly improved, not to mention that the Azijiu oil field is only one of the unprecedented 11 oil fields released by Azerbaijan, and Azerbaijan is one of the unprecedented Caspian oil-rich countries。

The resulting associations cannot be resolved without tens of billions of funds.

Sumitomo Trading Co., Ltd. was able to get the money, but Hidetomo Hirano's authority was only $2 billion.

It was the $2 billion that he used without permission, and he had to pull up the list after it was over.

Counting on his fingers, with this resistance, his ammunition has also been consumed, and Hirano Hidetomo has to pretend to be unfathomable.

At 11:45, Hirano Hidetomo quietly breathed a sigh of relief, and the trading in the trading pool was also suspended for more than ten seconds.

Then, the 9410 contract on the electronic screen went down, dropping 20 cents.

In this way, Sumitomo Corporation lost $20 million in an instant.

At the same time, $16.68 also reached the stop loss line of Enron trader Gretel.

Stop-loss is a trader's life. Financial firms are willing to put up with all sorts of weirdness from stressful traders. Fly from Paris to London every week like ikill? Yes, you will be reimbursed for your transportation expenses. Collect beetles like Rockefeller, no problem, any employee who dares to scream will fire him. Repair clocks like Klemispangrad?OK, noisy staff wear their own headphones.

Stop-loss is a high-voltage line that no financial company allows traders to trample on.

If the level is not enough, the most is the loss of funds, and the end of not doing stop loss is the Bahrain Bank lying on the corpse.

Enron trader Grant glanced at the electronic screen on his waist, and after confirming the order, he put his right hand flat, as if cutting his throat, and made two strokes under his neck.

This is what it means to "close a position".

Grant looked apologetic and shook his head at Hidetomo Hirano. He did not sell the contract in hand above the stop line, which was already the biggest support, and the company's upper management was unwilling to lower the stop loss line, so he could only make the decision to close the position.

A second later, Hirano realized that Enron had withdrawn from the party, and both eyes suddenly turned red.

Enron holds at least $300 million in crude oil contracts, and selling them in one go will be fatal to the market.

On top of that, there is no one to take over now, and Hirano Hidetomo is almost the only active bull left in the market.

Occasionally, one or two sales traders place orders for customers, and the volume is not enough to swallow hundreds of millions of dollars in contracts.

The curves on the electronic screen, from 9411 to 9408, are thrown one after another, especially the 9410 contract, which dived directly to 16.12.

Hirano couldn't let the price of oil fall to $16, so he pinched his nose and took over, and in this round of trading, oil prices actually rose slightly, back to the price of 16.34.

However, Hirano is running out of money.

Hirano Hidetomo looked up again and looked at the second floor, he was extremely hopeful that the price of 16.34 per barrel would be all the money needed to absorb the Azijiu oil field.

Hirano closed his eyes as if in prayer.

When I opened it again, I saw Milton, a tall, bald European, smiling like a vulture.

"That's how Milton the Vulture came here. Hirano groaned, but no one heard it in the noisy trading pool.

……