The biggest difference between futures trading and China's stock market and ordinary commodity market is that it can be bought and sold short.

The so-called emptiness is "credit". I didn't have anything in my hand, but I wanted to participate in the transaction, so I borrowed money to buy and borrow things to sell.

In crude oil futures, short selling is to sell crude oil, so borrow crude oil to sell. Whether the short seller itself has crude oil or not does not matter, and everyone does not care.

However, when the contract expires, you have to pay back what you borrow.

If you sell the crude oil short, you have to return the crude oil.

For financial companies, as long as they buy crude oil before the contract expires, they can close the position and make the difference between buying and selling.

And the financial operations department of an industrial producer, such as an oil company, can also transport the company's crude oil to the delivery warehouse, which can be regarded as a real sale.

Because of this characteristic of futures, a trader like Vulture Milton doesn't care how much crude oil Dahua Industrial or Pan Asia Fund has, as long as he has funds, he can keep selling short.

In the competition for funds, because Hirano Hidetomo never waited for the allies and faced the siege of many institutions, he was already stretched.

Milton, who waited for the opportunity, threw 10,000 lots of crude oil in one go.

If 10 million barrels of spot crude oil are loaded, it will require five largest 300,000-ton tankers, and it will be difficult to berth normally in most ports in the world.

However, the futures market only needed a single document to complete the transaction, and the transaction price also reached $160 million, using 10 times leverage. It also costs $16 million, as for higher leverage. In Hidetomo Hirano's current state, he would not dare to do it, and the senior traders who ignored the matter would not allow him to really increase his leverage.

Hirano Hidetomo had a splitting headache and didn't know what to do.

The $2 billion on hand is almost spent, which is also his maximum amount.

Sumitomo Corporation, which gives up now and does more and is so powerful, will lose hundreds of millions of dollars. If the market reacts badly, it would not be surprising to lose $1 billion.

"I want it. Just as Hirano was about to close his eyes and die, a trader suddenly came to his rescue.

Milton was slightly surprised, but made the deal anyway.

Hirano squirmed and got out of the trading pool.

The newspaper delivery man waited there and shouted in his ear, "Ito Trading has decided to join." ”

"The trader just now is from Ito Trading House?"

"Yes, Ito Trading's executive trader. "An execution trader is a trader who acts as an intermediary. To execute one or more of the client's trading requirements, after receiving the client's order, the executing trader completes the transaction in the trading pool, and the transaction order is confirmed by the client, which is considered the end of the process.

Such a trader does not care whose order it is, whose order it is. Even if it's a trader.

Hirano Hidetomo was very determined, but he couldn't help but scold: Did these guys decide to enter the market when they saw that the price of crude oil was very low? In this way, all the risks are borne by us. What selfish guys. If Dahua Industrial closes its position now, they may be able to make some money with it.

Over the past year. The price of crude oil also rarely floats by $2, so in the subconscious of many traders, $2 is definitely a signal to enter the market.

If the fundamentals of crude oil do not change, such an idea is not too outrageous. After all, there is always a time for pan-Asian funds to take profits.

Having said that, Hirano Hidetomo is still very grateful to Ito Trading Co., Ltd. for his help, the market is a very strange creature, before things really happen, there will always be times when the so-called predictions are wrong, and whenever this happens, and there is no adequate prevention, the results are often devastating, in case the price of crude oil falls another dollar or two, the guarantee on Sumitomo Corporation's side will not be enough, and the tight strings may be broken at some point.

"You know how much money they have prepared?"

"I don't know, let Mr. Shigeru Nishioka tell you. The courier yelled and gave up his place.

Shigeru Nishioka's face full of joy revealed, "Mr. Hirano, we have received authorization from the top management of the trading company to fight side by side with Sumitomo Trading Company. ”

"How much money do you have?" Hidetomo Hirano yelled almost close to his ear, and at the same time, he also said in his heart: I don't have the authorization of the Sumitomo Trading Company management, and my shoulder is probably only on your thigh. ”

Shigeru Nishioka said in an imposing voice, "The funds are enough to restore the glory of Hirano-kun. ”

That's about the same as what Sumitomo Trading Co., Ltd. is currently using.

"Great. Hirano Hidetomo smiled, with another $2 billion, whether it is 20 times the leverage or 10 times the leverage, maybe it can really last. As oil prices fell, the market gradually digested the impact of the bad news, and once other companies changed hands to go long in order to make a profit, they were rescued.

Shigeru Nishioka then asked, "How much authorization do you have left?"

Hirano said: I don't even have a $100 million mandate.

He didn't answer immediately, but Shigeru Nishioka continued in a loud voice: "Your Excellency Itosai said that Ito Trading Company will help Sumitomo Trading Company achieve the final victory, please continue to work hard ...... Hirano-kun"

Even in the chaotic environment, Hirano Hidetomo heard the implication that Ito Trading would not be charging ahead.

"Thank you, Your Excellency Itosai. In order to avoid showing a disappointed expression, Hirano returned to the trading pool.

Shigeru Nishioka smiled and went back.

This was his mission, telling Hirano Hidetomo that if Sumitomo Trading Company wanted to reap the benefits of the fisherman, it would be impossible for Ito Trading to help, but not to take the lead.

A minute later, Hirano Hidetomo got to the edge of the trading pool again, called the delivery person, and said sharply: "You tell the people above that if you don't give me more authorization, Ito Trading will stop going long, and they will bear the consequences." ”

The delivery man was frightened and asked, "Who shall I tell?"

"It doesn't matter who it is. Tell the guy in the office to go to a senior trader. I've done everything I can, and if they don't show up, everyone will just die. "Financial markets are always results-oriented, and if Hidetomo Hirano ends up making a loss, he will be called a rogue trader, but if the end result is a profit, he may have a reputation for genius or daring care.

Time is precious. The newspaper delivery man reluctantly returned to his seat and told Hidetomo Hirano's request.

Naturally, the delegates at the seats did not dare to make a decision, and called back the phone.

During this time, Hirano Hidetomo naturally couldn't come up with funds, and it was only thanks to Ito Trading Company that the oil price barely maintained above $16.

However, Hirano Hidetomo looked at the trader's embarrassed look. I also know that the situation is not optimistic, and if Sumitomo Trading Company does not take action again, Ito Trading Company will definitely not sit back and wait for its $2 billion to be exhausted.

The senior traders upstairs should be in a dilemma.

Choosing between violations and huge losses is the last thing any trader wants to dream of, and it will definitely wake people up from the gap between two beautiful women.

Soon, the seat representative ended the call. He ran over directly, called out to Hidetomo Hirano, and said, "I didn't find two senior traders." ”

This is different from Hidetomo Hirano's script, he frowned, and said, "These two guys. Would you rather lose all of the company's funds than come forward?"

"I didn't receive any instructions. The seat representative shouted in Japanese, word by word, "Hirano-kun." Now it's up to you. ”

"I don't have the funds, I'm out of use. ”

"You still have funds to run out. ”

"Why, I've counted it several times......" Hirano Hidetomo paused for a moment.

The representative of the seat showed an expression that you understand, bowed and said, "Please continue to work hard, until we find a senior trader, we will all listen to your orders." ”

Hirano Hidetomo was stunned, he was still a little too inexperienced, such a simple contradictory scene, how could two senior traders enter the urn, they silently increased Hirano Hidetomo's capital authority, and let the hardcore cronies below deny their existence, so Hirano Hidetomo became a puppet on the front desk again.

And it's even more dangerous for him to continue.

Although the funds were raised by an unknown senior trader, the headquarters did not admit that in Japanese companies, Hirano Hidetomo is absolutely not allowed to use money like this.

The nightmare fell back on Hidetomo Hirano's head.

"Are these guys going to send me overseas?" The competition of trading companies in Japan is extremely cruel, and if you make a mistake, you will be transferred to other places or subordinate branches. Although employees are rarely fired, and even reduce their basic salaries and insurance premiums, there are a few employees who are willing to spend their lives in a dimly lit room in a foreign branch.

As a member of society, people still have the need to realize their self-worth, and they will not be willing to give up their future until they have to.

This is especially true for a good young man like Hidetomo Hirano.

"Do you want to continue?" the Ito trader received new instructions, and while he was busy trading, he squeezed to Hidetomo Hirano and roared.

Like Hidetoshi Hirano's previous strategy, he also wanted to divert the traders around him.

Hirano Hidetomo smiled wryly, put aside the thought of retreating, and raised his hand.

A few seconds later, a $50 million contract was finalized, and a dozen seconds later, the office made a confirmation.

The amount of funds has been raised.

Hirano Hidetomo doesn't know whether to be happy or not, his goal has been achieved, but the process of achieving it makes him feel sad, and the superior who has no responsibility can't scold you if you want to.

Oil prices continue to stabilize between $16 and 16 and a half, but in order to find this price, the number of lots completed by the entire London International Crude Oil Exchange is almost a week's worth of trades.

Tian Dongliang was even more dizzy by the hundreds of millions of dollars in transactions, and it was not until the price gradually stabilized that he asked repeatedly: "Did Dahua make money?"

Liu Yi's smiling nose is not a nose, and his eyes are not eyes: "Of course I earned it." ”

"It's less than an hour, and you make a lot of money, right?" Tian Dongliang didn't know the share distribution of the Pan Asia Fund, nor did he know the early position, even so, he secretly thought to himself, as long as Dahua Industrial has more than 10% of the shares, I am afraid that it will earn more than 1 billion US dollars, and with the enthusiasm of Dahua Industry, maybe the shares will be more than 10%.

Liu Yi smiled even more happily, raised his chin, and said, "It's impossible for an hour, you can continue to watch, there is still a good show." ”

"Also, you still haven't quit?" Tian Dongliang felt incredible, thought about it, and said in surprise: "Do you want to go long with your backhand?"

If you can quietly close the position and then go long, then with the weakening of the power of the bears and the enhancement of the power of the bulls, the long backhand is to make money from the two forks.

However, with the plate of the Pan Asia Fund, it is too difficult to backhand, and Liu Yi said indifferently: "Su Dong has prepared more than this, and the main dish has not been served yet." ”

He is willing to divulge the news to Tian Dongliang, and he also needs to roughly end the whole process, so as to write a complete report, for Su Cheng, Tian Dongliang is a political insurance he bought, and it is a low-cost, high-payout, and bonus value-added type.

……