Hirano had never been so nervous in his life.

Not in the most important exams of life, not in the most important interviews of life, and not in the most important negotiations of life.

However, when standing in the strange and familiar crude oil trading pool, Hidetomo Hirano's face was as usual, but his legs were trembling, if it wasn't for the fact that it was too crowded inside, people next to people, people touching people, he might have fallen crooked.

He couldn't help but be nervous, in just a few minutes, he actually threw out more than 400 million US dollars, and he didn't know how much he had to throw out to stop the falling pulley.

In such a warm atmosphere, other young people who have just become traders may forget the value of $400 million, but Hirano Hidetomo will not. He's been at Sumitomo Corporation long enough that when he sleeps and dreams, the numbers don't mess around.

Thinking that in the next short period of time, he still didn't know how much $400 million he would have to invest, and Hirano felt his blood rushing to his head.

400 million US dollars, if used for bank mergers and acquisitions, is enough to buy 100 small and medium-sized Japanese companies, or 1,000 small and medium-sized enterprises in Southeast Asia, at least three of the latest fully automatic lithium battery production lines, put them in the bank for conservative investment, at least 40 million US dollars per year investment profits...... If it is used for consumption, buying a small island in the Caribbean Sea and stuffing it with beautiful women will not cost about half of 400 million US dollars.

If the gamble fails, it is difficult for Hirano Hidetomo to imagine how the upper echelons of the trading company will be held accountable, and they may go to jail. After all, he hadn't gotten permission from the top to do so.

Time did not allow him to wait for the results of the report.

Hirano understands that the reason why the traders in the oil pool with long orders did not rush to sell at the moment of the news was because they needed to confirm the news, and furthermore, the traders were waiting for the company's instructions.

In terms of trading skills, long traders also don't want to rush to sell and cause uncontrollable losses.

However, the results of the waiting are not encouraging.

Once the company has made a decision - judging by the news released by Dahua Industrial. The decision to sell is the most normal, and the traders will definitely sell.

Even if some companies end up making the opposite decision, such as Sumitomo Corporation, many giants. But while waiting, if one or a few traders decide to sell aggressively, causing oil prices to plummet and hitting the traders' stop loss line, there is no need for the company to explain. Traders will also sell their stops.

Ordinary traders who act as intermediaries don't care about the rise and fall of oil prices, but Hirano Hidetomo cannot.

After visiting Dahua Industrial's offshore drilling platform, he began with the phrase "Dahua crews never clean dirty decks" and gave a wonderful speech at the regular meeting of Sumitomo Corporation's Finance Department, which led to his new position. And after Yili insisted on going long, Hirano Hidetomo must not watch oil prices fall in the opposite direction, especially in the trajectory designed by Dahua Industrial.

The result is no different from the loss of hundreds of millions of dollars.

The expression on Hidetomo Hirano's face was not so much confidence as determination.

Only by stabilizing the current crude oil price with a huge amount of money can we expect the next changes. 6 million barrels of crude oil spot. It's just over $100 million, and it's not too difficult to maintain market confidence.

Vulture Milton once again sold 5,000 lots of crude oil without changing his face, he had the authorization of Sioux City, and there was no problem spending $5 billion.

Hirano Hidetomo took it without changing his face.

Milton sold again, and Hirano accepted it again.

In the small trading pool, every time the two of them trade, they take a step forward.

The rest of the traders got out of the way. Let both sides face each other directly.

Another deal.

The two of them got closer and closer, until their noses touched their noses.

Milton the Vulture has been a dealer for 20 years on the London International Crude Exchange, an old-school trading intermediary, and has encountered this kind of multi-party war more than once.

After a short exchange, Milton had an idea, and suddenly said in accented English: "You used so much money, does your company know?"

Hirano was stunned. "Of course. ”

"The response of Japanese companies is really fast, which is rare. Another 5,000 hands?"

"No problem. "Hidetomo Hirano is already a brainless order, and according to the plan, he was supposed to be a year after the internship. to really enter the trading pool. However, without the company's authorization, Hirano Hidetomo was simply unable to order the traders representing Sumitomo in the trading pool and had to go shirtless.

It's hard to tell right or wrong in his decision, but his behavior is really too jerky.

was nodded by Milton, but Hirano Hidetomo had not yet woken up, but someone next to him had already reacted.

Today's market volatility is caused by UOB Industrial, and it is not surprising that Milton is employed by the Pan Asia Fund and is authorised in advance. Hidetomo Hirano's Sumitomo Corporation is different, and unless they get inside information, Sumitomo Corporation's response should not be faster than that of local London financial companies.

Japanese companies are notoriously sluggish, even in financial markets.

Thinking further, if Sumitomo Corporation gets the inside information in advance, then it will be stupid to go long, and the best thing to do is undoubtedly to wait for Dahua Industrial to release the news, and then quickly short, and then change hands to go long. Unless Sumitomo Corporation knows in advance that the news of Dahua Industrial's Azijiu Oilfield is false, then it will reverse the long and then debunk the news of Dahua Industrial.

Therefore, the crux of the matter lies in the authenticity of the news of the right talent.

Several traders who thought of this stubble took the electronic screen on their waists in their hands, and pressed the button to urge their colleagues upstairs to quickly confirm the news.

Short-term futures traders with holiday news will appear from time to time, and most traders have become quite cautious.

It's slow to say, but the slow trading in the trading pool has only been going on for less than 10 rounds, and Hirano Hidetomo has spent a billion dollars, which is still quite far from his authority.

Accustomed to Milton's trading frequency and familiar with the trading methods in the trading pool, Hirano Hidetomo was a little relaxed, he tidied up his tie, as if he wanted to take a breath, this was supposed to be a day of suits and leather shoes, Hirano Hidetomo was not ready to be a trader, and naturally he didn't have time to change into suitable clothes.

He didn't know what he looked like. It also fell into the eyes of other traders and was used as a basis for judgment.

"Buzz ......"

A trader's screen vibrates.

Hirano Hidetomo frowned, he didn't like this kind of sound, and in a normal trading pool, the humming of the electronic screen was absolutely inaudible.

"Another 5,000 hands, do you want it?" Milton's voice covered the buzzing electronic screen.

"Come on. "Hirano Hidetomo didn't show any weakness.

After a few seconds, the transaction is complete.

"Who else?" said Hidetomo Hirano, holding up his trading card. He felt he might have survived the scene.

In futures exchanges, money is an extremely important factor. In the teacup market of coffee, soybeans, and peanuts, financial institutions that can use tens of billions of dollars of funds can already monopolize the market, and there is no shortage of successful examples of using huge amounts of money to operate against the trend.

Even in the larger swimming pool market. There are also examples of huge money manipulation, such as JP Morgan's trader Ikill, nicknamed the London Whale, who, in his heyday, had the world's seventh-largest bond derivatives position, sold $100 billion in exposure to the CDX index, and held $360 billion in money positions on the trading desk behind him. After the popularity of Harry Potter, iKill received a new nickname for "Lord Voldemort", which was complained by its peers that it had completely distorted the CDX index to the point that others could not invest in the product to make a profit.

However, crude oil futures are not a futures market the size of a teacup, nor is it a futures market the size of a swimming pool, it is the world's top futures market, which can cause a flood of gold to the financial industry at any time.

Those who have become refined crude oil traders. Just quietly looking at Hirano Hidetomo and Milton, they are easily influenced and fall into madness on the surface, but in fact, their psychological qualities are far beyond ordinary people.

"Buzz ......"

Another trader's screen vibrates.

Hirano looked over unconsciously.

"Buzz. ”

"Buzz. ”

"Buzz ......" The vibrations in the electron cell are one after the other, as if you are chasing me.

Hirano turned half a circle to the left, half a circle to the right, and then turned his head again. I saw a trading card almost pasted in front of my eyes.

"I'll sell!"

"I'll sell!"

"Sell!"

Most traders only need to glance at the electronic screen around their waist and make a decision in hundredths of a second.

The news of Dahua Industrial was confirmed.

In an instant, Hidetomo Hirano was crowded with traders with sell orders, even those who had previously held a small number of long orders. They are also busy to close their positions, and even more expect to speculate and make profits.

The crude oil trading pool has finally returned to its former hustle.

However, Hirano Hidetomo misses Shicai's calm, even the confrontation before the buzz is much better than now.

"I took it. "Hirano didn't have time to hesitate and closed the deals one after the other.

He still has hope, and from time to time he looks at the traders who represent Enron, Société Générale and other institutions on the market.

As the bulls who fought against the Pan Asia Fund some time ago, these companies have all accumulated a large amount of long positions, which is not to say that they can turn around.

Oil prices have not fallen sharply at present, but Hirano Hidetomo jumped out to stand up, if they stand up to close the position, Hirano Hidetomo can't stand it, oil prices will inevitably plummet, and those who can't sell long orders will all become losses.

This is also a big difference between manual outcry and electronic outcry. If you stab someone in the back, they will immediately find out, and the speed of trading is limited, which makes it even more dangerous to hold heavy positions.

So, without instructions on behalf of the company, and without reaching the stop-loss line, several traders from multiple sides all hesitated, neither selling nor stabilizing the front like Hidetomo Hirano.

The news of Dahua Industrial is confirmed, which means that crude oil prices will inevitably fall.

However, how much it falls is different.

The market may digest the news with a drop of 50 cents, or maybe $2 or more, no one can say.

For Hidetomo Hirano, as long as the price of crude oil does not fall by more than $1, it doesn't matter if he bears $2 billion or $2.5 billion futures orders.

The loss of $2 is a bit much, unless he holds out until the oil price correction, whether it is to close the position or deliver, Sumitomo Corporation, which uses 10 times leverage, will immediately lose more than $1 billion.

"I can hold on. Hirano gritted his teeth and made the deal, secretly slowing down.

The market accumulates more and more sell orders, and the price is getting lower and lower.

Finally, when the price of oil fell by 50 cents, Hirano was pleasantly surprised to find that Enron's traders were moving.

"I can't wait. Hirano Hidetomo was secretly happy in his heart.

Although Enron is not as large as those financial consortia, it is a representative company of energy finance, and its own strength is not weak, even if there is no special preparation, there is a lot of standing capital on the London Stock Exchange, which can be regarded as a very powerful ally.

Hirano Hidetomo squeezed two steps to the left, hoping to get closer to Enron's trader Gretel, so that he could send some of the sell orders around him to Enron as quickly as possible, which was a small trick.

Gretel was a small Hitler-like man, very calm in the crowd, and came to the front of Hirano Hidetomo in three or two steps.

However, the Hitler-style boom-like chanting that Hirano expected did not show up in Gretel.

The latter seemed to stand on tiptoe and cast his gaze into the air.

"What is this guy doing? Hirano looked over with anger mixed with curiosity.

In mid-air, the large electronic screen is slowly playing a series of English starting words - the electronic market is open.

Hidetomo Hirano, who was still trading, couldn't help but feel weak under his feet and had to reach out to help the person next to him.

94 years of crude oil futures market, both manual disk, there is also an electronic disk, manual disk with manual shouting trading, electronic disk with electronic system matching transactions, in essence, the nature of the two is the same, according to the current London International Petroleum Exchange regulations, manual disk first opened, electronic disk after opening.

Such a regulation itself actually shows that manual disks and electronic disks are different.

For now, the biggest difference between the two is the speed of trading, and by extension, the frequency of transactions and price changes will increase.

On the one hand, traders can control the speed, and on the other hand, the relatively slow trading process will slow down the price change.

The electronic disk is different, as long as the price and quantity are set, the speed of the electronic disk matching transaction is calculated in microseconds, so there are more companies and people involved, and the price changes are more drastic. Here, from time to time, there will be an oolong incident where a trader enters the wrong number, and if it is a manual bid, the Everbright Bank incident will not appear, because manual trading cannot complete so many transactions in a few seconds, and people will not be stupid enough to make wrong transactions continuously.

It can be said that the popularization and development of electronic disks has virtually increased the sensitivity of the futures market to news, making speculation more intense, a frost in Brazil will make the price of coffee rise, and a snowstorm in California will make the price of oranges rise, behind this change is the acceleration of the speed of information.

In the world Sioux City is familiar with, the electronic disk is the dominant force.

And Hirano Hidetomo also understood at once why Su Cheng announced the news at a quarter past ten.

Because at 10:30, the electronic market opened.

The market will regurgitate the news of Dahua Industrial, and this time, traders will chew more carefully.

……