If Chen Qiaoshan continues to be bullish on the trend of international crude oil, there is no need to end the option contract at this time, after all, the rise and fall of one cent is related to the income of tens of thousands of dollars, so the result is not difficult to see.

Elliot asked, "Chen, are you going to short crude oil futures?"

"Yes, there is a plan. ”

Chen Qiaoshan did not deny it, the matter could not be hidden, and UBS has a perfect confidentiality clause, so there is no need to worry about things going wrong in the middle, the most important thing is that the crude oil futures plate is big enough, and it is not something that can be affected by any news.

Elliott knew that risk warnings had little effect on Chen Qiaoshan.

At the beginning, the option contract was obviously a pit, but this one insisted on jumping in, and as a result, Chen Qiaoshan won the bet, and now he wants to go short again, and he has made such a big battle, obviously he has made up his mind.

It was useless to say more, and Eliot consciously extinguished his mind of persuasion.

He reminded: "Chen, we have a special investment custody business, and the traders are all senior traders, the security of the transaction is sufficient, and the cost is low, it is definitely more cost-effective than spending money to hire someone." ”

Chen Qiaoshan didn't change his mind, he pressed almost all the funds this time, how could he rest assured that he would manage the transaction, even if he had to pay an extra penny, he would not save, even if it was just to accumulate experience, it was worth it.

"Needless to say, just do as I say. ”

Chen Qiaoshan made a final decision, the customer has a request, even if he has a different opinion in his heart, Elliot can only do it.

………

Chen Qiaoshan made a rare handful, and he chartered four sets of rooms on the executive floor as the base camp for this speculation.

The reason why I am here is to seek peace of mind.

Although Chen Qiaoshan has no experience, he always has to rest assured that he is always looking at it personally, and this investment is really nothing compared to the expected returns.

Elliot is still very reliable, and he has sent several resumes in a row, all of which are senior traders at UBS, for selection.

Regarding the safety of hundreds of millions of funds, Chen Qiaoshan still attaches great importance to it, he calmed down and watched it for a while, but found that it was not the case at all.

With Chen Qiaoshan's half-baked level, how can it be possible to distinguish these financial dogs based on their resumes, but these people have one thing in common, the commission is too expensive, and it has seriously exceeded the budget.

According to the model contract, in addition to the fixed commission, there is also a performance bonus of 1% to 3%.

Chen Qiaoshan asked himself if he was not a stingy person, but according to this calculation, the cost expenditure was nearly one million, which is still US dollars, such a large sum of money, it hurts to think about it.

Although Chen Qiaoshan hesitated, he finally made up his mind, although he mastered the trend, but the trader is indispensable, even if it is just to spend money to buy peace of mind, this money cannot be saved.

…………

On October 12, the option contract with Sumitomo Mitsui was successfully completed.

The spot settlement price of crude oil on the same day was 54.17 US dollars, a gap of 1.5 US dollars from the peak.

According to this calculation, after deducting various costs, the net profit was 15.7 million US dollars, which was more than seven times the profit compared with the investment of 2 million US dollars.

On the evening of the same day, the Nikkei evening magazine was the first to publish a short message:

Sumitomo Mitsui Bank Corporation suffered a huge loss in crude oil futures contracts, with a loss of nearly 2 billion yen, and it was learned from sources that the trading partner was the Hong Kong branch of UBS.

The news was short, but the repercussions were not small.

Sumitomo Mitsui is the second largest commercial bank in Japan, but at the beginning of 03, its bad debts were as high as 48 billion US dollars, and the margin capital adequacy ratio even reached the minimum standard, which is very dangerous.

At the same time, Japan's Financial Services Agency suddenly stepped up the reform of banks' bad debts, announcing that it would assess the value of banks' loans according to stricter American-style accounting standards.

In this context, the outbreak of large losses is undoubtedly a hot topic in the Japanese media, and it is reasonable to be targeted by the media.

……

Capital knows no borders, and at the same time as the Japanese media broke the loss, Yahoo Hong Kong also reprinted this financial news for the first time, and for a while, the news quickly spread in the Hong Kong financial market.

In recent years, it is rare for the Hong Kong stock market to raise more than HK$1 billion, and US$15 million is enough to stir people's hearts.

There is no shortage of people who eat melons anywhere, and this speculative transaction quickly became a hot topic, and those who know and don't know basically know it.

"Chen, you are the craziest speculator I have ever met. Elliot held a bottle of champagne in his hand, looked at Chen Qiaoshan, who was staring at the TV and watching the financial news, and said a little helplessly: "It is also the most boring speculator, winning such a big victory, and even not having a party to celebrate, but nesting in the hotel, this is too terrifying." ”

Chen Qiaoshan smiled: "Why didn't you celebrate, you should know, I don't have a special hobby for wine, but the champagne in your hand was specially prepared for you, how about it, it's interesting enough, right?"

Elliot gave a look of disdain, "You have enough money in your account to buy a big house in Repulse Bay, and you care about a bottle of champagne?"

Chen Qiaoshan shook his head and said: "Eliot, there is an old Chinese saying that courtesy is light and affection is important, and price is not the key, the key is this heart. ”

Seeing the bewilderment on the face of the high-nosed foreigner, Chen Qiaoshan didn't care, and said: "And this is just the beginning, it's not time to celebrate yet." ”

Elliot had a headache, who would have thought that in the face of such a huge sum of money, even the Hong Kong financial community was shocked, but the person concerned stayed in the hotel for a few days without going out.

"Chen, what the hell are you planning, is it time to tell me?"

Chen Qiaoshan smiled: "Tell you, can I trust you?"

Elliot argued: "God, I have explained many times, UBS has a perfect confidentiality clause and will never disclose customer information, this time it was leaked by Sumitomo Mitsui's internal personnel, and it has nothing to do with us." ”

"Really?" Chen Qiaoshan casually threw over a few financial magazines, one of which had a photo of Elliot printed on the cover, no need to ask, there must be an interview with this guy inside.

Normal commercial promotion is just that, the more celebrity agents want to increase their exposure, especially in the stage of career growth, which is understandable.

Chen Qiaoshan didn't have much of an opinion on this, but he didn't show it on his face.

There are two sides to everything, and the next thing is the most important thing, and he doesn't want Elliot to lose his sobriety by indulging in false performance.

Seeing the stack of evidence, Elliot was also a little embarrassed, and it was nothing to brag, but in front of Chen Qiaoshan, he couldn't continue to maintain his calmness, "Chen, it's indeed a little inappropriate to do this, but I have strictly followed the terms of the confidentiality agreement and have not disclosed the slightest information about you, which you know." ”

"Elliot, I don't mean to pursue it. Chen Qiaoshan reiterated, and then said: "But don't forget our agreement, before the 16th, the futures team must be set up." ”

Elliot took a sip of his glass, then promised, "I promise, it will be done by the 16th." ”

He knew that the humble gentleman in front of him was not as kind as he seemed on the surface, and those who could have this self-control in the face of huge wealth would definitely not be a simple person.