Chapter 559: Oolong Finger
"In that case, then we are not in a hurry, let's rent a place to live first. ”
Dai Zhikang has an idea, he doesn't see Chen Qiaoshan, how can the two say that they are also business partners, he believes in each other's character, and some things can still be entrusted with confidence, "Dashan, you are familiar with people in Hong Kong, go back and help buy an extra set, and the house payment and intermediary fees will be calculated with you." ”
"That's fine, but you still have to make your own decisions about the location and price, and I'll help you get in touch. Chen Qiaoshan doesn't mind helping with this, but his brothers are settling accounts, let alone friends, and some things still have to be said in front.
"Okay, Xiao Yu is in Hong Kong, just let her make up her mind. Dai Zhikang didn't take it to heart, his career is in Yanjing, it is impossible to come to Hong Kong to live for a long time, buying a house is more of an investment, and it is not so particular, thinking of the purpose of this visit, he said: "Dashan, Xiaoyu is looking for an office location, and the intermediary has provided a few office buildings, do you want to go and see it and help give advice?"
Since he decided to fade out of the management, there is no need to point fingers, not to mention that he is interfering in the affairs of the branch, not to mention the disadvantages, if it is someone else, in front of Xu Xiaoyu, Chen Qiaoshan will not join in the fun.
Now that the Hong Kong property market is sluggish, the Hong Kong branch does not involve research and development, and Xu Xiaoyu will not be too outrageous.
Chen Qiaoshan said: "Don't look at it, just let Sister Xiaoyu take the idea, I have already said that I will not participate in the operation of Kangsheng in the future, and the branch will report to Liu Chang if there is a problem, and there is no need to ask my opinion." ”
Hearing this answer, Xu Xiaoyu breathed a sigh of relief, Chen Qiaoshan really didn't plan to continue to meddle in the company's affairs, so she undoubtedly had a lot less worries.
…………
Seeing Chen Qiaoshan again, the smile on Eliot's face couldn't be hidden, "Chen, you finally came to Hong Kong, I couldn't sleep all night because I missed you." ”
said, in full view of everyone, Elliot also wanted to give him a warm hug, but unfortunately Chen Qiaoshan rejected mercilessly, just kidding, there are few normal men in investment banks, especially these foreigners, he doesn't want people to misunderstand.
Chen Qiaoshan knows Elliott's thoughts, as a private financial advisor, in addition to a fixed commission, this option transaction can also get a large bonus commission, and this part of the income alone is enough to cover Elliot's annual salary.
The financial industry is very realistic, and there are customers only with performance, which is the only truth.
This option transaction is conservatively estimated to have a yield of more than five times, which is definitely more exciting than the bonus, which is also the fundamental reason why Elliot has been persuading Chen Qiaoshan to exercise his rights during this time, after all, no one can say for sure in the market, and it is money in his hand, otherwise it is just a few pieces of paper.
Last year, Hong Kong's new female stock god only invested more than 10 million US dollars in B shares and H shares, with a yield of 100%, creating a huge reputation, and also won the reputation of a female version of Buffett, but in comparison, it is not even as much as Chen Qiaoshan earned.
Chen Qiaoshan doesn't care about this, money is hard currency, he doesn't mind letting Eliot take up his name, he said: "Don't be busy happy, have you contacted Sumitomo Mitsui, they won't default on the debt, right?"
"How is it possible, with the endorsement of UBS, the Japanese do not dare to play tricks. Elliot was quite dismissive, "Boss, you can rest assured that as long as you get your signature authorization, the funds will arrive within three days." ”
Elliot was also a little happy in his heart, when he first negotiated the contract with Mitsui Bank, those people were very arrogant, and they almost treated him as a wronged man, but now it's good, the reality gave them a resounding slap in the face, maybe now in the past, the guy who sold this option may have been fired a long time ago.
Chen Qiaoshan nodded, there is no doubt about this, after all, with UBS on his back, even if the Japanese spit out all the money he made from China Aviation Oil, he could only admit compensation, "By the way, do you have a choice for the trader I want?"
Elliot hesitated, "Chen, UBS is the most professional private investment bank in Hong Kong, whether it is stocks, futures, bonds or prime brokerage, we can provide relevant services, you don't need to go to additional traders." ”
Chen Qiaoshan knew the other party's worries, it was nothing more than that he was afraid that he would find another way, and more than 10 million US dollars in cash proceeds would be put into his pocket, and even Goldman Sachs IMD's door would be knocked open.
"Don't worry, I don't have anything else in mind. Chen Qiaoshan hesitated in his heart whether to tell the follow-up investment and the inventory, and after a little pondering, he said: "Elliot, in addition to deducting those trust funds, the rest of this income is still put on the account for reinvestment, which you can rest assured." ”
Elliott was very surprised, UBS has a lot of high-net-worth customers, but Chen Qiaoshan is definitely the fastest growing asset among them, such customers must not let go, in order to keep people, even if the conditions are relaxed, it is feasible, the transaction of Tsingshan Forum, UBS only got Yan Xiaoqin's one million US dollars, and only went through the motions, and soon transferred to the account of the Yanjing branch, this time it did not disappoint him.
"Chen, I'll help you connect with the most professional investment research team right away, and what kind of trader do you need?"
There are also different types of traders, not a single trader can handle all trades, stocks, futures, bonds, options...... , how many financial derivatives, how many types of traders, the same crude oil futures market, a large single position opening or closing process, ten people have ten results, how to stabilize the position or close the position to maximize the benefits, than not only trading experience and vision, but also psychological quality and professionalism.
In '98, UBS sold 100,000 futures contracts on the French derivatives exchange, resulting in a loss of millions of dollars, which was later found to be a mistake for a very frustrating reason, but the trader mistakenly touched the shortcut to sell quickly on the keyboard.
This is an execution error, there is a professional term called oolong finger, and there are many similar cases in the financial industry.
In 05, Japan's Mizuho Securities once sold a huge amount of short orders for a certain stock because of the oolong index, and directly hit the stock price to the fall limit, which caused panic in the market, and a large number of retail investors followed the trend and sold.
The strange market can not hide from everyone, some institutions speculated that it should be out of the oolong finger, so they bought a lot, the result was very sad, Mizuho found that there was a mistake, and the transaction could not be reversed, in order to reduce the loss had to buy back a large amount, although most of the sell orders were snatched back, but in the end it still lost 40 billion yen.
Even if the yen was not valuable, at that time, 40 billion yuan was converted into 2.6 billion yuan, and this incident also triggered a lawsuit that lasted for ten years, and the impact was not small.
According to the final investigation, UBS, Da Mo, Lehman, Credit Suisse and Nomura Securities became the biggest beneficiaries of the Mizuho Oolong Index, earning more than $100 million from it.
There are many such things abroad and at home, and the most famous is the Everbright Oolong Finger.
On August 16, 13, Everbright Securities made an oolong index, resulting in 59 heavyweight stocks instantly sealed in the daily limit, including the domestic petrochemical duo, the Shanghai Index suddenly soared by 100 points, the outcome was very disastrous, Everbright Securities direct economic loss of nearly 200 million, the market value evaporated within a week, and also received a fine of 500 million yuan, with a cumulative loss of more than 8 billion.
The lesson is painful, Chen Qiaoshan knows very well that he has no ability to operate the market himself, he can only find a qualified trader, after all, it is a contract of tens of millions of dollars, if he comes back, he will lose a lot.
"Elliot, I want two traders who are familiar with crude oil futures, remember, senior traders, but also a risk control, money is not a problem, commissions can be talked about openly, but personnel must be reliable. ”
"Crude oil futures?" the surprise on Elliot's face flashed.
It's enough to bet on options, Chen Qiaoshan is now going to do crude oil futures, and Elliot is a little weak-minded, which is too aggressive.
UBS is a risk-averse bank, especially its private asset management department, which prohibits most of the high-risk business, although it provides a variety of asset allocation, but it is carried out under the premise of ensuring the safety of customer funds, and the proportion of medium and high risk is controlled very low.
Two senior crude oil futures traders, one risk control, and the support of the investment research team, this is certainly not an ordinary investment portfolio, thinking about Chen Qiaoshan's previous investment style, Elliot feels very headache, this guy should not bet on crude oil futures, right?