572. Curse
When Ya stared at Mepida and said, "You can't do this!", now the USD/CAD is in a critical period, and it is about to skyrocket, but the bosses of the Bank of Montreal are actually going to retreat now!
At least more than $5 billion in profits await!
They actually want to close the position at this moment!!
I have been working hard day and night for so long.
"Dangya, your task has been completed!" Mai Bida calmly threw out another document and said: "In fact, your contract expired last month! The company does not plan to renew your contract at present!"
Adam looked at the document, suddenly understood, and asked in a deep voice, "Mr. McPida, what about my bonus?"
Last month, he was busy with the operation of USD/CAD, forgot about it, and wanted to wait until he was free to renew his contract, but he didn't expect to be so calculated now!
"Adam, I'm so sorry, our bonus is only paid to our regular employees! You weren't a Montreal employee last month! But we're giving you $2 million for your labor! That's what you deserve!" McPieda pulled out a check, put it on the table, and looked at Adam with a smile.
Adam immediately walked over, grabbed McPida by the collar, and couldn't help but say angrily: "You bastards! The profit is $2.5 billion, and according to the rules of the Bank of Montreal, I can get at least $100 million in bonuses! Do you want to send me away with $2 million?"
"Adam, let go!" McPieda still had a faint smile on his face, "You have to understand that this is my office! You're attacking the chairman of the Bank of Montreal, you know?"
"Two million dollars, it's for your labor fee, it's not your bonus, you're just a temporary job, you know?"
"Haven't I said it clearly enough?"
Adam glared at Mepida, then let go of him, pointed to Mepida's face, and said, "I swear, you regret it!"
"Then I'm looking forward to the day when I regret it, take this check and go, we'll take care of the rest ourselves, don't bother you so much!" said McBida smiling and patting Adam's shoulder.
After Adam really struggled, he held back the monstrous anger in his heart, picked up the check, and then got up to leave, not forgetting to look back and say: "I curse the Bank of Montreal to be bought one day in the future!
McBida smiled disapprerovingly: "Little guy, many people have said this, but the Bank of Montreal has always been the oldest bank in Canada! I still sit in this position," After speaking, McBida moved left and right, patted his boss's chair, and said to Adam: "Look, it's quite comfortable!"
"A terminally ill man who is about to die!" Adam finished speaking, and walked out of the chairman's office, he was about to take his personal belongings at the Bank of Montreal with him, but several secretaries came over, "Mr. Adam, your things, we have just packed them for you! Now you can't enter the trading room anymore!"
Adam took his things and felt humiliated and aggrieved like never before.
"You guys!!" Adam pointed to the secretaries and said again, "Let me in, I still have some things to pack!", after that, Adam was ready to force his way past them!
A secretary blocked his way and said coldly, "Mr. Adam, your things have been packed!"
"You !!!!", he clenched his fists, took a deep breath, turned around, and left angrily.
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At this moment, Brookfield Asset Management, the foreign exchange trading department, and all the traders looked nervously at the door of the trading room.
They weren't in the mood for lunch at all, and the lunch boxes on the table were now intact.
A trader sighed and said, "I wonder how Danny talked to our CEO this time?", threw the phone into the air, caught it again, and continued: "I really don't want to give up like this!, but the wind alarm line has been triggered, and only the CEO can make a decision!", now USD/CAD is oscillating around the 1.0920 position, they themselves are powerless, and now they are waiting for the CEO of Brookfield Asset Management to decide, whether to stop the loss, or continue to increase the position!
"Yes, I can't just give up, I'm really unwilling!" Another trader sighed, threw the mouse, and continued with a panicked face: "This loss is unimaginable, now there are fewer and fewer bulls in the market, if we close the position now, the USD/CAD will skyrocket, and we will definitely lose more!"
Now they have a long position of 6 million lots of USD/CAD, which is their biggest operation and the highest floating loss!
"Alas, what a regret, we shouldn't have increased our positions all the way!" another trader hung his head, closed his eyes, and said with great regret: "We increased our position in the loss, thinking that we could spread the position evenly, but we didn't expect the USD/CAD rally to be out of control! We really misjudged the situation!"
Recently they have increased their position by several million lots, but the USD/CAD pair continues to rise all the way, and they simply cannot suppress it. Now they have a short position of 6 million lots of USD/CAD, with an average opening point at 1.0800, and now USD/CAD is at 1.0920, which is already a floating loss of 120 pips!A total of $7.2 billion!!
It's a terrible loss!
"It's come to this point, we can't do anything about it, see how Danny talks to the CEO, whether to continue to resist, or admit mistakes, stop loss and close the position!" Another trader took a deep breath, looked left and right at everyone, and continued: "The loss of $7.2 billion completely exceeds our capital risk line!"
Their total capital is only $20 billion, and now they have lost $7.2 billion, which is more than 35% of the loss.
Another trader said with sincere fear: "Yes, if we want to continue to resist, we must add more funds to come in, and now we don't have much money in our account, if the USD/CAD skyrockets by more than 100 points, we may have to blow up!
Now the available funds in their accounts are less than $7 billion, and the USD/CAD will skyrocket by another 120 points, and their accounts will be blown up, and once there is no new capital replenishment, they will be crippled one after another, and once they blow up, the USD/CAD will skyrocket because of their liquidation, which is really terrible! I don't know how much will be left after the total capital of $20 billion is blown up!
Immediately, the crowd began to talk about it.