The attack on the Thai baht is divided into two markets, the spot market is the main market, and the futures market is supplemented. This is determined by the nature of both, because once the Thai baht depreciates, the position sold through the spot market will immediately make a profit, while the futures market is also the same, but due to liquidity, future expectations and other issues, the actual return may not be as good as the spot market.

However, the influence of the futures market is no less than that of the spot market, because of the leverage, a small amount of capital can leverage ten times or even a hundred times the contract, so the price of the futures market has a huge impact on the spot market.

Moreover, with the offshore call rate still high, the futures market has naturally become the main battlefield for international speculative funds, after all, not everyone has locked in interest rates before the BOT announced the increase in interest rates, as Quantum Fund and Tianyu Fund did.

"Sure enough!" At this time, the weather is clear and cloudless, and a large expanse of strong sunlight shines directly into Zhongshi's office, making people drowsy. Zhong Shi was half-lying on the table and chair, sliding the mouse a little boredly, but his mind was full of Yuan Yuanzhi's shadow. Just when he was thinking nonsense, the market software on the desktop suddenly flashed a dazzling red, and then the alarm sounded dripping, which was his pre-set warning, and it would automatically alarm when the Thai baht fell to a certain level.

Seeing that the program worked, he immediately sat up straight, stared intently at the computer screen, and swept the number of sold lots, transaction amounts, pending orders and other data into his eyes line by line, and calculated quickly in his heart. At that moment, the door of his room was abruptly opened from the outside. Andrew appeared in front of him sweating profusely, and shouted a little breathlessly: "The Thai Baht has been attacked violently, and it is almost close to the line." ”

Although Zhong Shi's office is never locked during working hours, anyone can come in, but generally only Andrew and Liao Xiaohua can often enter and leave this office, and the other employees have a very tacit understanding and will not come here until the last resort.

Zhong Shi nodded and said, "I have already found out here, such a fierce attack exceeded our expectations, it seems that the United States has struck again." ”

At this point, after a few days of selling around the clock. X-Spatial has a position of less than 30 billion baht. Converted into dollars, that's a little more than a billion dollars. This part of the position is already very small relative to the share sold, and it can be said that Zhongshi's short position has been fully established.

After a pause, Zhong Shi continued, "It's a good time for us right now. It is believed that such a violent attack will definitely cause a reaction from the market. The BOT side will also snipe with all its might. There's a good show to watch. ”

Andrew scratched his head, thought about it again, and suddenly said, "What about us?" ”

"We?" Zhong Shi glanced at Andrew with interest. He reprimanded with hatred: "Of course, we will continue to short, sell all the Thai baht we have on hand, I want to see how long BOT can last!" ”

When he said this, his tone was cold, his face was gloomy, and the whole person exuded a kind of domineering self-sacrificing. Andrew was stunned, and then shook his head, but in his heart he didn't think so, it was just a defeat of a central bank. Not to mention the central banks of Asian countries, even the Bank of England, which has a history of more than two hundred years, has been defeated by hedge funds.

"Don't you think beating a central bank is nothing?" Zhong Shi glanced at Andrew, saw the disdain in his eyes, and asked lightly.

Andrew nodded and said casually: "Didn't we beat the Central Bank of Mexico before, and I made a lot of money in the Brazilian stock market, which is really proud to say." ”

At the end of 94, Zhong Shi did his best to use leverage to sell the Mexican peso in the foreign exchange market, which led to the instability of the peso currency to a certain extent, and finally forced the Mexican government to announce the expansion of the range of fluctuations, which in turn triggered a panic of foreign capital in Mexico, and a large-scale exodus. This is also one of the few glorious achievements in Andrew's investment career that he can be proud of.

Of course, Andrew was very suspicious of Zhong Shi's deployment afterwards, and Zhong Shi could only tell him the whole process of the attack as it was, explaining that this was the result of his analysis. When Andrew heard that the depreciation of the Mexican currency that shocked Shijie was actually caused by Zhong Shi, he was not surprised by the chain decline in the stock markets of Brazil, Argentina and other countries.

This time, when he heard that Zhong Shi was going to repeat his old trick again, he was naturally a little unimpressed.

Seeing him nodding, Zhong Shi pursed his lips, shook his head, and said: "Southeast Asia is different from Central America, there was a currency crisis in Mexico, and then the United States, together with the IMF and other countries, provided timely assistance, and without putting forward too many strings, the regional currency crisis was stabilized in the shortest possible time. This time, the United States will not aid Southeast Asian countries, although the IMF and Shijie Bank will not sit idly by, but they will certainly take advantage of this to put forward a lot of harsh conditions, which are completely different in nature. ”

Andrew's mind is all about the free economy of the West, and he doesn't actually know much about the Southeast Asian market mixed with complex political factors, and Hong Kong is also known as the freest market economy in the whole country, so he has no interest in studying the complex economic situation of Southeast Asian countries. ”

"You'll find out later!" Zhong Shi sold the pass, then got up and walked outside, saying as he walked, "Let's get out quickly, I'm afraid the researchers outside are in a hurry." ”

Andrew, who came back to his senses, remembered the purpose of his coming, and hurriedly followed Zhongshi out.

"The current quote is 25.97, which is almost to the floating border. The futures market has fallen below 26, and the current quotation is 26.03, which is obviously not optimistic about the market outlook. When Zhong Shi's figure appeared in the trading room, Ma Jiarui immediately said quickly.

It was during the time that Andrew and Bell Stone were talking. The spot price of the Thai baht was another one basis point lower, and it was clear that the market sellers overpowered the buyers, causing the exchange rate level to fall further.

Zhong Shi nodded, didn't say anything, looked up at the researchers around him, and found that they were all looking at him, their eyes were very complicated, including puzzlement, confusion, inquiry, but more eagerness.

At this moment, someone shouted: "The futures side has taken action." The previous dive was smoothed out. It rose to 26 at once, and looking at this strength, it must be a BOT entry. Everyone quickly retracted their eyes, switched the interface to the Thai baht futures contract, and found that a long green line had risen as expected. Almost in the blink of an eye, the quote was pulled up to the level of 26.

In this case. It has the ability to pull the baht level to this level in such a short period of time. I'm afraid there is only one BOT in the market.

Everyone thinks so, and Zhongshi is no exception.

"The price of the spot market has also risen!" Almost at the same time, researchers monitoring the spot market shouted. Everyone switched back to the spot market and found that the Thai baht exchange rate, which had fallen just now, had also risen by two basis points, and the instant quote was 25.95, returning to the level at the beginning of the previous attack.

"It's time for us to do something!" Ma Jiarui saw that Zhong Shi hadn't given a trading order for a long time, and couldn't help but be a little anxious, "At the current price, as long as we buy low and sell high for a few round-trips, we can consume a considerable part of BOT's funds." ”

"No!" Zhong Shi categorically rejected his proposal, "We will directly open the quotation to 26, let the market know our ultimate goal, and stop entangled with BOT!" ”

As soon as this remark came out, everyone was shocked. Although everyone understands at this time that the ultimate goal of Zhongshi is to collapse the Thai monetary system, the problem now is that no one knows when the Thai baht will collapse, and they are willing to use this form of buying low and selling high to repeatedly arbitrage, consuming the funds of the Bank of Thailand like a knife, and finally depleting the BOT step by step.

But now Zhong Shi's statement is completely contrary to most people's thoughts, he is naked in one step, all the remaining baht is sold, and it is the lowest price of the floating limit, which means that it is impossible to buy back the baht at a low price, and can only wait for the baht to depreciate.

Although Zhong Shi said that the foreign exchange reserves of the Thai side are not as much as they claimed, in fact, no one knows how many foreign exchange reserves the Thai side has now, and they do not know whether they will be defeated today, so Zhong Shi's order is still uncertain.

This kind of uncertainty is a risk in the market, although this risk is only a few days of interest, but there is also a potential exchange rate risk, although it is unlikely.

"Do you want to think about it again?" Everyone's eyes looked at Andrew and Ma Jiarui, they knew very well that Zhong Shi could hardly listen to most people's opinions, and usually only Andrew had a few words with him, but recently Ma Jiarui was obviously favored by Zhong Shi, so they also counted Ma Jiarui as a member who could speak.

Andrew's face changed when he saw everyone's eyes, and then he turned his head away, pretending not to see anything, and he looked like he didn't care about himself, obviously not intending to express his opinion.

Ma Jiarui had no choice but to persuade Zhong Shi hard.

"No need to persuade me, I've already decided, you just wait and see!" Zhong Shi turned a blind eye to the researchers' eyes, nodded to Ma Jiarui, and said slowly. Although he is facing Ma Jiarui, almost everyone knows that this is said to everyone.

"When the Thai baht announces its abandonment of the fixed exchange rate system, I will explain the reason to everyone. Now, all you have to do is steadfastly obey the order and get started! Seeing that everyone still didn't react, Zhong Shi shouted categorically, his tone was categorical, and there was no room for bargaining.

Seeing that Zhong Shi's attitude was so resolute, everyone could only suppress their dissatisfaction, and one by one they returned to their positions and began to sell Thai baht at the lowest price, and at the same time began to suppress the momentum of the rebound of Thai baht contracts in the futures market.

Seeing that they started to do things, although he knew that they were sulking, Zhong Shi didn't care at all, glanced around slightly, and saw Liao Xiaohua sitting upright on the seat, his head swinging up and down like a chicken pecking rice, he couldn't help but move in his heart, and quietly walked in front of him, ready to tease him.

Recently, Liao Xiaohua has been very tired, in addition to being busy with the board of directors of Huade Real Estate, he also has to work on the side of Tianyu Fund. In addition, Liao Chengde also asked him to help from time to time, and he was ready to persuade Liao Chengde to let him hand over the trading company to a professional manager, after all, Hong Kong was about to return.

Just when Zhong Shi was about to draw a turtle on Liao Xiaohua's face with a signature pen, Andrew suddenly appeared beside him, and said with a somewhat ugly face: "There is a little situation on my uncle's side, and I want you to rush over as soon as possible." ”

Hearing that Zhong Jianjun and Liu Lan were in a situation, Zhong Shi's heart shook violently, his hands trembled, and he accidentally stabbed the pen into Liao Xiaohua's face for half a minute, and only had time to draw half a turtle, which woke Liao Xiaohua up. (To be continued......)

PS: Thank you for waiting for the mooring wind, wangxueliang for the monthly ticket support! Thank you for the reward from the Demon Dragon Battle Ghost!