Chapter 27: Crazy Arbitrage

Back to the Future is a science fiction film directed by Robert Zemeckis.

by Michael S. Starring J. Fox and Christopher Lloyd, it was released in the United States on July 3, 1985.

The movie tells the story of Dr. Brown, a high school student, who travels back in time from 1985 to 1955 in a time machine after being killed by terrorists, and meets his father in an attempt to change the future.

Chen Weidong did not know his identity, which has caused a lot of speculation.

I didn't know that Lin Zeju almost guessed his true identity.

Since there is no concept of "rebirth" in this era, people's imagination is only limited to time travel in movies.

However, according to Chen Weidong's character, even if he himself knew, he would probably shrug his shoulders at most, raise his eyebrows and say, "So what?" Do you have proof? ”

The cold wind of 1996 blew.

After a short get-together, Chen Weidong and the third uncle immediately threw themselves into a new job.

"Infinity", also a new calendar.

Relying on the reputation in the industry last year, after several expansions, the number of companies has finally increased to more than 30 people.

Most of them are traders screened by Li Xier and reviewed by Chen Weidong.

Affected by RB's divestment, a foreign trade company downstairs collapsed, and Chen Weidong rented two more floors.

Now the seventh, eighth, and ninth floors of the Antlers Building belong to the "infinity" company.

Not only that, the company has also set up many new departments, such as: "Investment Department, Fixed Income Department, Asset Management Department, Finance Department, etc....."

It was also from this year that the company really moved towards regularization, bidding farewell to the era of "leather bag company" and the commander of the light pole.

"Mr. Chen."

"Mr. Chen..."

....

Walking through the card slot in the office area, Chen Weidong nodded.

Now the ninth floor is the exclusive office area of the company's management.

For example, the one I just met is the "trading director" "Feng Yiwen", who is responsible for formulating trading strategies and the operation of the entire fund.

Master of Finance from Xiangjiang University, born and raised in Xiangjiang.

Originally, Chen Weidong wanted Lao Liu, "Liu Jianping", to hold this position.

But this old man rarely comes to the company, so he can only use Lin Zeju's connections to directly transfer a management with good ability from Fang Yi Securities to be responsible for the training of new traders here.

In addition to these, the company has now added several analyst positions.

Their daily job is to analyze both technical and fundamental parts.

It is mainly responsible for the analysis of the industry, individual stocks and the market, and gives the conclusions to the following traders, and then customizes a reasonable trading plan.

Chen Weidong is definitely the most professional in this regard, but he can't do everything himself, he will definitely be tired to death.

……

The year came to February 1997.

Soros, along with other international hedge funds, began a tentative attack on the long-coveted Southeast Asian financial markets.

They borrowed up to $15 billion in forward baht contracts from Thai banks.

Immediately afterward, they began to sell the baht on a large scale in the spot market, causing the baht exchange rate to plummet, triggering a huge shock in the financial markets.

The stock market also accelerated its decline.

This is the first time that there has been a large-scale selling of Thai baht in the market.

As a result, the Thai baht fell to its lowest point against the dollar in 10 years (26:1).

It's just that the Bank of Thailand quickly invested $2 billion to stabilize the situation, leaving the quantum fund in vain......

Meanwhile.

Chen Weidong sat in front of the computer, watching the rollercoaster of the Thai stock market.

After more than four months of decline, the Bangkok Thai Stock Exchange Index has fallen from 1,100 points to 664 points, which can be described as a bleak one.

Chen Weidong previously raised $3.5 billion through 7 times leverage.

Since stock index futures trading implements a margin system, as long as you pay 20% of the margin, you can open a contract.

Chen Weidong opened a total of more than 50,000 futures contracts to short the Thai stock market.

If you have a contract and the Thai Stock Exchange Index falls by 1 point, you can make 300. (Here the transaction is calculated directly in US dollars)

In just over four months, the Thai Stock Exchange Index has fallen by more than 430 points.

With more than 50,000 futures contracts, removing all costs and handling fees, Chen Weidong earned more than $3 billion in this wave alone.

Soros's Quantum Fund smashed the plate in front and attracted all the firepower, while he hid behind his back and secretly ate meat.

What could be cooler than that?

According to Chen Weidong's estimates, Soros will make a billion dollars at most this time.

And he is several times more than him.

Only a traverser like Chen Weidong knew the trend of the Thai stock market in advance and dared to carry out such a desperate operation.

In the eyes of others, it is a risk, a gambler.

In his eyes, it is an opportunity to make sure that he is making money.

......

"What happened when the company suddenly had an extra 24 billion funds on its account?" Li Xier broke into Chen Weidong's office directly.

Originally, she was checking the accounts of the computer company, but she found that the company's accounts suddenly had a few extra digits, which frightened her a lot, and she hurriedly ran over to ask.

"I've earned it in the last few months, what's wrong?" Chen Weidong raised his head and looked at Li Xi'er.

Recently, she has changed her hairstyle and tied up a high ponytail, which not only looks much more capable, but also seems to have improved her appearance a lot.

"Are you here to grab money? How long did it take to make more than 20 billion?! Li Xi'er blurted out in fright, and her little face was full of shock.

"Shh~"

Chen Weidong made a small gesture, then walked straight to the door of the office, closed the door gently, and frowned: "As for yelling, haven't you seen money?" ”

Li Xi'er glanced at him, and said angrily: "Yes, yes, Mr. Chen is really a big mouth, and he doesn't care about tens of billions of dollars." ”

"Hehe, it's still far worse than your family, and we are at most the nouveau riche level." Ignoring her yin and yang weirdness, Chen Weidong sat on his desk and chuckled.

Li Xi'er pursed her lips and said, "How did you earn it, tell me about it." ”

"This can be there."

Subsequently, Chen Weidong briefly explained the whole process of exchanging himself for US dollars, then shorting the Thai stock market, Soros selling Thai baht, and retreating with his whole body.

"Wow."

Li Xi'er's beautiful eyes continued when she heard it, and the saliva at the corner of her mouth was about to run down, like that.

"Ahem, pay attention to the image." Chen Weidong reminded awkwardly.

"I'm sorry, I ......" Li Xi'er's face turned red, and she wanted to explain.

It was rare to see her ugly, Chen Weidong couldn't help but joke: "Although I'm very handsome, you don't have to be a nymphomaniac in broad daylight, right?" ”

"Che, I'm just surprised that you could have known in advance that the Thai stock market would fall so much." Li Xi'er wiped the saliva from the corner of her mouth, and said with some weakness.