Wednesday, September 30, noon.

A polite Eton boy in a tuxedo school uniform hurried through the town of Windsor in the light of the autumn drizzle and cool breeze.

EtonHouse has a campus, but it's too old to be used for the most part.

Classrooms, dormitories, and canteens are scattered all over the place, blending in with the whole town of Windsor.

Students walk at least a few kilometres to and from each location to class every day, which the principal says helps students exercise.

This reminded Hall of a well-known "no-door" university in New York, which famously called the whole of Manhattan our campus.

A school without a gate? Who has no gate in a serious school, and those who don't have a gate can be called a serious school, two words - shabby!

"Hey, Mr. Hall, over here."

Hall pressed down the slot in his heart, looked up, and saw Mr. Monte, the account manager of the fund company with a Mediterranean hairstyle and a yuppie temperament, standing in front of a café and waving at him.

"Why are you here?" Hall quickly dodged into the café and took off his top hat.

"This way."

Monte gestured pleased, "I don't know why I'm here, in fact I was on Arsenal's trip to Liverpool last night when I received a call from Benjamin's lawyer, and I had a hearty win. And then today I made the first train back to London and came to ......"

"Sir, Your Excellency's time is precious, if you want to complain, you can change your colleagues." Lawyer Benjamin, who spoke with the same accent as the old butler, knocked on the table and stood up.

Hall couldn't help but glance at the lawyer, who had served the Hall family for nearly forty years, and thought, "The old man of this age is obviously from a fart background, but he pays more attention to aristocratic etiquette than himself, an orthodox nobleman." Tears in my eyes, my British people are really good people. ”

Monte spread out her hands and said nothing, and the three of them sat down.

"I'm sorry, I have five classes today, so I can only meet the two of you during my lunch break, so I don't mind if I stop by for lunch." Hall picks up two slices of toast and sandwiches it with some fresh blueberries in season, and it serves as a sandwich.

Benjamin smiled, and the wrinkles on his face became more and more profound: "The curriculum at Eton College is always so heavy, let me introduce the basic situation first:

His Excellency Hall has £2,000,000,000 and wants to make a short-term financial speculation, and the target we have selected after initial communication is to short the Dow Jones Equity Index in the United States. The Hall family has worked with your company for many years, and this time they still chose you. ”

Monte smiled, "Thank you very much Mr. Hall for your trust in our company...... Although I received the fax in advance, I still want to confirm, we are going to short the US stocks? ”

"Yes, because of the factors involved in overseas investment, there will be a lot of cumbersome procedures, so I want to operate through the channels of your fund company."

Hall, who has been thinking about how to short since getting the money on Monday, has few memories of the financial turmoil, limited to key points in the general direction of the U.K. stock market falling more than 20% and the U.S. stock market falling more than 30%.

At a deeper level, we don't know the specifics of which stock has fallen more than the broader market, and which financial products have the most profit margins.

Based on this premise, it is undoubtedly the safest choice to directly short the stock index, and further consideration, he knows a little more about US stocks than the UK stock market. At the very least, we know how the U.S. government responds to the storm.

Therefore, shorting the Dow Jones is his first target, with the London stock market as an alternative.

After deciding on this idea, Hall talked to Benjamin on the phone several times, and found that the details of the operation of the financial market in these years were very different from those of later generations, for example, he planned to short the Dow Jones ETF product, but this thing has not yet been invented.

So in addition, Monte was invited, and the professional work was left to the professional people, and he was only responsible for the mouth cannon.

With his hands on the table, Monte said thoughtfully: "Our company has the most complete channel to connect with its American counterparts, but I want to say that it is not a good choice to go short with the current market conditions. ”

"Thank you for the reminder, I didn't plan to enter the arena right now, I just prepared in advance and waited for the opportunity that could arise at any time." Hall replied indifferently.

Mont nodded: "Then which way do you want to short the Dow Jones index, there are many financial products to choose from: stock index futures......" He kindly reminded that it was out of professional ethics, since the stupid son of the aristocratic family insisted on spending money, it would be a bastard if he didn't make money.

"CFDs, I want to take advantage of a certain amount of leverage." Hall finished his lunch in two bites, took out a napkin and wiped his mouth.

Monte is puzzled: "CFDs have relatively high requirements for the amount of funds, at least tens of millions. ”

"That's why I'm cooperating with you, since you have the channel authority for CFDs, you must also have a way to turn 2 million into 10 million, such as overnight lending, trust financing or something." Hall's red mouth and white teeth fluttered lightly, and the former was stunned when he said a word.

A "CFD" is a financial derivative that is essentially similar to a gambling session that can be leveraged.

Because this thing is too risky, it only circulates between professional financial institutions and large customers, and in the London market, the 10 million list is the entry threshold.

Hall's implication was for Monte to find a way to borrow money from the market with his two million pounds as margin, scrape together 10 million, and then go short.

This is equivalent to a lever X weighing rod, and it is short, and the way is too wild. Monte didn't know how to reply for a moment, and silently interjected.

Lawyer Benjamin, who has been playing the role of "supervisor" perfectly, quietly observed, asked: "Is this an operation feasible and how risky is it?" ”

"Ah, feasibility? Let's do the math, first of all, if you want to meet the [CFD] investment threshold, Mr. Hall's £2 million must be raised at least four times.

Then [CFD] The current industry standard leverage is 5x, 4X5, 25x leverage. Leverage 60 million funds with 2 million. No, not 25 times...... Shet, 30 times! Monte was slightly emotional.

Hall corrected: "It's 4X10, I want the leverage of [CFD] to be 10 times, if it's only 5 times, there are too many derivatives to choose from." ”

"OK, 2 million leverages 110 million, 55 times leverage! In the case of a full position, the market only needs to fluctuate by 1 or 2...... Sorry, I'm not very good at math, but I guarantee that as long as the market fluctuates by 10 pips, you will be out of position. ”

Monte turned his head to look at Benjamin and said word by word: "Listen, it's not a liquidation, it's a liquidation." Not only did they lose all their own funds, but they also had to compensate for the losses of the institution. ”

Benjamin frowned, "Your Excellency Hall, we may not be able to carry out such an aggressive investment strategy. ”

"I didn't say that we should operate with a full position, short-term speculation is full of uncertainties, and we have to set aside enough available funds to deal with changes in the market." Hall explained.

Of course, he knows the risk of high leverage, but going short is not better than going long, and the profit margin is at most 100%. If you don't leverage it, 2 million of your own funds will earn hundreds of thousands at most.

If you don't seek to accomplish any lofty ideals, at least don't live up to your two lives in vain.

"The stakes are too high anyway, and if you insist, I'll have to report back to Lord Helena." Benjamin knew what his task was, and it didn't matter if Helena wanted to make two million pounds, he should just practice for his son.

can fart two million into one hundred million, often millions of profits and losses, which exceeded Helena's expectations.

"......" Hall sighed, he had said enough in the past few days, he was tired.

"Knock knock."

Outside the café's floor-to-ceiling windows, an Eton boy knocks on the glass.

Seeing this, Hall raised his wrist to look at the time: "Sorry, I have to go to class, so I'll be here first today." I don't have to tell my mom about it, she's on vacation and I'll reconsider. ”