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Chapter 457 Just do this
"According to Mr. Lei's request, I have prepared an entrustment agreement. You can take a look at it first." Xi Mannuo took out a document, endured the fluctuation in his heart, and handed it to Lei Hao.
This is a CFD trading entrustment agreement, which also includes entrustment relationships for other securities. Many of the terms are standard. Lei Hao is concerned about the margin ratio.
In foreign exchange transactions, the margin ratio given is 1%, which is not high, but the most important thing is that what Nick won for him was that Keda would not ask for additional amounts before the entire margin was lost.
This is what Lei Hao values.
Anyone who speculates in foreign exchange should be able to see that there are CFD contracts for sale on basically every platform. Perhaps many people have also been exposed to it. When you buy these contracts, the most optimized part is the actual trading volume of the market. no change.
"It's the same as we agreed." After reading the contract and asking Chris who rushed to the scene to read it again, Lei Hao took out his pen and was about to sign.
"I need to remind Mr. Lei that by signing this contract, not only LEI, but also the Thunder will be affected." Xi Mannuo made a final effort and said: "This is not a contract with normal risk control."
"I have 100 million." Lei Hao looked at this Chinese compatriot, shook his head, and said: "Say more, don't say more, say a lot less, this kind of contract is what I want."
After finishing speaking, Lei Hao directly signed his name and handed it to Xi Mannu. After the latter returned to Keda and opened the corresponding channels, the commission would be officially effective.
"Then I'll go back to the company and put the contract on file first, so I won't disturb Mr. Lei." Xi Mannuo said politely, but his heart was agitated.
After she left and Chris walked out of the office, Leo asked: "We only do CFD?"
"For the time being, yes." Lei Hao said.
"Why? We can do what we did last time. There are many ways to trade foreign exchange." Leo said.
Lei Hao shook his head and smiled bitterly: "I don't think the trading volume of RMB futures will be as large as last time."
The last time the extremely important non-agricultural data was released, it caused violent fluctuations in the US dollar. Coupled with the fueling of various countries, the market became extremely active. Now...
Just look at the daily trading volume of Hong Kong Island RMB futures, which is more than 17,000 lots. Multiplying both sides by 2, and then multiplying by the figure of US$100,000 per contract, the daily trading volume of the entire Hong Kong Island RMB futures is US$3.4 billion.
is it a lot? It’s not much, because the margin of the Hong Kong Island RMB futures contract is 1.24%, which means that more than 400 million actual currencies can complete all-weather trading volume.
Even if seven RMB futures markets including Chicago, Europe, Singapore, Taiwan, South Africa, Moscow and Brazil are added, this number is not an exaggeration. Taking into account other products, including foreign exchange margin trading platforms, normal exchange activities, foreign exchange Among the trillions in the market, RMB does not account for a high proportion.
"This situation is quite special. We don't do ultra-short-term technical arbitrage, we just do short-term entry and exit." Lei Hao said, "If you want to get this contract with Keda, you have to make full use of it."
On the other side, Xi Mannuo returned to Keda, Hong Kong Island with the contract she signed with Thunder, and filed the documents. After connecting to the agency platform, some sweat broke out on her forehead. This was due to tiredness and worry.
The account system was officially activated. Lei Hao also received text messages and phone calls to remind him. After looking at today's exchange rate of 6.5467, he went to have lunch and rest without thinking.
As for the magical RMB, it either doesn’t move, or the branches tremble wildly when it moves. Once the branches tremble, it’s time for the Central Government to come out to clean up the scene. Therefore, experts who speculate in foreign exchange rarely touch the RMB, because the technical indicators of this thing are Varieties with lower reference value.
Lei Hao doesn't want to open a position now, and the reason is very simple. The exchange rate of the US dollar against the RMB has just risen by 3 points, and there will still be a small period of appreciation.
It was not until the afternoon that Lei Hao cheered up and asked Leo to place a CFD at the price of 6.5460. The RMB, which was on the appreciation channel, was very hungry for these contracts. There was enough betting on the Keda platform without even needing traders to take action. Intention to offset this batch of orders.
"Buy CFD on the RMB exchange rate, hehe." Leo was there to help with the operation, but there was a funny and proud smile on the corner of his mouth.
Lei Hao's direction is to sell the contract model of converting U.S. dollars into RMB. That is, assuming that he exchanges RMB for U.S. dollars and is optimistic about the depreciation of RMB against the U.S. dollar, his opponent is someone who is optimistic about the appreciation of RMB against the U.S. dollar at the same price.
No one went to the exchange rate futures market to trade. Almost all orders were handed in from various small and medium-sized foreign exchange platforms that interfaced with Keda. These orders were called abooks. Those who did not sell them out and ate them themselves were bbooks.
In addition, Keda has cooperation with almost all major institutions, so any product related to the RMB exchange rate will be displayed here, including all markets.
"Retail investors' orders, institutional orders, hedging by large companies, and even the courage of government departments. When will Thunder have such a platform? Even if I don't have future information, I can still make money." Look. Lei Hao muttered as the data jumped.
As the world's largest financial institution, Keda's platform is indeed invincible. If Thunder is compared to a small puddle, Keda is the sea.
"Lei, the transaction rate has decreased. It is now 6.5458, which is an increase of 2 points." Leo stretched and said, "Do we need to change the contract?"
"No, just buy CFD." Lei Hao shook his head.
"But, there is not enough intention." Leo said.
"That's why I let you build a position here." Lei Hao joked: "Leo, be careful, you now have all our early funds in your hands."
"I haven't successfully resigned from the head office, so, you know." Leo said with a smile, but he was completely serious in his heart.
In the small office, the atmosphere began to become a little solemn.
Lei Hao came out with 100 million US dollars. His first operation was in the foreign exchange market. Losing the money would not hurt his muscles and bones, but he could not afford to lose face.
The entire Thunder Investment is watching, all investors are paying attention, and the surrounding tigers and wolves are looking around. If there is a loss, the chain reaction will not be small.
Moreover, Lei Hao needs money to recruit personnel and improve LEI's organizational structure. He also needs money to participate in the vast international market. When the money invested by Thunder is barely enough for its own development, this 100 million cannot be lost. rise.
Not only could they not afford to lose, but in order to make enough profits, only Lei Hao and Leo, who was in charge of trading, knew that the way they bet might be surprising.
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