Future chat group

Lei Lei's increase in position immediately made everyone excited.

Short selling at the 19350 position. Due to the particularity of stock index futures, short selling the Nikkei 225 is equivalent to suppressing the price of those 225 stocks.

What concept? If you sell a contract at 19350, and the spot price is 225 stocks, the weighted index is 19370, then it means there is 20 points of arbitrage room.

Arbitrage funds will take a contract at the 19350 point, and then sell the corresponding spot in the stock market at the same time. If there is a surplus minus the price difference minus the handling fee, this operation is unlimited.

Then the stock will be sold off and the stock price will decrease.

Therefore, as long as you dare to provide price differences, the funds for stock index futures are unlimited in the long term but limited in the short term.

Under this premise, bulls still have a choice. One is to take the trading order, but to wait for short positions and arbitrage funds to suppress the index and wait for a lower position to open a position.

However, as a short seller, the Thunder will not be stupid enough to lower too many points. It will stop moving at 19300 and directly accumulate its energy here.

Hong Kong Island, Thunder, Trading Department.

Leo and Tao Liyu had expectations on their expressions. Lei Hao's reaction was actually not beyond everyone's expectations. When had his boss ever given up? Since your debut, when has your style not been tough?

Now we are waiting to see if the bulls will take over, and there is another question, who will take over.

If third-party funds are brought in, it will naturally not be a good thing for the Thunder. If it is the original opponent Mizuho, ​​then it will have something to play with.

"I hope it's Ruisui, I hope they dare to take over." Leo muttered, his heart racing.

Tao Liyu was also a little nervous. If you operate with large amounts of money, everything will come to nothing if you don't have enough capacity. If you want to sell, someone has to buy it.

When Lei Hao said to place an order, everyone placed an order. Everyone believed in his judgment, but when something comes, nervousness is definitely inevitable.

"YES, 19400, one thousand lots, deal!" Suddenly, the data on the screen jumped, and Leo shook his fist fiercely, "I knew they were sitting on the home court and wouldn't be afraid of us! Mizuho is sure To take over, they won’t give up possible profits!”

It is very comfortable to be a bull with home field advantage. You don’t have to think about anything, just buy and buy. As long as you have enough funds, you will almost never suffer losses.

However, short selling is a job that requires off-site strength. There must be corresponding bulls to take over, and you must withstand the suppression of the ceiling.

Of course, everyone in the industry knows one thing, that is, it is difficult for a ceiling to appear. With the total market value of the Japanese stock market in the trillions, and many stocks in the Nikkei 225 accounting for a large proportion, will there be a short ceiling? Absolutely impossible.

Yangcheng, Lei Hao, watching the data on the computer screen beating, watching the position explosively growing at a rate of two thousand lots per minute, Lei Hao thought to himself based on the future information: "The bull must be Mizuho!"

It can only be Mizuho. If it were someone else, it would be a big problem for Lei Hao, which means that the future has been changed again. But if it is Mizuho, ​​then the development of things will not go off track.

Positions represent risks. Only by accumulating enough positions can Mizuho's opponents have the motivation to take action, and only then can the Thunder have the opportunity to take advantage of the fire.

As long as the Nikkei 225 market wins and turns the gun back to the CSI 300 with the power of victory, no matter how tenacious Taihe is, wait-and-see funds will actually form a trend with the Thunder to encircle Taihe.

"Short the CSI 300 and let Taihe take over!" Lei Hao quickly sent a message to Xiang Yongze.

Shanghai Stock Exchange, Taihe Fund.

"What a madman." Yang Lucheng looked at the battle in the market, hesitated, and finally said into the microphone: "Take over."

Risks are directly proportional to returns. The increase in positions represents the accumulation of risks, but it also represents the increase in possible benefits. Who in the financial circle does not bear risks?

Moreover, Thunder and Taihe are actually in strategic conflict, and the two sides have a mutual dislike for each other, so a real fight with each other is definitely going to happen.

The Thunder chooses to make efforts in stock index futures, can Taihe not take the initiative? To give in is to admit defeat. As long as they don't answer this time, even if the Thunder doesn't take action next time, Taihe will be boiled to death like a frog boiled in warm water.

From the beginning, Thunder took the initiative. Yang Lucheng actually had no way out, but this guy had two tools and successfully caused trouble for Thunder.

But from the Thunder's point of view, sooner or later this kind of thing will happen. The market is so big. The market share you compete for is actually eaten by others. It's not that simple to seize the food from the tiger's mouth.

No financial institution has gained its market position by being cute. If you want to eat meat, you cannot believe in Buddhism!

"It's out." In the trading department, when they saw the company's orders being taken down, they exchanged glances with Yongze and Zhao Lichen, with nervousness in their eyes.

According to the analysis of Lei Hao and his company, the winning and losing points should appear on the Nikkei 225, but the CSI 300 also has a lot of volume and energy, which is enough to keep the people in charge of trading focused.

Quantity energy appeared and hedging began, but this was only a prelude. After the position was pushed up to 100,000 lots, both the long and short sides stopped.

The smell of gunpowder in the market has become stronger. Looking at financial history, at the decisive time of stock index futures, the volume and energy broke out and closed positions in a single day.

China's stock index futures have little history, but anyone who has experienced the last stock index change clearly remembers that the single-day volume at that time could exceed 2 million lots, but the final position was only 300,000 lots.

In other words, on that day, the winners and losers were decided between the long and short sides, and their positions were quickly hedged at the end.

Currently, the total holdings in the stock index futures market are close to 300,000 lots, and there are many talented people in various institutions. It can be roughly calculated that the main players on both sides of the long and short sides hold 100,000 lots each.

Each contract has a face value of close to 1.3 million yuan. 100,000 contracts equals 130 billion. If the Shanghai and Shenzhen 300 Index fluctuates by 1%, it represents a profit and loss of 1.3 billion. If both parties hold 500,000 lots of positions at their peak, a fluctuation of 1% will It's 7.5 billion.

Coupled with the profits and losses on spot stocks, tens of billions of figures are definitely possible.

So will the stock market fluctuate less than 1%? You can tell with your toes that it's impossible, unless... the regulators take action, but that's not right either. Now that China is going to financial marketization, and the pricing function of stock index futures has come out, the superiors can't slap themselves in the face, and neither Thunder nor Taihe are vegetarians. Yes, the interest groups they represent are enough to balance out regulators and offset each other’s policy advantages.

The accumulation of positions is a necessary factor to restrain the decisive battle between the long and short parties. Now that the bilateral position contracts have reached a certain number, it means that the last moment will definitely come, maybe in October when the hedging contract is located, maybe a week later, or maybe It's...tomorrow.