Rebirth of the Strongest Tycoon

Just as the trader was talking, with the automatic trading of the system, the funds in the Sumitomo Trading Company's account flowed out like water, and were replaced with first-hand LME nickel futures contracts.

With the development of technology and the application of computer systems, automatic trading was possible in the United States in 1975, of course, the earliest in the stock market.

However, after more than five years of development and dissemination, automatic trading is no longer limited to the United States, nor to the stock market, and the London Metal Exchange has also been transformed.

"Manager, our spare funds are exhausted, and our warehouse is full!"

In the blink of an eye, the funds in Sumitomo Trading Company's account were exhausted, and the warehouse was full. The trader shouted again to the manager Hiyaka Yoshida, who was hurriedly approaching. He seemed a little anxious and his voice trembled.

The LME nickel futures trading team of Sumitomo Trading Company is very determined to go long, and is also very confident in its own strength. Therefore, the account has not set an acquisition stop limit, so it will only be acquired until the capital is consumed.

But who knows, the more than 100 million dollars still lingering in the account was emptied at once.

It is not surprising that the total value of 10,000 LME nickel futures contracts exceeded US$500 million. In addition to the 2,400 contracts traded at the purchase price of Sumitomo Trading, some other small long accounts were also filled.

But even so, there are still large short positions waiting to be traded automatically after long positions are opened.

It's just that such a large short order suddenly appeared, and under the premise of not knowing the situation, none of the bulls dared to take the plunge, causing the price of LME nickel futures to stagnate at $8,925 a ton for a while.

But according to normal circumstances, if the bulls do not take action quickly, the price avalanche of LME nickel futures today is inevitable.

At this time, Yoshida Hyuga, the head of the LME nickel futures team, walked over in three steps and two steps. After seeing the series of numbers, his whole head was buzzing.

Fortunately, he had seen strong winds and waves, and shook his head suddenly to wake him up, but his heart was very heavy.

"Manager, what should I do? Stop the loss or continue to increase the position?"

The trader asked nervously, saying this, he had no confidence.

He knew very well that the one-time limit of the backup risk account of the manager Yoshida Hyuga was 100 million US dollars, but even if the requested 100 million US dollars were invested, it would still not be able to fill the short hole. If it failed, the loss would be even greater.

If you stop and exit now, not only will the previous floating profit be lost, but at least $30 million will be lost!

Yoshida Hyuga's complexion kept changing, watching the price oscillate, his heart gradually sank.

However, he was not lacking in blood, with a ruthless expression on his face, he directly ordered: "Activate a backup account, with a limit of 20 million US dollars, first make up the position to stabilize the price! Delay the time as much as possible!"

The trader was relieved and immediately started to switch accounts.

And Yoshida Hinata also knew that the 20 million US dollars was just to buy time, he did not waste it, and immediately ordered someone to invite his immediate boss, Sumitomo Trading Department Director Yanagawa Shuto.

It involves hundreds of millions of dollars of funds at one time, and only Yanagawa Shuren has the authority.

The experienced trader did not buy at one time, but bought it little by little at a price of $8,925 a ton. Although the price of LME nickel futures fluctuated violently, it was barely held back.

It's just that the financial balance in the account is declining at a rate visible to the naked eye.

at this time,

Suddenly, there were some scattered buy orders for long positions, ranging from a dozen lots to a few lots.

Because of these long buy orders, the price is not $8,925 a ton, but prices such as $8,914 a ton, $8,902 a ton, and $8,905 a ton.

The manipulators behind these pay orders are completely pig teammates!

The price they managed to maintain at $8,925 a ton instantly became high, and the price of LME nickel futures finally fell.

$8923 a ton.

$8921 a ton.

$8917 a ton.

...

Seeing that the price began to fall, Yoshida Hyuga's face instantly turned the color of pig liver, and he couldn't help but curse: "Baga, a bunch of stupid pigs!"

In addition to the 2,400 lots of LME nickel futures bought just now, they now hold a total of 6,840 lots of LME nickel futures.

At $8,925 a ton, the total value of LME nickel futures contracts held reached $366.3 million.

But as long as a dollar per ton fell, their account would have shrunk by $41,000.

But look now, it's down ten dollars in a short while, which means the account has shrunk by $410,000!

However, the London Metal Exchange does not implement the price limit system. God knows how much the price of LME nickel futures will fall if it does not recover!

"Manager, ten million dollars have been consumed!"

The operator's voice sounded again, making Yoshida Hinata's face even more ugly.

Fortunately, at this moment, a series of hurried footsteps sounded from behind, and Yoshida Hinata immediately looked back. When he saw the person who came, he seemed to be seeing the savior, and he felt a sense of relief.

He immediately greeted him and said, "Minister, you are finally here. Something big has happened. The shorts took a position at $7,500 a ton. Now the price of LME nickel futures has fallen."

He glanced at the trading board, his face was a bit ugly again, but he still bite the bullet and said: "It has fallen below $8,900 a ton!"

That means another sixty-seven million dollars left!

Yanagawa Shuren ignored Yoshida Hinata, and immediately went behind the trader, looking at the string of numbers with a scrutiny, and soon understood his current situation, and his face became solemn.

"Minister, I have activated the risk account to support the price, but these are all pigs, otherwise the price will not fall so fast!"

Seeing that the minister's face was ugly, Yoshida Hiyori immediately explained that he wanted to bring back some face for himself.

"These buy orders are not placed by the bulls, but by the bears behind the scenes!"

Yanagawa Shuren looked at it with burning eyes and said in a deep voice.

"The bears don't want to spend with us at all, they want to beat us all at once!"

Yoshida Hyuga took a deep breath and asked, "Minister, what should we do? The gap is too big!"

The shortfall is still $400 million, and even a ten percent margin would be $40 million.

Yanagawa Shuren immediately shook his head and said, "Most of our funds are now allocated to the copper futures and aluminum futures trading teams!"

His meaning is obvious, he can't come up with so much money to fight the bears!

Although with the strength of Sumitomo Trading Company, it is not impossible to take out the money, the accounts of the two trading departments of copper futures and aluminum futures still have a total of one billion US dollars.

But he is not easy to move the money, because it is the order of Tokyo President Keigo Sumitomo to go long copper futures and aluminum futures, and he dare not go against it!

If the plan fails because of unauthorized actions, then he is absolutely to blame, and it is very likely that he will be beaten to the end. He does not dare to take such a big risk.

At this moment, a series of scattered and hurried footsteps came from outside the door, and then a figure ran over. This person he knew was an employee of the LME Zinc Futures Trading Team. Yanagawa Shuren's heart could not help sinking. Suddenly there was a bad feeling.

When the visitor saw Shuren Yanagawa, he immediately shouted: "Minister, there is trouble, there is a big short position, and we open a position of 10,000 lots at a low price. We are directly full, the price is already falling, and it is very likely that the position will be crossed. !"

Crossing the position means that the position is liquidated. One of the terms of futures refers to the risk situation that the customer's equity in the customer's account is negative, that is, the customer not only loses all the margin in the account before opening the position, but also owes the futures company. money.

Of course, Sumitomo Trading Co., Ltd. itself is a futures company, but for the London Metal Exchange, it is also a customer.

When the margin is insufficient, the London Metal Exchange will remind Sumitomo Trading Co., Ltd., Sumitomo Trading Co., Ltd. has 24 hours to make up the margin. If the margin is not replenished within 24 hours, the LME will force Sumitomo Trading Co., Ltd.'s losses. All accounts are forcibly liquidated, and the excess loss other than the principal is lost, and Sumitomo Trading Co., Ltd. is also required to pay.

Of course, it is ok not to make up the payment, but the consequences will be serious. The London Metal Exchange will close the door of Sumitomo Trading Company. Even if Sumitomo Trading Company opens an account again, it will be confiscated and used to make up for losses, and the London Metal Exchange will also downgrade Sumitomo Trading Company’s report. Go to the court, after arbitration by the court and recover.

Anyway, no matter what, there is no escape!

"It's not good, Minister, there is a big short position in LME lead futures. We opened a position of 10,000 lots at a low price. We directly filled the position, and the price dropped by more than 5% in an instant!"

Yanagawa Shuren had not had time to ask the employees who were returning from LME Zinc Futures about the situation, and then another figure appeared, and the words in his mouth made everyone's face change greatly.

At this time, no matter how stupid Yanagawa Shuren was, he knew that his company had been targeted.

Moreover, the secret enemy is very brutal, and it is completely fatal in one blow, giving them no room for counterattack at all.

According to the current situation, even if he took out a billion dollars, if he smashed it in, it would be swallowed up.

At this time, if you hesitate any longer, you will die miserably!

Yanagawa Shuren was ruthless, and first ordered Yoshida Hyuga: "Stop the loss and exit, hurry up, find a way to find someone to take the order."

After he finished speaking, he walked quickly towards the door. He was going to the next department to issue an order to quit, so as not to be dragged into the abyss.

There are many types of metal futures on the London Metal Exchange, including gold, silver, copper, aluminum, zinc, lead, nickel, etc. Sumitomo Trading Company invests in each metal futures, the difference is only in how much.

Now zinc, lead, and nickel are all in trouble.

If other metal futures also have problems, it will be a big bad news!

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