Rebirth of the Strongest Tycoon

While the trader was talking, with the system's automatic trading, the funds in the Sumitomo Corporation's account flowed away like water and replaced it with one-hand LME nickel futures contract.

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

　　 But after more than five years of development and dissemination, automated trading is no longer confined to the United States or the stock market. 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 the Sumitomo Trading Company's account were exhausted, and the position was directly filled. The trader once again shouted to the manager Yoshida Hyuga who hurriedly approached. He seemed a little worried, and his voice trembled.

　　 The LME nickel futures trading team of Sumitomo Corporation is very determined to go long and is confident in its own strength. Therefore, the account has not set the upper limit of the acquisition stop, so the acquisition has not been until the funds have been consumed.

　　 But who knows, the more than 100 million U.S. dollars remaining in the account was emptied all at once.

　　 This is not surprising. The total value of 10,000 LME nickel futures contracts is more than US$500 million. In addition to the 2,400 lots traded at the purchase price of Sumitomo Corporation, other small long accounts have also been filled.

　　 But even so, there are still large short orders waiting for automatic trading after long positions are opened.

　　 It's just that such a large short order suddenly appeared. Without knowing the situation, no bulls dared to take the initiative, making the price of LME nickel futures stagnant at $8,925 per ton.

　　 But according to normal circumstances, if the bulls do not hurriedly sell, then today's LME nickel futures price avalanche 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 string of numbers, his head buzzed.

　　 Fortunately, he had seen strong winds and waves, and he shook his head abruptly to wake himself up, but he felt very heavy.

　　 "Manager, what should I do? Stop loss and exit or continue to increase positions?"

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

　　 He knows very well that the one-time limit of manager Yoshida Hyuga’s spare risk account is 100 million U.S. dollars, but even if the 100 million U.S. dollars applied for are invested, it still cannot fill the short hole. If it fails, the loss will be even greater.

　　 If you stop the loss and exit now, not only will you lose the previous floating profit, but you will also lose at least 30 million US dollars!

　　 Yoshida Hyuga's complexion kept changing, watching the price fluctuate, his heart gradually sinking.

　　 However, he is not lacking in bloodliness, and his face is ruthless, and he directly orders: "Activate the backup account, with a limit of 20 million US dollars, first cover up the position and stabilize the price! Delay as much as possible!"

　　 The trader was relieved, and immediately began to switch accounts.

　　 And Yoshida Hinata also knew that the 20 million dollars was just buying time. He didn't waste it, and immediately ordered someone to invite his immediate boss, Shuren Yanagawa, the head of the trading department of Sumitomo Corporation.

　　 hundreds of millions of dollars of funds are involved at one time, and only Liu Chuanshu has the authority.

　　The trader is so experienced that he did not buy it all at once, but bought it at a price of US$8,925 per ton. Although the price of LME nickel futures fluctuated violently, it was still reluctantly held back.

　　 It's just that the finance on the account is declining at a speed visible to the naked eye.

　　 At this moment, some long scattered buy orders suddenly jumped out, as many as a dozen hands, and as few as a few hands. The number was not large, but it scared both the trader and Yoshida Hyuga.

　　 Because of these long buy orders, the price is not US$8,925 per ton, but prices such as US$8914 per ton, US$8,902 per ton, and US$8905 per ton.

　　 The manipulators behind these bills are entirely pig teammates!

　　 The price of US$8,925 per ton that they managed to maintain seemed high instantly, and the price of LME nickel futures finally fell.

　　 8,923 US dollars a ton.

　　 8921 US dollars a ton.

　　 8,917 dollars a ton.

　　……

　　 Seeing the price start to fall, Yoshida Hyuga's face instantly turned into pig liver-colored, and he couldn't help yelling: "Baga, a bunch of stupid pigs!"

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

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

　　 But as long as a ton drops by one dollar, their account will shrink by 41,000 dollars.

　　 But looking at it now, it fell by ten dollars in a short while, which means that the account has shrunk by four hundred and one thousand dollars!

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

　　 "Manager, ten million dollars have been consumed!"

　　 The trader's voice sounded again, making Yoshida Hyuga's face even more ugly.

　　 Fortunately, at this moment, a series of rapid footsteps sounded from behind, Yoshida Hiroshi immediately looked back, and when he saw the people coming, he seemed to see the savior, and he felt relieved.

　　He immediately greeted him and said, "Minister, you are finally here. Something has happened. The short position opened a position of US$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, but he bit his head and said, "It has fallen below $8,900 a ton!"

　　 This means that there are six or seven hundred thousand dollars left!

　　 Yanagawa Shuren ignored Yoshida Hinata, immediately came to the back of the trader, looked at the string of numbers with scrutiny eyes, and quickly understood his current situation, his face became serious.

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

　　 Seeing the ugly face of the Minister, Yoshida Hiroshi explained immediately that he wanted to bring back a little face for himself.

　　 "These paying orders are not made by bulls, but bears are behind them!"

　　 Yanagawa Shuren looked at it scorchingly, and said in a deep voice.

　　 "The bears don't want to consume us at all, they want to crush us all at once!"

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

　　 There is still a gap of 400 million U.S. dollars. Even if it is a 10% deposit, it will cost 40 million U.S. dollars.

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

　　 His meaning is very obvious, he can't spend so much money to fight the short-headed fight!

　　 Although Sumitomo Corporation's strength is not incapable of spending 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 can't move the money, because long copper futures and aluminum futures are orders from Tokyo's president Keigo Sumitomo, he dare not go against it!

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

At this moment, a series of scattered and rapid 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. Liu Chuanshu's heart couldn't help but sink. There was a bad feeling in a moment.

When the visitor saw Liu Chuan Shuren, he immediately shouted: "Minister, there is a problem. There is a big short position. We opened a position with a low price of 10,000 lots. We directly filled the position. The price is already falling. It is very likely that we will wear it. !"

The meaning of shorting a position is to liquidate a position. One of the terminology in futures refers to the risk condition that the customer’s equity on the customer’s account is negative, that is, the customer not only loses all the margin on the account before opening the position, but also owes the futures company money.

　　 Of course, Sumitomo Corporation itself is a futures company, but for the London Metal Exchange, it is also a customer. The account opened by Sumitomo Corporation on the London Metal Exchange also paid a margin.

When the margin is insufficient, the London Metal Exchange will remind Sumitomo Corporation that Sumitomo Corporation has 24 hours to make up the margin. If the margin is not topped up within 24 hours, the London Metal Exchange will force Sumitomo Corporation’s losses All accounts are forcibly closed, and the excess part of the loss other than the principal is lost, and Sumitomo Corporation must also make up for it.

Of course, it’s okay not to make up the payment. The consequences can be serious. The London Metal Exchange will close the door to Sumitomo Corporation. Even if Sumitomo Corporation reopens an account, it will be confiscated and used to make up for the loss. Go to the court ~www.readwn.com~ after arbitration and recovery by the court.

　　 Anyway, I can’t escape!

　　 "That's not good, Minister, there is a big short position in LME lead futures, and 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!"

　　 Yana Chuan Shuren had not had time to ask the employee who reported the situation with LME Zinc Futures, and then another figure appeared, and the words of the return made everyone's face changed greatly.

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

　　 And the secret enemy's attack is very brutal, it is completely fatal in one blow, and it does not give them any room for counterattack.

　　According to the current situation, even if he puts out a billion dollars, it will be swallowed by splashing it in.

　　 At this time, if you hesitate too much, you will die miserably!

　　 Yanagawa Shuren was heartbroken, first instructed Yoshida Hinata: "Stop loss and exit, hurry, find a way to find someone to take the order."

　　 After finishing speaking, he walked quickly toward the door, he was going to the next few departments to give orders to withdraw, so as not to be dragged down the abyss.

　　 There are many types of metal futures on the London Metal Exchange, including gold, silver, copper, aluminum, zinc, lead, nickel, etc. Sumitomo Corporation invests in each metal futures, and the difference lies in the number.

　　 Now there are problems with zinc, lead, and nickel.

　　If there are problems with other metal futures, it would be terrible news!

　　:. :