super energy power
Chapter 628 And Electronic Disk
Hirano Hidetomo has never been so nervous in his life.
Not during the most important exam in life, not in the most important interview in life, and not in the most important negotiation in life.
However, when standing in the unfamiliar and familiar crude oil trading pool, Hirano Hidetomo's face was as usual, but his legs were shaking. If it wasn't for the fact that it was too crowded inside, with people bumping into each other, he might have collapsed a long time ago. .
He couldn't help being nervous. In just a few minutes, he threw out more than 4 million US dollars. He didn't know how much he had to throw out to stop the falling tackle.
For other young traders who have just become traders, in such a warm atmosphere, they may forget the value of 4 million US dollars, but Hidetomo Hirano will not.He's been in Sumitomo for long enough, and when he's sleeping and dreaming, the numbers won't be messed up.
Thinking of how much 4 million U.S. dollars he would invest in the next short period of time, Hidetomo Hirano felt blood rushing to his head.
4 million US dollars, if it is used for bank mergers and acquisitions, it is enough to buy 100 small and medium-sized Japanese companies, or 1000 small and medium-sized enterprises in Southeast Asia, and at least three latest fully automatic lithium battery production lines can be purchased. The investment profit of 4000 million U.S. dollars per year... If it is used for consumption, buying a small Caribbean island and filling it with beautiful women will not cost half of the 4 million U.S. dollars.
If the bet fails, it is difficult for Hirano Hidetomo to imagine how the upper management of the trading company will take responsibility, and maybe go to jail.After all, he has not yet received permission from Shangfeng.
Time did not allow him to wait for the results of the report.
Hidetomo Hirano could understand that the reason why the traders holding long orders in the crude oil pool did not rush to sell at the moment the news appeared was because they needed to confirm the news. Furthermore, the traders were all waiting for the company to sell. instructions.
In terms of trading skills, long-term traders don't want to scramble to sell and cause uncontrollable losses.
However, the result of waiting is not optimistic.
Once the company has made a decision-judging from the news released by Dahua Industrial, it is the most normal to make a decision to sell.Then traders are bound to sell.
Even if some companies will eventually make the opposite decision, such as multi-party giants including Sumitomo Corporation.But during the waiting period, once one or a few traders decide to sell aggressively, which then causes the oil price to plummet and hit the stop loss line of the traders, the traders will also sell and stop the loss without the company explaining.
Ordinary traders who act as intermediaries don't care about the rise and fall of oil prices.Hirano Hidetomo could not.
After he visited Dahua's offshore drilling platform, he started with "Dahua's crew never cleans the dirty deck".At the regular meeting of the financial department of Sumitomo Corporation, he gave a wonderful speech and got a new position. After insisting on doing more, Hirano Hidetomo must not just watch the oil price decline in the opposite direction, especially in the The trajectory of Dahua Industrial Design has slipped.
The result of that is no different from losing hundreds of millions of dollars.
The expression on Hirano Hidetomo's face was not so much self-confidence as determination.
The only way to stabilize the current crude oil price is to use a huge amount of money.to look forward to the next changes. The spot price of 600 million barrels of crude oil is only more than 1 million US dollars. It is not too difficult to maintain market confidence.
The vulture Milton once again sold 5000 lots of crude oil without changing his face. He was authorized by Sioux City, and he would have no problem spending 50 billion US dollars.
Hirano Hidetomo took it without changing his face.
Milton sold again, and Hidetomo Hirano accepted again.
In a small trading pool.Every time the two traded, they took a step forward.
The other traders moved out of the way, allowing the two sides to face each other directly.
Another deal.
The two got closer and closer until their noses touched noses.
Milton the vulture has been in the London International Crude Oil Exchange for many years. He is an old-school trading intermediary and has encountered this kind of multi-party battle more than once.
After a short confrontation.Milton had an idea, and suddenly said in English with an accent: "You spent so much money, does your company know?"
Hirano Hidetomo was taken aback, and said, "Of course."
"The Japanese company's response is really quick, which is rare. Another 5000 hands?"
"No problem." Hidetomo Hirano has no brains to accept the order. According to the plan, he should have been intern for one year.Only then does it really enter the trading pool.However, without the company's authorization, Hirano Hidetomo could not order the traders representing Sumitomo in the trading pool and had to go into battle shirtless.
It's hard to tell whether his decision is right or wrong, but his behavior is indeed too jerky.
Hidetomo Hirano hadn't woken up to Milton's point, but the trader next to him had already reacted.
Today's market fluctuations are caused by Dahua Industrial. It is not surprising that Milton is employed by Pan Asia Fund and has been authorized in advance.Sumitomo Corporation, where Hidetomo Hirano works, is different. Unless they get inside information, Sumitomo Corporation should not respond faster than local financial companies in London.
Japanese companies are notoriously slow, even in financial markets.
Taking it a step further, if Sumitomo Corporation got the inside news in advance, it would be foolish to go long. There is no doubt that the best way is to wait for Dahua Industrial to release the news, then quickly sell short, and then change hands to go long .Unless Sumitomo Corporation knows in advance that the news about Dahua Industrial's Aqijiu Oilfield is false, it will reverse the long position and expose Dahua Industrial's news.
Therefore, the crux of the problem lies in the authenticity of the news just now.
Several traders who thought about this incident took the electronic screens around their waists into their hands, and pressed the buttons to urge their colleagues upstairs to quickly confirm the news.
Holiday news and short-term futures traders appear from time to time, and most traders have become quite cautious.
It’s slow to say, but the slow transactions in the trading pool lasted less than 10 rounds. Hidetomo Hirano spent a billion dollars, which is still a considerable distance from his authority.
Accustomed to Milton's trading frequency and familiar with the trading methods in the trading pool, Hirano Hidetomo relaxed a bit. He straightened his tie as if he was going to take a breath. This should have been a day of suits and leather shoes. Hirano Hidetomo I'm not ready to be a trader yet, and naturally I haven't had time to change into suitable clothes.
He didn't know that his appearance also fell into the eyes of other traders.was used as a basis for judgment.
"Om..."
A trader's electronic screen vibrated.
Hidetomo Hirano frowned, he didn't like this kind of sound, and in the normal trading pool, the buzzing sound of the electronic screen was absolutely inaudible.
"Another 5000 lots, do you want?" Milton's voice covered the buzzing electronic screen.
"Come on." Hidetomo Hirano showed no sign of weakness.
After a few seconds, the transaction is complete.
"Who else?" Hirano Hidetomo raised the trading card in his hand, he felt that he might hold the scene.
on the futures exchange.Funding is an extremely important factor.Put it on a smaller futures plate, such as teacup-level markets such as coffee, soybeans, and peanuts.Financial institutions that can mobilize tens of billions of dollars of funds have been able to monopolize the market, and there are many successful examples of operating against the trend with huge funds.
Even in the larger swimming pool market, there are examples of huge capital manipulation. JP Morgan's trader nicknamed London Whale, Ikill, is one of the prominent members. In his heyday, his bond derivatives positions were listed at Ranked seventh in the world, his cdx index exposure reached 1000 billion U.S. dollars.The trading desk behind him holds a fund position of 3600 billion U.S. dollars. After the popularity of Harry Potter, ikill got a new nickname of "Voldemort". It was complained by peers that it completely distorted the CDX index, so that others could not invest in this product. profit.
However, crude oil futures is not a futures market as big as a teacup, nor is it a futures market as big as a swimming pool.It is the world's top futures market, and it can cause flooding to the financial industry at any time.
Those elite crude oil traders just watched Hidetomo Hirano and Milton quietly. They were easy to be influenced and fell into madness on the surface, but in fact, their psychological qualities were far beyond ordinary people.
"Buzz..."
Another trader's electronic screen vibrated.
Hirano Hidetomo looked over unconsciously.
"Buzz."
"Buzz."
"Buzzing..." There was a vibration in the electronic battery.One after another, as if you were chasing after me.
Hidetomo Hirano turned half a circle to the left, half a circle to the right, and turned his head again, but saw a trading card almost stuck in front of his eyes.
"I sell!"
"I sell!"
"Sell!"
Most traders only need to glance at the electronic screen on the waist to make a decision in a hundredth of a second.
The news of Dahua Industry has been confirmed.
In an instant, traders with sell orders were crowded in front of Hidetomo Hirano, even traders who originally held a small number of long orders.They are also busy closing their positions without hesitation, and what's more, they hope to make a profit from speculation.
The crude oil trading pool has finally returned to its usual hustle and bustle.
However, Hirano Hidetomo missed the calm just now, even the confrontation before the buzz sounded, it was much better than now.
"I accept it." Hidetomo Hirano didn't have time to hesitate, and completed the transactions one by one.
He still had hope, and from time to time looked at the traders representing Enron, Société Générale and other institutions on the floor.
As the bulls who fought against the Pan-Asia Fund some time ago, these companies have all accumulated a large amount of multi-party positions, and it is not that they can be turned by turning around.
Oil prices have not fallen sharply at present, but Hidetomo Hirano jumped out to fight against them. If they stand up and close their positions, if Hidetomo Hirano can't stand it, the oil price will inevitably plummet, and those long orders that are too late to sell will all turn into losses.
This is also the big difference between manual bidding and electronic bidding.If you stab someone in the back, they will find out immediately, and the speed of transactions is limited, which makes holding heavy positions even more dangerous.
Therefore, without instructions from the company and without reaching the stop loss line, several multi-party traders all hesitated, neither selling nor stabilizing the front line like Hidetomo Hirano.
The news of Dahua Industrial was confirmed, which means that the price of crude oil is bound to fall.
However, how much it falls varies.
The market may digest the news with a 50-cent drop, it may digest it with a $2 or more, no one can tell.
For Hidetomo Hirano, as long as the price of crude oil does not fall by more than US$1, it doesn't matter if he bears a futures order of US$20 billion or US$25 billion. Business, the big deal is delivery.
A loss of US$2 is a bit much. Unless he lasts until the oil price pulls back, Sumitomo Corporation, which uses 10 times leverage, will immediately lose more than US$10 billion, whether it is liquidation or delivery.
"I can hold on." Hirano Hidetomo gritted his teeth and made the deal, secretly slowing down.
There are more and more sell orders accumulated in the market, and the price is getting lower and lower.
Finally, when the oil price fell by 50 cents, Hirano Hidetomo was pleasantly surprised to find that Enron's traders moved.
"I can't wait." Hirano Hidetomo was secretly happy.
Although Enron is not as large as those financial consortiums, it is a representative company of energy finance, and its own strength is not weak. Even if there is no special preparation, there is a lot of standing funds in the London Stock Exchange, which can be regarded as a very powerful alliance. army.
Hidetomo Hirano squeezed two steps to the left, hoping to get closer to Enron's trader, Gretel, so as to send some of the selling orders around him to Anran's hands as quickly as possible, which was a small trick to divert the water.
Gretel was a small man like Hitler, and he was very calm in the crowd, and he came to the front of Hidetomo Hirano in two or three steps.
However, the Hitler-style shouting that Hirano expected did not appear in Gretel.
The latter seemed to stand on tiptoe, casting his eyes in mid-air.
"What is this guy doing?" Hirano Hidetomo looked over with anger mixed with curiosity.
In mid-air, the large electronic screen was slowly displaying a series of opening words in English - the electronic market opened.
Hidetomo Hirano, who was still doing business, couldn't help but feel his feet go weak, and had to reach out to help the person next to him.
In the crude oil futures market in 94, there were both on-site manual trading and on-site electronic trading. The manual trading was traded by manual bidding, and the electronic trading was traded by electronic systems. Essentially, the nature of the two is the same. According to the current regulations of the London International Petroleum Exchange, the manual trading will be opened first, and the electronic trading will be opened after the electronic trading.
Such a regulation itself actually shows that manual disks and electronic disks are different.
For now, the biggest difference between the two is the transaction speed. By extension, the transaction frequency and price changes will increase.
Manual trading is manual bidding. On the one hand, traders can control the speed. On the other hand, the relatively slow trading process will slow down price changes.
Electronic trading is different. As long as the price and quantity are set, the speed of electronic trading can be calculated in microseconds. Therefore, more companies and people will participate, and the price changes will be more drastic.Here, from time to time, there will be oolong incidents caused by traders who input wrong numbers. If it is replaced by manual bidding, the Everbright Bank incident will not occur, because manual transactions cannot be completed within a few seconds. After completing so many transactions, people will not be so stupid as to make consecutive wrong transactions.
It can be said that the popularization and development of electronic trading has invisibly increased the sensitivity of the futures market to news, and made speculation more intense. A frost in Brazil will increase the price of coffee, and a snowstorm in California will increase the price of oranges. , Behind this change is the acceleration of information speed.
In the world that Sioux City is familiar with, electronic disks are the dominant force.
Hidetomo Hirano also suddenly understood why Su Cheng announced the news at a quarter past ten.
Because at [-]:[-], the electronic market opened.
The market will regurgitate the news of Dahua Industrial, and this time, traders will chew more carefully.
...(To be continued. If you like this work, you are welcome to vote for recommendations and monthly tickets. Your support is my biggest motivation..)
Not during the most important exam in life, not in the most important interview in life, and not in the most important negotiation in life.
However, when standing in the unfamiliar and familiar crude oil trading pool, Hirano Hidetomo's face was as usual, but his legs were shaking. If it wasn't for the fact that it was too crowded inside, with people bumping into each other, he might have collapsed a long time ago. .
He couldn't help being nervous. In just a few minutes, he threw out more than 4 million US dollars. He didn't know how much he had to throw out to stop the falling tackle.
For other young traders who have just become traders, in such a warm atmosphere, they may forget the value of 4 million US dollars, but Hidetomo Hirano will not.He's been in Sumitomo for long enough, and when he's sleeping and dreaming, the numbers won't be messed up.
Thinking of how much 4 million U.S. dollars he would invest in the next short period of time, Hidetomo Hirano felt blood rushing to his head.
4 million US dollars, if it is used for bank mergers and acquisitions, it is enough to buy 100 small and medium-sized Japanese companies, or 1000 small and medium-sized enterprises in Southeast Asia, and at least three latest fully automatic lithium battery production lines can be purchased. The investment profit of 4000 million U.S. dollars per year... If it is used for consumption, buying a small Caribbean island and filling it with beautiful women will not cost half of the 4 million U.S. dollars.
If the bet fails, it is difficult for Hirano Hidetomo to imagine how the upper management of the trading company will take responsibility, and maybe go to jail.After all, he has not yet received permission from Shangfeng.
Time did not allow him to wait for the results of the report.
Hidetomo Hirano could understand that the reason why the traders holding long orders in the crude oil pool did not rush to sell at the moment the news appeared was because they needed to confirm the news. Furthermore, the traders were all waiting for the company to sell. instructions.
In terms of trading skills, long-term traders don't want to scramble to sell and cause uncontrollable losses.
However, the result of waiting is not optimistic.
Once the company has made a decision-judging from the news released by Dahua Industrial, it is the most normal to make a decision to sell.Then traders are bound to sell.
Even if some companies will eventually make the opposite decision, such as multi-party giants including Sumitomo Corporation.But during the waiting period, once one or a few traders decide to sell aggressively, which then causes the oil price to plummet and hit the stop loss line of the traders, the traders will also sell and stop the loss without the company explaining.
Ordinary traders who act as intermediaries don't care about the rise and fall of oil prices.Hirano Hidetomo could not.
After he visited Dahua's offshore drilling platform, he started with "Dahua's crew never cleans the dirty deck".At the regular meeting of the financial department of Sumitomo Corporation, he gave a wonderful speech and got a new position. After insisting on doing more, Hirano Hidetomo must not just watch the oil price decline in the opposite direction, especially in the The trajectory of Dahua Industrial Design has slipped.
The result of that is no different from losing hundreds of millions of dollars.
The expression on Hirano Hidetomo's face was not so much self-confidence as determination.
The only way to stabilize the current crude oil price is to use a huge amount of money.to look forward to the next changes. The spot price of 600 million barrels of crude oil is only more than 1 million US dollars. It is not too difficult to maintain market confidence.
The vulture Milton once again sold 5000 lots of crude oil without changing his face. He was authorized by Sioux City, and he would have no problem spending 50 billion US dollars.
Hirano Hidetomo took it without changing his face.
Milton sold again, and Hidetomo Hirano accepted again.
In a small trading pool.Every time the two traded, they took a step forward.
The other traders moved out of the way, allowing the two sides to face each other directly.
Another deal.
The two got closer and closer until their noses touched noses.
Milton the vulture has been in the London International Crude Oil Exchange for many years. He is an old-school trading intermediary and has encountered this kind of multi-party battle more than once.
After a short confrontation.Milton had an idea, and suddenly said in English with an accent: "You spent so much money, does your company know?"
Hirano Hidetomo was taken aback, and said, "Of course."
"The Japanese company's response is really quick, which is rare. Another 5000 hands?"
"No problem." Hidetomo Hirano has no brains to accept the order. According to the plan, he should have been intern for one year.Only then does it really enter the trading pool.However, without the company's authorization, Hirano Hidetomo could not order the traders representing Sumitomo in the trading pool and had to go into battle shirtless.
It's hard to tell whether his decision is right or wrong, but his behavior is indeed too jerky.
Hidetomo Hirano hadn't woken up to Milton's point, but the trader next to him had already reacted.
Today's market fluctuations are caused by Dahua Industrial. It is not surprising that Milton is employed by Pan Asia Fund and has been authorized in advance.Sumitomo Corporation, where Hidetomo Hirano works, is different. Unless they get inside information, Sumitomo Corporation should not respond faster than local financial companies in London.
Japanese companies are notoriously slow, even in financial markets.
Taking it a step further, if Sumitomo Corporation got the inside news in advance, it would be foolish to go long. There is no doubt that the best way is to wait for Dahua Industrial to release the news, then quickly sell short, and then change hands to go long .Unless Sumitomo Corporation knows in advance that the news about Dahua Industrial's Aqijiu Oilfield is false, it will reverse the long position and expose Dahua Industrial's news.
Therefore, the crux of the problem lies in the authenticity of the news just now.
Several traders who thought about this incident took the electronic screens around their waists into their hands, and pressed the buttons to urge their colleagues upstairs to quickly confirm the news.
Holiday news and short-term futures traders appear from time to time, and most traders have become quite cautious.
It’s slow to say, but the slow transactions in the trading pool lasted less than 10 rounds. Hidetomo Hirano spent a billion dollars, which is still a considerable distance from his authority.
Accustomed to Milton's trading frequency and familiar with the trading methods in the trading pool, Hirano Hidetomo relaxed a bit. He straightened his tie as if he was going to take a breath. This should have been a day of suits and leather shoes. Hirano Hidetomo I'm not ready to be a trader yet, and naturally I haven't had time to change into suitable clothes.
He didn't know that his appearance also fell into the eyes of other traders.was used as a basis for judgment.
"Om..."
A trader's electronic screen vibrated.
Hidetomo Hirano frowned, he didn't like this kind of sound, and in the normal trading pool, the buzzing sound of the electronic screen was absolutely inaudible.
"Another 5000 lots, do you want?" Milton's voice covered the buzzing electronic screen.
"Come on." Hidetomo Hirano showed no sign of weakness.
After a few seconds, the transaction is complete.
"Who else?" Hirano Hidetomo raised the trading card in his hand, he felt that he might hold the scene.
on the futures exchange.Funding is an extremely important factor.Put it on a smaller futures plate, such as teacup-level markets such as coffee, soybeans, and peanuts.Financial institutions that can mobilize tens of billions of dollars of funds have been able to monopolize the market, and there are many successful examples of operating against the trend with huge funds.
Even in the larger swimming pool market, there are examples of huge capital manipulation. JP Morgan's trader nicknamed London Whale, Ikill, is one of the prominent members. In his heyday, his bond derivatives positions were listed at Ranked seventh in the world, his cdx index exposure reached 1000 billion U.S. dollars.The trading desk behind him holds a fund position of 3600 billion U.S. dollars. After the popularity of Harry Potter, ikill got a new nickname of "Voldemort". It was complained by peers that it completely distorted the CDX index, so that others could not invest in this product. profit.
However, crude oil futures is not a futures market as big as a teacup, nor is it a futures market as big as a swimming pool.It is the world's top futures market, and it can cause flooding to the financial industry at any time.
Those elite crude oil traders just watched Hidetomo Hirano and Milton quietly. They were easy to be influenced and fell into madness on the surface, but in fact, their psychological qualities were far beyond ordinary people.
"Buzz..."
Another trader's electronic screen vibrated.
Hirano Hidetomo looked over unconsciously.
"Buzz."
"Buzz."
"Buzzing..." There was a vibration in the electronic battery.One after another, as if you were chasing after me.
Hidetomo Hirano turned half a circle to the left, half a circle to the right, and turned his head again, but saw a trading card almost stuck in front of his eyes.
"I sell!"
"I sell!"
"Sell!"
Most traders only need to glance at the electronic screen on the waist to make a decision in a hundredth of a second.
The news of Dahua Industry has been confirmed.
In an instant, traders with sell orders were crowded in front of Hidetomo Hirano, even traders who originally held a small number of long orders.They are also busy closing their positions without hesitation, and what's more, they hope to make a profit from speculation.
The crude oil trading pool has finally returned to its usual hustle and bustle.
However, Hirano Hidetomo missed the calm just now, even the confrontation before the buzz sounded, it was much better than now.
"I accept it." Hidetomo Hirano didn't have time to hesitate, and completed the transactions one by one.
He still had hope, and from time to time looked at the traders representing Enron, Société Générale and other institutions on the floor.
As the bulls who fought against the Pan-Asia Fund some time ago, these companies have all accumulated a large amount of multi-party positions, and it is not that they can be turned by turning around.
Oil prices have not fallen sharply at present, but Hidetomo Hirano jumped out to fight against them. If they stand up and close their positions, if Hidetomo Hirano can't stand it, the oil price will inevitably plummet, and those long orders that are too late to sell will all turn into losses.
This is also the big difference between manual bidding and electronic bidding.If you stab someone in the back, they will find out immediately, and the speed of transactions is limited, which makes holding heavy positions even more dangerous.
Therefore, without instructions from the company and without reaching the stop loss line, several multi-party traders all hesitated, neither selling nor stabilizing the front line like Hidetomo Hirano.
The news of Dahua Industrial was confirmed, which means that the price of crude oil is bound to fall.
However, how much it falls varies.
The market may digest the news with a 50-cent drop, it may digest it with a $2 or more, no one can tell.
For Hidetomo Hirano, as long as the price of crude oil does not fall by more than US$1, it doesn't matter if he bears a futures order of US$20 billion or US$25 billion. Business, the big deal is delivery.
A loss of US$2 is a bit much. Unless he lasts until the oil price pulls back, Sumitomo Corporation, which uses 10 times leverage, will immediately lose more than US$10 billion, whether it is liquidation or delivery.
"I can hold on." Hirano Hidetomo gritted his teeth and made the deal, secretly slowing down.
There are more and more sell orders accumulated in the market, and the price is getting lower and lower.
Finally, when the oil price fell by 50 cents, Hirano Hidetomo was pleasantly surprised to find that Enron's traders moved.
"I can't wait." Hirano Hidetomo was secretly happy.
Although Enron is not as large as those financial consortiums, it is a representative company of energy finance, and its own strength is not weak. Even if there is no special preparation, there is a lot of standing funds in the London Stock Exchange, which can be regarded as a very powerful alliance. army.
Hidetomo Hirano squeezed two steps to the left, hoping to get closer to Enron's trader, Gretel, so as to send some of the selling orders around him to Anran's hands as quickly as possible, which was a small trick to divert the water.
Gretel was a small man like Hitler, and he was very calm in the crowd, and he came to the front of Hidetomo Hirano in two or three steps.
However, the Hitler-style shouting that Hirano expected did not appear in Gretel.
The latter seemed to stand on tiptoe, casting his eyes in mid-air.
"What is this guy doing?" Hirano Hidetomo looked over with anger mixed with curiosity.
In mid-air, the large electronic screen was slowly displaying a series of opening words in English - the electronic market opened.
Hidetomo Hirano, who was still doing business, couldn't help but feel his feet go weak, and had to reach out to help the person next to him.
In the crude oil futures market in 94, there were both on-site manual trading and on-site electronic trading. The manual trading was traded by manual bidding, and the electronic trading was traded by electronic systems. Essentially, the nature of the two is the same. According to the current regulations of the London International Petroleum Exchange, the manual trading will be opened first, and the electronic trading will be opened after the electronic trading.
Such a regulation itself actually shows that manual disks and electronic disks are different.
For now, the biggest difference between the two is the transaction speed. By extension, the transaction frequency and price changes will increase.
Manual trading is manual bidding. On the one hand, traders can control the speed. On the other hand, the relatively slow trading process will slow down price changes.
Electronic trading is different. As long as the price and quantity are set, the speed of electronic trading can be calculated in microseconds. Therefore, more companies and people will participate, and the price changes will be more drastic.Here, from time to time, there will be oolong incidents caused by traders who input wrong numbers. If it is replaced by manual bidding, the Everbright Bank incident will not occur, because manual transactions cannot be completed within a few seconds. After completing so many transactions, people will not be so stupid as to make consecutive wrong transactions.
It can be said that the popularization and development of electronic trading has invisibly increased the sensitivity of the futures market to news, and made speculation more intense. A frost in Brazil will increase the price of coffee, and a snowstorm in California will increase the price of oranges. , Behind this change is the acceleration of information speed.
In the world that Sioux City is familiar with, electronic disks are the dominant force.
Hidetomo Hirano also suddenly understood why Su Cheng announced the news at a quarter past ten.
Because at [-]:[-], the electronic market opened.
The market will regurgitate the news of Dahua Industrial, and this time, traders will chew more carefully.
...(To be continued. If you like this work, you are welcome to vote for recommendations and monthly tickets. Your support is my biggest motivation..)
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