I'm not interested in money or women.

Chapter 149 Lu Feng's Trap

As one of the most experienced veterans in the domestic stamp market, Wang Guoqiang knows the current domestic stamp market too well.

The capital is the birthplace of the domestic stamp market and also the largest stamp distribution center.

Stamp and coin traders from all over the country who want to purchase large quantities of goods need to come to the capital.

But it is very troublesome to make a trip to the capital, and it requires travel expenses, food and accommodation expenses, which are all costs for traders.

If it is true as Lu Feng said, an electronic trading model similar to stocks can be launched.

Then tens of millions of traders across the country can complete trading speculation at home without leaving their homes.

If this is true, it is definitely not a good thing for a spot trader like him.

Because his assets are spot stamps and coins, if traders from all over the country stop coming to Beijing to trade, his business will be gone.

In order to manipulate the stamp market prices, he needs to stockpile a large amount of spot goods and bear the storage and maintenance costs for this.

This is also a considerable cost for him.

But then again, if electronic trading is really implemented, it will be an unprecedented opportunity for him.

If he could seize this opportunity, he might be able to reach unprecedented heights.

You should know that under the current spot model of stamp and coin trading, an order may take up to 5-7 days.

But if online T+1 trading is carried out like stocks, it means shortening the entire trading cycle by 5-7 times.

This will undoubtedly greatly speed up the transaction speed of the stamp market and increase the efficiency of ticket speculation by 5-7 times.

In the past, when he was a market maker, it often took him 1-3 months to hype up the market.

If he adopts electronic trading, he will probably be able to make a profit by manipulating a category within half a month.

This efficiency is absolutely incomparable to spot trading.

However, he still had too many questions and doubts about this.

"Can this electronic disk be made by a private person?"

This is his biggest problem.

Stocks are controlled by the state and managed by formal exchanges.

Although the cultural exchange center is also approved by the government, it is not a state agency but a private trading organization.

Can private trading institutions conduct online electronic trading like stocks?
Wang Guoqiang was a little worried about this.

Lu Feng seemed to see through his doubts and explained with a smile: "Mr. Wang, you may not understand this, but electronic trading is not new, and some domestic futures companies have already been doing it.

Stamp and coin collectibles are also a type of asset, so why can't financial operations be carried out on them?

In fact, the electronic trading platform for stamps and coins belongs to the innovative financial model of Internet + Finance + Culture, and the government is also willing to see the market prosper and promote economic development. "

Lu Feng's words were also half true and half false.

There is indeed electronic trading in the futures market, but those are operations carried out covertly by companies with relatively low ratings.

They put the clients' money into their own electronic trading platform to run data, and never invested it in the futures market. They just transferred the money from one hand to the other and ate it up.

This behavior is obviously illegal and the risk of bankruptcy is extremely high. A batch of people were caught before, but there are basically no more now.

But Wang Guoqiang didn't know this.

He felt a little dizzy after hearing a series of technical terms such as "Internet" and "finance".

Seeing this, Lu Feng gave him another dose of strong medicine: "Boss Wang, I'll tell you something in secret, don't tell anyone else.

As far as I know, Wang Xinhuai and Jinling Cultural Exchange have reached an agreement with the local government, and it is expected to be launched in the second half of next year.”

"Really?"

Wang Guoqiang was shocked and clenched his fists excitedly.

When doing things domestically, it will be much easier as long as there is a precedent to follow.

As long as there is one company that can do it, it means there is a way, and others can follow suit. "Of course."

Lu Feng smiled and glanced at Gao Qi beside him, then introduced to Wang Guoqiang calmly: "My friend is from Jinling. His family is in the system. He has a relative who is in charge of financial work in the financial office. The news came from here."

Gao Qi was originally sitting aside, listening to their conversation in confusion as if she were listening to a foreign language, but she didn't expect Lu Feng to change the subject and point to her.

But after a slight pause, she nodded: "Yes, my aunt works in the Finance Office."

As she said this, she looked at Lu Feng in confusion.

How did Lu Feng know?
She didn't understand what Lu Feng said before, but her aunt was indeed the deputy director of the Financial Office.

However, in Wang Guoqiang's view, her admission was a very strong signal.

"That's it..."

Wang Guoqiang rubbed the back of his hand, his mind racing.

If Jinling can get it done, it means that this loophole can be opened.

If Nanjing can make a breakthrough, then the capital city may have a chance.

If you can pull this off, you can make more money than trading stamps.

He worked hard all year round, risking legal risks to get money everywhere, and tried every way to make money by being a banker, but he could only earn a few million.

If we could do electronic trading, we would make a fortune just from the handling fees!

In the D venue, some people win money, some lose money, but the one who opens the venue will never lose money.

Looking at his pensive expression, Lu Feng knew that he had been completely hooked.

In fact, Wang Guoqiang's analysis is not wrong.

In the past, after the electronic trading platform of Jinling Cultural Exchange Center was launched, it became an instant hit, with daily transaction volume reaching billions.

Later, exchanges began to spring up everywhere like mushrooms after a rain, and in just over a year there were nearly a hundred of them.

Stamp and coin speculators from all over the country have flocked into the electronic trading market, with transaction volumes reaching hundreds of billions.

During that period, the entire stamp market was in a frenzy of trading, and various electronic trading platforms attracted a large amount of social hot money.

With the injection of capital, no matter what stamp it is, as long as there are connections, it can be put on the market for trading.

As long as a stamp is put on the market, its price will skyrocket, often by dozens or even hundreds of times.

During that period, no set of stamps in the entire market had an increase in price of less than 3 times.

Lu Feng did not see that kind of grand occasion again until 21 when NFT hype began abroad.

And that was 6 years after the craze for electronic trading of stamps and coins.

However, this barbaric growth model of private operations doomed it to a tragic end.

That crazy market trend lasted less than a year before it collapsed.

Due to the lack of supervision, the exchanges were ruthlessly cutting leeks, which eventually led to a serious incident and the entire market was hit hard.

Countless exchanges were shut down, and countless successful players fell into the abyss overnight, and even lost their lives.

And this is the gift that Lu Feng gave to Wang Guoqiang.

Wang Guoqiang didn't know that he had fallen into Lu Feng's trap.

He was still immersed in the beautiful fantasy of electronic trading and was very excited.

He moved his seat and looked at Lu Feng, asking expectantly, "Mr. Lu, what exactly do you want to talk to me about?"

He has been completely hooked, so Lu Feng won't keep him in suspense any longer.

Clearing his throat, Lu Feng looked at him and said seriously: "I want to cooperate with you, Mr. Wang, to open an exchange. I can make the connection. Mr. Wang, you have sufficient spot reserves. As long as we cooperate, the money we earn in one day will be enough for you to work for a year now!"

(End of this chapter)