My 1982

() Chapter 588 Foreign Exchange Trading (No. 1/1)

In the stock market? Examinate some projects? ! ! !

After Li Zhongxin heard the words of the three wells, he revealed a smile on his face.

He came to Tokyo, there was no so many things. Now he is already in the stock market, and it has already earned a full range, he is preparing to slowly from the Tokyo stock market. It is impossible to withdraw funds, and things in the stock market are impossible.

Inspecting something about some projects, it is more nonsense.

The current project of loyalty is enough, if you can engage in the project, I am afraid that he and Wang Bo will focus on the boss.

He came to Tokyo, it was mainly to talk about things about the sum of funds from the stock market from the stock market.

After removing a lot of money in the stock market, Li Zhongxin wants to start these funds to engage in foreign exchange transactions.

The foreign exchange transactions and the stock market have different transactions, and the main trading model in the 1980s is the voices trading model.

Terminal Customer Trading Forex Need to call the dealer bank, the bank gave the quote to be accepted by the customer, the bank inquired and executed hedge transactions in the interbank market.

The interbank market and customer service market is clear, and the interbank market is completely excluded from small banking and end customers.

Because the single transactions in the interbank market are basically more than one million to more than 5 million US dollars, but not only end customers can't enter the interbank market, and the end customers cannot be traded directly.

This traditional foreign exchange model has low transparency, high transaction cost and operating cost, and low degree of points.

At this time, the transaction cost and operating costs are high, and the points are large. To collect information, the traders often inquire each other, and even in close proceedings.

The trader is therefore to pass some unwanted positions until the position is accepted by a terminal customer.

At this time, due to market information is widely scattered in dealers' counters, and traders or economists face more customers, the international foreign exchange market is only a transnational link between the dealer bank.

Li Zhongxin wanted to do foreign exchange deals, but it took a lot of time for a long time, and the book of Jiuxi gave him a book about foreign exchange transactions.

Through these foreign exchange transactions, Li Zhongxin learned about some of the eighties on foreign exchange.

At this time, most of them are MM mode, that is, the city. It is the foreign exchange trading platform that we use to buy and sell orders.

Doing a market is an investor's trading opponent.

Many times, the investor's order or the price of the opening, is not hung in the market, simply, the broker is the market.

They have a very obvious interest in the loss of investors, and investors lose money, they mean profits.

MM Doing the city business will definitely not re-quote the order, because they don't need to put the price given by the investor into the bank's market.

They just choose to accept your order or not.

It is popular that MM mode is to give gambling mode, easy to form a black platform.

Later Li Zhongxin exposed to a lot of black platforms, like some micro-disc platforms, basically all black platforms, they and the following investors were gambling, but trend was to see the investors in accordance with the international trend.

The second mode! Is STP mode, that is, the broker we said.

The STP broker is another form of business economy.

This economical, most of the time shows its own quotation, this offer has a certain offer with a certain amount of quotation.

The commission of the STP broker comes from two sources, one is the loss after the customer's failed, and the additional commission is a commission of success.

In the simplest example, when you trade two points of points, the broker has a point in the interbank market with the same offer, or there is no risk with another broker or bank. transaction.

That is, such a model is also difficult to guarantee fairness.

Li Zhongxin came to Tokyo this time, he wanted to study with the three wells, how can they avoid such trading modes.

Now is eight or five years, there is no such thing as the Internet, and will not trade directly in the network. Li Zhongxin feels that he must find a way to operate the most reasonable way.

Li Zhongxin is also a probably idea in the heart when learning foreign exchange transactions.

At this time, the London Forex Market is the best choice for Li Zhongxin.

When China has just reform and opening up, the UK has completely canceled foreign exchange control. It is basically a full market, and foreign exchange trading is constantly growing. At this time, it has maintained the world's first market position.

As a country in which there is no foreign exchange control, the International Market in the UK foreign exchange market is not obvious, and domestic institutions can participate in international foreign exchange market transactions, and foreign financial institutions have also been very small in the UK's domestic market.

It is because such a reason that the proportion of cross-border transactions in the UK's foreign exchange market is high.

More than 50% of the immediate transactions in the UK foreign exchange market are reached through an electronics and electronic trading platform (this is a single bank and multi-bank platform).

Providing an electronic foreign exchange transaction is Reutersdealing, which is developed by Reuters, this system, according to Li Zhongxin's future generations, it is a quite backward system, but in the middle of the 1980s, it belongs to the most advanced The trading system.

If the network is not invented, then this system may always use this time.

The main body of London's foreign exchange market is composed of Forex banks designated by England banks (domestic liquidation banks, commercial banks, other commercial banks and foreign banks) and foreign exchange brokers.

Li Zhongxin wants to discuss with the three wells, this time he came to Tokyo, you can't get a seat directly from the London Forex Market from Tokyo Bank.

Li Zhongxin has a deep understanding of the market trend of the foreign exchange behind the square agreement. This is a thing that he started from rebirth. He feels that this foreign exchange transaction must be made.

Li Zhongxin never wants to be used by what black platform or other economies to go to him most of the money.

In accordance with the current assets of Li Zhongxin and Sanjing Yada, they are now enough to engage in a small bank, then negotiating with Tokyo Bank, and open a seat directly into the London market at the Bank of Tokyo.

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