Vol 6 Chapter 12: Flies are small but fleshy

LME is the world's largest copper futures trading market. It was established in 1876 and traded in non-ferrous metals such as copper, aluminum, lead, zinc, nickel and aluminum alloy.
　　 The accumulation of more than one hundred years of time has given this exchange a very high reputation around the world. The open interest of hundreds of billions of dollars in copper futures has given it a strong financial pricing power for global copper prices.
　　 Yes, it is financial pricing power.
In modern economic theory, the main factor determining the price of commodity resources is the relationship between supply and demand. However, with the continuous advancement of information technology, the scale of forward market contracts has also continued to expand. Telephone, computer, and fax orders are rapidly increasing in the electronic zerg. In development, the inherent logic of supply and demand has long been unable to tell the true relationship between price variables.
　　 For this, Binzhong Tainan knows very well that as the chief trader of the Non-Ferrous Metals Department of Sumitomo Commercial, the size of his 6 billion U.S. dollar position in London Copper once affected the price of global copper resources.
　　.%.
　　London, non-ferrous metals trading department of Sumitomo Corporation.
　　 Binzhong Tainan looked at the price quoted by Lun Tong March on the Central Computer and fell into deep thought.
As the largest copper export company in Asia, Sumitomo is a natural short position, because when the price of copper is profitable, as long as the corresponding selling position is established on the copper futures, it can avoid the unpredictable systemic risk of copper price fluctuations. Lock the risk in a certain space.
　　 But there is a very contradiction, that is-when the risk is locked, the profit is also locked in a fixed space.
　　 If the copper price drops to an extremely downloadable space, then the profit will be locked even more narrowly.
　　 Within a week, the price of LME copper fell by another 5%. If things go on like this, the low price may not even be able to hedge the spot sales share of Sumitomo's major copper companies in the world.
　　 "Kun Yoshino. In your opinion, what is the purpose of Capital One?"
　　 Picking up a cigarette and lighting it, Binzhongtai male turned his eyes to his assistant Yoshino Yamashita, and the analyst with rich trading experience couldn't help but frowned.
　　 According to reason, given the influence of Capital One in Europe, it is completely unnecessary to cooperate with Sumitomo. However, the actual controller of Capital One has found Sumitomo.
　　 Can the big pay a New Year greeting to the weasel?
　　I can think of it with my ass, there is definitely a lot of trickiness in it.
"My lord. Although the people of Huaxia have vast land and abundant resources, they are extremely poor in mineral resources. Both copper and iron ore have very low taste. Maybe they want to cooperate with us to suppress copper prices and buy more. Resources."
　　 "This doesn't make sense. As far as I know, Shen and the polar bear are very close."
　　 "Then they just want to make a fortune in the futures market?"
　　 "......"
　　 This question caused a hint of sarcasm in the eyes of Binzhongtai men. Sumitomo holds the world's largest copper futures position. It is not for anyone who wants to make a fortune. The Great Japan Empire is not a waste like Britain. It was rubbed on the ground and still thinking about making money.
　　 "Yoshino-kun. No matter what they want to do, I think this is an opportunity. Without more positions to join, how can we make money. Do you think it is."
　　 "But we have an agreement with Capital One."
　　 "So what. Whoever has the biggest fist in this world has the final say. Besides, everything is just a verbal agreement."
　　 "What do adults mean?"
　　 "Hua Xia has a very famous idiom called "Charge and Encounter". But when I read the Romance of the Three Kingdoms, I learned that being engulfed is actually a tactic, a tactic of encircling the enemy and then destroying it.
　　 Yoshino Yamashita didn't know how Hamamaka Tainan got involved in the Three Kingdoms. As a loyal arcade fan, he reflexively thought of his favorite Three Kingdoms.
　　 "Does your lord also play Glory Company's Romance of the Three Kingdoms? I can hit Lu Bu's level with one coin."
　　 "......"
　　The painting style suddenly changed, and Hamamaka Yasuo looked at Yoshino Yamashita with excitement, almost choked by smoke.
　　 "Bagaya Lou, you idiot who is unlearned. I am talking about tactics, not games."
　　 "......"
　　I’m just asking, what's the cruelty?
　　 Yoshino Yamashita looked a little bit aggrieved at Haminaka Tainan, the trading business is really boring, isn't he just fostering an interest in distracting pressure.
　　 "Shen Jiannan is right to say that the ongoing financial crisis in Europe is an opportunity for us. If the global copper price plummets as a result, we can buy more copper companies."
　　 What does this have to do with the Three Kingdoms you mentioned?
　　 Yoshino Yamashita did not dare to speak, but still couldn't help but slandered a few words.
　　 "Subordinates are dull, please give me some advice."
　　 Yoshino Yamashita’s respectful attitude made Haminaka Tainan feel infinite pride in his heart. He stood up and walked to the glass curtain wall and looked at the sea that was not far away. A trace of warfare flashed in his eyes.
"Since Shen Jiannan wants to take the opportunity to make a big profit by shorting, then we can completely snipe off their short positions. When all of their short positions explode, the copper price will be pushed to a new high. Wouldn't it be a huge profit? ."
　　 For Binzhong Taitai's madness and indomitability, Yamashita Yoshino was not surprised. As a help, he knew very well how hammering the character of the ‘hammer’ was.
　　 In order to control the global copper price with both long and short losses, Binzhong Tainan even asked DLT Brokerage President Shirell Kaide to provide him with false trading certificates last year, in order to conceal the size of Sumitomo's actual positions on the London Stock Exchange.
　　 Let Sumitomo become the world's strongest seller of non-ferrous metals, and restore Sumitomo's dominance in the global copper market during the middle period. This is the goal of everyone at Sumitomo.
　　 Furiously looking at the Hamamaka Taio standing in front of the window, Yoshino Yamashita hey and respectfully lowered his head.
　　 "What the lord said is. Then how big a long position should we establish."
　　 "Stupid."
　　 "Ha Yi!"
　　 "Get in, get caught. We have to establish a bigger short position so that all the short positions in the market get caught first, you, understand?"
　　 "Ha Yi!"
　　 "Remember, at the same time, you must establish enough long positions, but you must not let people discover the problems."
　　 "Ha Yi!"
　　 "......"
　　 You have Zhang Liangji, I have a wall ladder.
　　 Binzhong Tainan didn't know that when he calculated the first capital, some people also regarded him as prey.
　　 Reputation?
　　 The agreement in black and white is a piece of waste paper in the face of interests, not to mention unfounded reputation.
　　.08, buy 10.
　　.08, sold 11
　　.
　　.10 sold 9
　　......
　　 Canary Wharf, Capital One Investment Department.
　　 Under William’s instructions, the traders present abandoned a keyboard in their hands and boringly tapped back and forth on the keyboard.
　　 will buy and sell.
　　 It took half a morning, but there was no profit-loss ratio on the total account.
　　 This is nonsense.
The three contracts on the long position hold a total of 57,989 contracts, and the three contracts on the short position hold a total of 57,986 contracts. The spread is only 0.05. What the is there in the profit and loss interval.
　　For traders, this is very boring.
　　 I was stunned all morning watching the floating profit and loss fluctuations, so boring people almost fell asleep.
　　 Anyway, no matter how the market fluctuates, there will be no huge profits and losses. Who has the heart to pay attention to what kind of fluctuations the market is like.
　　 "Boss. What are we doing this for? God, this is really boring."
For what?
　　 Thinking of those words said by Shen Jiannan, William felt a sense of superiority in IQ.
　　 But in fact, he doesn't know why.
Does 　　 matter?
　　 has nothing to do with it.
　　 But one thing is for sure. The boss used this tactic of making no distinction between the enemy and me, but once smashed the Bank of Finland a lot~EbookFREE.me~ No matter how you want to cheat your friends, the result will be very pleasant.
The words 　　 defeated country are enough to explain everything.
　　 Ling Ling Ling
　　 Suddenly, the phone on the desk rang, and William dropped the cigarette in his hand and grabbed the phone quickly.
　　 "William, it's me, what's going on over there."
"President Lamont talked with me yesterday. He said he would talk with David King, the president of the London Stock Exchange, and try to adjust our margin to the lowest possible level. At present, we hold roughly the long position and short position. With 60,000 contracts, the price of copper has dropped to around 2361."
　　 Hearing that Lamont was doing his best to negotiate with the London Stock Exchange for the company's transaction costs, Shen Jiannan felt quite satisfied.
　　 Not to mention anything else, even if money is put in the bank, there is a fixed income that can be earned. If it is used to lend, the income can be increased several times.
　　If the London Exchange can provide the lowest margin, it will mean that the cash flow to be used by Capital One will be smaller.
　　The money saved is all real money.
　　 Although small, flies are meat.
Is not it.
　　 It can be considered that the of Lamont did not get a salary of 10 million pounds in vain.
"Very good. But in two days you may be busy. Two of the newly developed products of Nanbo Bank have been capped. The money will be handed over to you for operation when it is processed. It is time for the Spencer family The people have a little bit of color and took a look."