Vol 2 Chapter 24: Seek comfort

The Osaka Exchange Announced: In order to curb speculation and stabilize the orderly development of the securities market, starting from July 15th, the Nikkei 225 futures margin has been increased by 300%, and the handling fee has been increased tenfold on the original basis. Investors cannot trade on a single day More than ten.
Upon receiving the news, Shen Jian directly scolded his mother. As a threat, he is very clear about the trend of the TOSE. In the original trajectory, the TOSE collapsed and went all the way down to 7000 points, which is more than 10,000 points from the current 17,800 points. Such a TOSE, such a Japanese , Just sell it.
If you sell it, you can exchange it for money.
But... now the exchange has made an announcement, let alone continue to increase positions, even the current position has to be forced to liquidate.
Because the deadline on July 15 is the delivery date of the current Nikkei 225 main contract, only ten contracts can be traded per day for contracts after 08.
Ten pens, and a fart.
In the office, Shen Jiannan scolded while looking at the faxed documents.
William was also speechless for a long time.
This new exchange rule may not have any impact on retail investors on stock index futures, but the scale of company-level position holdings cannot survive the market at all.
There are only ten hands in Kaiping, and he is still playing a joke.
"Boss. Is the Securities Bureau crazy? Doesn't this mean giving up to Singapore the market that has only been recovered?"
Shen Jiannan didn't know what to say.
Although the securities market is also a zero-sum game, there is a difference after all. Precipitated funds and capital exist in different ways. The market value evaporated by the stock market is actually the total scale of currency circulation. The company's market value has shrunk and personal wealth has shrunk, and the corresponding money is actually eliminated.
But the futures market is different. The futures market is a completely zero-sum game. Regardless of whether the market rises or falls, it is left and right after all, and money flows from one side to the other.
This is so...to make way for the dollar at all costs.
"Mom!"
"What shall we do now?"
"..."
What else can I do!
Cold dressing.
On July 1, affected by the latest regulations of the Osaka Stock Exchange, the TOPEX, which had been consolidating, finally reacted. As soon as the market opened in the morning, it gapped down by two hundred points.
Because logically speaking, the profits of major securities companies mainly come from handling fees and position restrictions, which means that all major customer positions will be liquidated, and customers will be lost forever before the trading rules are changed again. This is for securities The company is undoubtedly the biggest disadvantage.
As soon as the market opened, the stocks of major securities companies were sold off.
Like the defensive positions of the trenches, the gaps affected by the new regulations immediately caused a series of chain reactions.
First Life Insurance, Securities Investment Department.
As Japan's largest insurance company, Life Insurance has always had ample cash flow. In order to preserve capital and maximize profits, it is undoubtedly a good choice to make a profit in the capital market.
But the market is risky after all. As the most professional financial company, it is the best choice for market design arbitrage product portfolio and stable income.
In order to avoid unavoidable systemic risks, the Investment Department also holds forward hedging positions of Nikkei 225 contracts while holding a large number of securities assets to avoid market systemic risks.
But now, exchange regulations mean that the company's hedging positions will be liquidated.
There is no choice at all.
"AEON Holdings reduced its position by 10%."
"Mitsui & Co., Ltd., all cut."
"Passenger Railway will reduce its holdings by 15%."
"..."
Public Annuity Investment Department.
Oda Koji looked at the faxed exchange announcement for a long time without words.
Having lost the risk hedging on stock index futures, in the current domestic environment, investment portfolios must be adjusted. Public annuities are related to the pension issues of all Japanese people and must not be lost.
Picking up the phone, Oda Koji dialed the extension of the trading department.
"Reduce the holding scale of bank stocks and notify the local king so that he can rush to Singapore."
Daiichi Life Insurance, Public Annuity Investment Department, Loss Insurance Holdings... The announcement of the Osaka Exchange just came out, and all the capital of All Neon moved. Adjust the product portfolio, reduce the scale of domestic securities asset holdings, and move domestic futures positions to the Singapore Exchange.
Tokyo, Stock Exchange.
Yamaguchi Kikumaru looked at the big screen in Chuo Ward, and he was completely confused. The East Securities Index, 16,330, fell 1,500 points, and the passenger railway fell 13%.
Because he worked in a bank, Yamaguchi Kikumaru knew that the bank currently has a lot of bad debts, and he deliberately avoided bank stocks when he increased his position, but he did not expect that the passenger railway, which has the most stable income and the most profitable, would also plummet.
Not everyone said that the market fell because stock index futures could be sold short. Why did the market fall sharply after restricting stock index futures? Why is the profit of the passenger railways that increase their positions the most stable, and there is no possibility of loss, and it also plummeted!
Looking at the dazzling green on the screen, Yamaguchi Kikumaru felt the world full of malice.
Buy it and fall.
I only covered my position yesterday, and it plummeted today. It's like someone is staring at his own money and deliberately against himself. It's like, as soon as he took money from the bank, he immediately encountered a robbery.
"Why is this?"
Yamaguchi Kikumaru looked at the screen in Chuo Ward and muttered blankly in his heart.
Obviously it is at the most critical support level of the golden section, and the trend is showing signs of upward movement, but it suddenly collapsed.
A deep despair surged, like a wooden stick with a thick fist hitting his head, leaving Yamaguchi Kikumaru's mind blank.
In order to make up for the previous losses, Yamaguchi Kikumaru used his position to temporarily misappropriate 16 billion to cover the position. As long as he rebounded by 25%, he could almost fill in the previous accounts.
But now, everything is in vain.
In a daze, Yamaguchi Kikumaru walked out of the exchange, and it was impossible to fill in the shortfall of nearly 10 billion.
That's it!
In summer in Tokyo, the temperature is already very high, and the sun shines on the body, and you can feel a burning sensation, but when walking on the road, Yamaguchi Kikumaru can not feel the warmth of the sun, only the coldness in my heart, which is more than a hundred years ago in Hokkaido. A blizzard and winter night is even colder.
Almost numb, despair hit Yamaguchi Kikumaru's brain. Walking on the road from the traffic, countless thoughts seemed to flash through his mind, but it seemed that he had never thought of anything.
The market has crushed all his beliefs, all thoughts, and everything has been completely destroyed in this crazy market.
Ling Ling Ling
The mobile phone in his hand suddenly rang, and in a daze, Yamaguchi Kikumaru subconsciously answered it.
"Yamaguchi-kun, a big depositor just asked about it, saying that the four billion deposits in the account have disappeared..."
"Ha ha!"
"Nani!"
"..."
Yamaguchi Kikumaru dropped the phone unconsciously, and continued walking with his eyes dull.
"It's over!"
Osaka, Jingai Middle School.
Shen Jiannan sat in the car and clutched his chest, thinking of the position he had been forced to cut in his account, he only felt that the money had been taken away.
Heartache.
It is clear that the TSE will continue to fall, but the position cannot be held.
"Michiko. My heart hurts, and my heart hurts."
An Hui Michiko was frightened.
Shen Jiannan clutched his chest, his face wrinkled in pain, like a patient with a heart attack. A sixteen-year-old girl, no matter where she had encountered such a situation, she was worried about her body and mind, and Michiko An Hui was immediately scared to cry.
"Akiyama sauce! What's wrong with you! Don't scare me. Woo-"
"Michiko, my heart is so miserable. I have lost a lot of money. I feel uncomfortable and my heart hurts. Can you comfort me!"
"Woo-"
Shen Jiannan was dumbfounded.
The little girl was talking ~EbookFREE.me~ and she lay on her lap, crying and blooming, and her body trembled as she cried.
"Michiko, stop crying, I am teasing you."
It's okay if she doesn't comfort her. As soon as she comforts her, Michiko An Hui cries even harder. Just now, she saw Shen Jiannan's painful look like she was teasing her.
"Woo-Michiko is useless, can't help Akiyama-chan."
"Yes, yes, Michiko can help me."
"Ok?"
"only you......"
"what!"
"Don't lie to you, really."
"..."