The biggest difference between futures trading and the stock market in China and the ordinary commodity market is that it can buy short and sell short.

The so-called empty means "credit". You have nothing in your hand, but you want to participate in the transaction, so you borrow money to buy and sell things.

In crude oil futures, short selling means to sell crude oil, so they borrow crude oil to sell. Whether the short selling party has crude oil does not affect whether it has crude oil, and no one cares.

However, when the contract expires, you will have to pay back whatever you borrow.

Those who sell crude oil short will have to return it.

For financial companies, they can close their positions before the contract expires, earn the difference between buying and losing the transaction.

The financial operation departments of industrial producers such as oil companies can also allow the company's crude oil to be shipped to the delivery warehouse, which is really for sale.

Because futures have this characteristic, traders like Vulture Milton don’t have to care about how much crude oil Dahua Industrial or Pan Asia Fund has. As long as they have funds, they can keep shorting.

In the capital competition, since Hirano Hidetoshi never waited for the Allied Army and faced siege from many institutions, it was already difficult.

Milton, who had the opportunity, threw out 10,000 crude oil in one breath.

If 10 million barrels of spot crude oil are loaded, it will require five largest 300,000-ton tankers, and it will be difficult to park normally in most ports in the world.

However, the futures market only needs one document to complete the transaction, and its trading price reached US$160 million. Using 10 times of leverage will also cost US$16 million. As for the higher leverage coefficient, Hirano Hidetoshi's current state, he dare not do it. Senior traders who silently regard this matter will not allow him to really increase his leverage.

Hideto Hirano had a split headache and didn't know what to do.

The $2 billion he had spent was almost the same, which was his maximum amount.

Now that Sumitomo Corporation, which is so powerful in doing long, will lose at least hundreds of millions of dollars. If the market reaction is bad, it will not be surprising to lose 1 billion US dollars.

"I want it." Just as Hirano Hideto was about to die by closing his eyes, a trader suddenly spoke out to save him.

Milton was a little surprised, but he still made the transaction according to the rules.

Hideto Hirano twisted his body and drilled out of the trading pool.

The newspaper deliveryman was waiting there, lying in his ear and shouted, "Ito Trading Company has decided to join."

"The trader just now was from Ito Trading Company?"

"Yes, the execution trader of Ito Trading Company." The execution trader is a trader who acts as an intermediary and executes the trading requirements of one or more customers. After obtaining the customer's order, the execution trader completes the transaction in the trading pool. After the transaction order is confirmed by the customer, the process is considered to be over.

Such a trader doesn't care whoever is from, and whoever is executed, even if he is from whoever is from.

Hidetoshi Hirano was very calm, but he couldn't help but complain: Did these guys decide to enter the market after seeing the price of crude oil very low? In this way, we will bear all the risks. They are really selfish guys. If Dahua Industrial closes its position now, they might be able to make some money as well.

In the past year, crude oil prices have rarely fluctuated at $2, so in the subconscious of many traders, $2 is definitely a signal that can enter the market.

If the fundamentals of crude oil do not change, this idea is not too outrageous. After all, Pan Asian funds always have to take profits.

Having said that, Hirano Hideto is still very grateful to Ito Trading Company for its actions. The market is a very strange creature. Before things really happen, the so-called predictions will always be wrong. Whenever this situation occurs and there is no sufficient prevention, the result is often devastating. If the crude oil price falls by one or two dollars, the guarantee deposit from Sumitomo Commercial Bank will not be enough, and the tight string may be broken at any time.

"Do you know how much money they have prepared?"

"I don't know, let Mr. Shigeru Nishioka tell you." The newspaperman yelled and gave up his position.

Shigeru Nishioka's face was revealed: "Mr. Hirano, we have been authorized by the senior trading company to fight side by side with Sumitomo Trading Company."

"How much money do you have?" Hirano Hideto almost yelled in his ear. At the same time, he also said in his heart: I have not received authorization from the senior management of Sumitomo Trading Company, and my shoulders can only be touched to your thighs."

Shigeru Nishioka said in a majestic voice: "The funds are enough to reshape Hirano's glory."

That is, it is almost the same as what Sumitomo Trading Company currently uses.

"That's great." Hirano Hidetomi smiled. With another $2 billion, whether it is using 20 times leverage or 10 times leverage, it may be able to hold on. With the decline of oil prices, the market has gradually digested the impact of bad news. Once other companies turn long for profit, they will be rescued.

Shigeru Nishioka continued: "How much authorization do you have left?"

Hidetoshi Hirano said: I don’t even have a $100 million authorization.

He did not answer immediately, but Shigeru Nishioka continued loudly: "Okay Ito Sai said that Ito Trading Company will help Sumitomo Trading Company achieve the final victory, please continue to work hard..."

Even in the chaotic environment, Hirano Hidetoshi heard the implication that Ito Trading Company would not charge forward.

"Thank you, Lord Ito Sai." In order to avoid showing a disappointed expression, Hirano returned to the trading pool after saying that.

Shigeru Nishioka smiled and went back.

This is his task, telling Hirano Hidetoshi that it is impossible if Sumitomo Business wants to reap the benefits of the fisherman. Ito Trading Company will only help but not take the lead.

A minute later, Hirano Hidetomo got to the edge of the trading pool, called the deliveryman, and sternly said: "Tell the people above that if you don't give me more authorization, Ito Trading Company will stop going too long, and the consequences will be borne by them."

The deliveryman was frightened and asked, "Who am I going to tell?"

"No matter who it is, tell the guys in the office to find senior traders. I have done everything I can. If they don't show up, everyone will die." The financial market is always result-oriented. If the practice of Hirano Hidetoshi, if it ultimately causes losses, he will definitely be called a rogue trader. But if the final result is profitable, he might have a reputation as a genius or bold and careful.

Time is Jinqi, and the sender has no choice but to return to the seat and said Hidetoshi Hirano's request.

The representatives in the seat naturally did not dare to make a decision and called back again.

During this period, Hirano Hideto naturally couldn't provide funds. It was all up to Ito Trading Company to barely maintain the oil price above $16.

However, when Hirano Hidetoki looked at the trader's embarrassment, he knew that the situation was not optimistic. If Sumitomo Trading Company did not take action, Ito Trading Company would never wait for its $2 billion to be consumed.

The senior traders upstairs should be in a dilemma.

Choose one of the violations and huge losses? For any trader, this is the scene that he least wants to dream of, and it will definitely wake up from the gap between two beauties.

Soon, the seat representative finished the phone call, ran over, shouted Hirano Hideto, and said, "I didn't find two senior traders."

This is different from Hidetoshi Hirano's script. He frowned and said, "Do these two guys prefer to lose all the company's funds than to show up?"

"I did not receive any instructions." The seat representative shouted in Japanese word for word: "Hiron, now you can only rely on you."

"I don't have funds, it's useless."

"You still have funds but haven't used up."

"Why, I've forgotten it several times..." Hirano Hideto stopped suddenly.

The seat representative showed an expression you knew and bowed, "Please keep working hard. Before we find a senior trader, we will all listen to your orders."

Hidetoshi Hirano was stunned. He was still a little too inexperienced. With such a simple contradictory scene, how could the two senior traders fall into the trap. They silently improved Hidetoshi Hirano's financial authority and made his hard-core confidants deny their existence. As a result, Hidetoshi Hirano once again became a puppet on the front desk.

Moreover, the danger of him continuing to do it is even greater.

Although the funds were raised by some senior trader, the headquarters did not admit that in Japanese companies, Hideto Hirano would definitely not allow money like this.

The nightmare pounced on Hirano Hideto's head again.

"Does these guys want to mention me overseas?" Japanese trading companies are extremely cruel. If you neglect, you will be transferred to other places or branches below. Dahua Industrial has also learned this consortium-style organizational method, which has a significant effect. Although employees are rarely fired, and there are not even many people who have reduced basic salary and insurance premiums, for employees who have finally entered a large company, there are several people who are willing to spend their lives in the dim small room of other places.

Getting a salary is only to meet people's own survival needs. As a member of society, people still have the need to realize their own value. They will not be willing to give up their future unless they have to.

This is even more true for a great young man like Hirano Hideto.

"Do you want to continue?" The trader at Ito Trading Company received new instructions and was busy trading while rushing to Hideto Hirano's side and yelling.

Like Hirano's previous strategy, he also wanted to divert the traders around him.

Hirano Hideto smiled bitterly, gave up his thought of retreating, and raised his hand.

A few seconds later, a $50 million contract was finalized, and more than ten seconds later, the office made a confirmation.

The amount of funds has indeed been increased.

Hirano Hidetoshi didn't know whether he should be happy or not, but his goal was achieved, but the process of achieving it made him feel sad. The irresponsible superior made you unable to scold even if you wanted to.

Oil prices continued to stabilize between US$16 and RMB16 and a half, but in order to find this price, the number of transaction lots completed by the entire London International Crude Oil Exchange was almost the same as the usual amount in a week.

Tian Dongliang was even more dizzy by the transactions of hundreds of millions of dollars. Until the price gradually stabilized, he asked repeatedly: "Has Dahua made a profit?"

Liu Yi smiled and said, "Of course I made a profit."

"It's just less than an hour, I've made a lot of money, right?" Tian Dongliang didn't know the share allocation of Pan Asia Fund, nor did he know the early position building. Even so, he thought secretly that as long as Dahua Industrial had more than 10 shares, he was afraid that he would make more than 1 billion US dollars. With Dahua Industrial's enthusiasm, the shares might be more than 10.

Liu Yize smiled even happier, raised his chin and said, "It's impossible for an hour. Keep watching, there's still a good show."

"Also? You haven't withdrawn yet?" Tian Dongliang felt incredible. He thought about it and said in surprise: "Do you want to go too far with your hands?"

If you can close your position quietly and then go long, then as the short side's strength weakens and the strength of the long side increases, going long by the backhand will make money.

However, with the Pan Asia Fund's plate, it was too difficult to turn the hand, and Liu Yi said indifferently: "Dr. Su has prepared more than this, and the main course has not been served yet."

He was willing to reveal the news to Tian Dongliang, and he also needed to settle the entire process roughly and write a report in a complete manner. For Sucheng, Tian Dongliang was a political insurance he bought, and it was a low-cost, high-payment and bonus value-added type.
Chapter completed!