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Chapter 625 Trading Pool

In European and American countries, the concept of central banks is very clear. They enjoy the privileges of currency issuance, formulate financial policies, and work as interbank clearing institutions, etc., all of which are dominant work in the financial field. The central bank is known as "issuing banks, banks of banks, and government banks".

The Bank of England in the City of London is a typical and original central bank. The main difference between it and the Central Bank of China is that it is a private bank and the other is that it does not do what commercial banks do.

But in terms of the most important financial attributes, the Bank of England and the Bank of China are the same. Although China did not have much foreign exchange reserves in 1994, it had the privilege of issuing trillions of banknotes every year. It is a real central bank of a big country. Anyone can imagine tons of political and economic aid.

Therefore, when Su Cheng led the foreign exchange manager of the Central Bank of China to introduce to everyone that he was the contact person of the State Bank and Dahua Industrial, a group of foreigners who did not know the truth all changed into shock and envious eyes.

After a while, the foreigners' expressions gradually turned for granted.

In the eyes of Europeans who don’t understand the inside story, it seems normal for Far East companies that can attract attention from the world’s financial center to receive support from the central banks of the Far East countries.

In the eyes of Europeans who know a little bit about the inside story, it seems normal for China's Central Bank, which is still doing commercial business, to become the main bank of Chinese companies.

As for those Europeans who know China very well... they may exist in a corner of the world, but they will definitely not appear in the futures trading hall of the City of London.

In just a few seconds, the greetings greeting Su Cheng suddenly became enthusiastic.

"Mr. Su, our IFC still has the remaining seats. If you want to use it, just let me know."

"Mr. Su, the price of coffee has also risen a lot. This year is a good time to invest in coffee. If you have time, you have more than ten times the profit. Please pay attention."

"Mr. Su, we are Lewis Financial Loan Company, with strong funds and undertake guaranteed loans and credit loans..."

Tian Dongliang also woke up from the chaotic state, grabbed Su Cheng in surprise and asked, "Dr. Su, what are you doing?"

"Come and say hello to gentlemen in London City." Sucheng waved forward.

Tian Dongliang waved his hand foolishly, attracting a friendly smile in front of him, looking like a blooming human flower field.

After putting down his hand, Tian Dongliang woke up from his cute state and said in shock and angrily: "Dr. Su, you are too unauthorized. If you want to let the country know about this, you must peel off my skin. No, no, I have to introduce it."

Su Cheng gently patted his shoulder and smiled and said, "Are you the manager of the Foreign Exchange Department of Bank of China? Are you also our contact person at Bank of China? Or, Dahua Industrial is not a customer of Bank of China?"

"You are talking about the central bank." Tian Dongliang was a newcomer and was deceived by Su Cheng. It was not because he lacked IQ, so he grasped the key at once.

Su Cheng said indifferently: "Bank of China is both a business and a central bank. This is determined by its own business model, not by me. If you want to explain it to everyone, then explain it."

Just kidding, if Bank of China does not operate as a commercial bank, Dahua Industrial will not be able to become a customer. Even foreigners will know this.

However, even if it is exactly the same, it will be different if it is said by different people at different times on different occasions and at different times.

If Dahua Industrial is just a weak manufacturing company or a powerful pure manufacturing company, no one would regard the central bank as its main bank. However, Dahua Industrial is an energy company and a well-known powerful energy company, which is different.

In more than 200 countries and regions around the world, there are not many countries that can own pure central banks like the Bank of England, with a total of far less than 100. There are not a single country that does not support large domestic energy companies.

Even if it comes to the point, the number of large energy companies without state support is rare.

Going further, if a large energy company can become bigger and stronger without the support of the state, then there will naturally be some national governments to recruit it. Halliburton is an example. This asset is hundreds of billions of dollars, and American companies with branch structures in more than 180 countries around the world take the initiative to apply for the relocation of their headquarters to Dubai. It is obvious that the expensive taxes and public relations costs are much more than bribing the Arab chiefs.

Tian Dongliang's English is good, and he can win English awards in the banking system. However, standing in the lobby of the London International Petroleum Exchange, Tian Dongliang's words are exhausted.

Forget it, just think that I don't know what's going on.

Tian Dongliang lowered his head and became an ostrich. He now understood that Su Cheng delayed withdrawing money for more than half a month, which was the hush money he had.

Su Cheng was so happy, as if showing off, he walked around Tian Dongliang and finally stopped by the trading pool.

This is also the most core and busiest place in the entire exchange.

In the trading pool surrounding the circular pillars, dozens of traders shouted loudly and stretched out their fingers to look different shapes, either spreading their five fingers toward their palms, or hitting their faces inward, or hitting their thumbs down, or upward, or clenching their fists, or pinching their fingertips...

There are two people sitting on the high platform next to the trading pool. They are similar to the host, monitoring the market and confirming transactions.

Traders have electronic displays around their waists, and they can receive various in-market or off-market instructions from above. Traders complete the order transaction through gestures and shouts.

Generally speaking, a transaction can be completed and confirmed in just a few seconds, which is slower than electronic transactions, but it is much faster than people think.

The traders on the field are all masters and apprentices, and they are brought out from generation to generation. They are very honest. If someone breaks the contract, they will never find anyone who is willing to trade with him. The result will be that they will be eliminated.

Tian Dongliang suddenly watched and couldn't help but say in Chinese: "Is this the public bidding of the London Exchange?"

"Yes, have you seen it before?"

"There are also in China, and there are also in China." Tian Dongliang repeated twice, staring at the bottom, as if he was afraid of disturbing them, and whispered: "The Suzhou exchanges, Zhengzhou, and Shanghai metal futures exchanges all use manual yelling prices, but they are not so lively, not so... professional."

"It feels different when shouting in English and in Chinese, right?" Su Cheng was also surprised when he first came.

Even after 20 years, the trading methods of manual yelling are still widely present on major exchanges around the world, especially in financial news. Whenever stock prices change or crude oil prices change, a group of yelling traders will always be released on the TV screen as a background. For people who are not sure, it is childish and ridiculous.

However, in such trading pools of more than 100 square meters, groups of childish and ridiculous traders who shout and scream like children affect the cost of living for most people in the world. Food prices, feed prices, coffee prices, coal prices, steel prices, non-ferrous metals prices, and commodity prices around the world are basically found in futures exchanges.

By the 21st century, even if you live in the deep mountains, you will not be affected by the futures market. The first thing to consider is the price of grain. Whether it is rice, wheat, soybeans and peanuts, their prices are found in futures trading. All seasonings are also made into financial derivatives, not to mention bulk fertilizers and feed, agricultural tools, cotton and wool textiles used to make clothes, wood, channel steel, and screws used to build houses. Even locally produced cement and bricks are still affected by the energy costs in production and the energy costs in transportation, and their conduction speed is often beyond people's imagination.

In Tian Dongliang's eyes, he had his own experience of witnessing the operation of world economic bearings.

He quickly fell into memories and smiled and said, "The first time I saw an artificial price call was in school, watching videos. The internal video was remembered as the Nasdaq in New York, USA. I didn't understand at that time, and everyone laughed and said everything. Later, I visited the domestic exchanges several times and suddenly noticed the difference. Now I am on the scene, and I feel more profound."

Tian Dongliang studied finance all his life, and was completely infected at this time. He said involuntarily: "Look at the electronic screen above his head, the trader first reached an agreement on the transaction price and trading volume, then knocked the data into the electronic system and then displayed it on the screens all over the world. I didn't expect that we could also witness the formation of these prices. It's great."

Sucheng changed from a tour guide to a tour guide, and then he naturally turned around. He pointed his hand forward and said, "Milton, the tall bald one is our trader. He has been trading for us two months ago."

"Dahua Industrial bought a seat?" To enter the trading pool to do a transaction, you first need a seat.

"The Pan Asia Fund rented one." Su Cheng corrected it a little.

"How much?" As soon as he said that, Tian Dongliang said embarrassedly: "You don't have to worry about me for professional habits."

"This is not a secret, the rent is about $10,000 a month."

Tian Dongliang was surprised and said, "It seems quite cheap. It costs 10,000 or 20,000 yuan to rent a seat in China. What about buying one?"

"Crude oil seats are relatively expensive, more than 2 million US dollars. Coffee futures are also very popular now. It is said that Brazil's coffee production cuts, with seats of about 300,000 US dollars, but renting for only 1,000 US dollars per month. Metals and sugar are cheaper, about 150,000 US dollars. What about domestic?" Sucheng also asked casually about the price. Pan-Asian funds do not need to be stationed in exchanges for a long time, and renting seats is more convenient than buying seats.

Tian Dongliang works in Bank of China and deals with industry insiders every day. He casually said: "The seats on domestic futures exchanges cannot be bought and sold, they can only apply for them. The fee is about 600,000 yuan. If it is not possible for individuals, they must be futures companies or large spot merchants. By the way, copper futures this year are very popular. The copper price has risen from more than 20,000 to more than 30,000 yuan, and the seat price seems to have reached more than 10 million yuan."

"Copper price." Su Cheng touched his forehead. He had no idea about this kind of information. If the news was predicted, the price would rise by 50, and at least ten times the profit would be made. For merchants with relatively small plates, it would not be an exaggeration to reach the sky.

However, at the scale of Dahua Industrial, a few trading pools such as crude oil can accommodate it.

Tian Dongliang quickly focused his eyes on the tall bald Milton.

There was a group of traders around this guy. He saw his hands flying in the air, from left to right, and from right to left to respond to other traders. Whenever hesitated, he would quickly skip and trade with another trader first.

That action made Tian Dongliang think of a one-to-many chess game - the masters parade on the field. Every time they arrive at a chessboard, they will move chess without thinking, and on the other side of the chessboard, there is another chess player who is thinking hard to make the background.

"He is constantly selling short?" Tian Dongliang could see the movements in his hands.

Su Cheng nodded and said, "The money we prepared is for here."

"This guy looks like a whale. There are at least 20 people across from him. Are there dozens of companies?"

"There are customers behind the company." Su Cheng nodded again.

Tian Dongliang took a deep breath: "You are doing the right thing with half of the market."

"You've known it a long time ago." Su Cheng said with a smile and said, "However, you can see clearly in the market where prices are called by manual, right? There are more than 20 traders opposite a trader, and more than 20 traders are playing soy sauce. The support rate of both long and short sides was immediately revealed."

Tian Dongliang looked at the crowd in the trading pool blankly. Milton was as energetic as a vulture. He kept selling crude oil. In August, September, and October, people couldn't see the key points. If you only concentrate for five minutes, you would feel that you were not energetic. It was difficult for Tian Dongliang to imagine how these traders persevered over time.

He turned his head and happened to see Su Cheng's focused gaze. He couldn't help asking, "Why did you bring me here?"

"I must also want to know about this information in China. I originally wanted to write a report by myself, but I happened to meet Manager Tian. With your education and work background, it seems to be more appropriate than me." Su Cheng rubbed his chin and said with a smile: "I will not ask to view your report, nor do I ask you to write anything, as long as it includes our job in London."

After a moment of pause, Su Cheng looked at Tian Dongliang's eyes and said, "If there is no accident, not only at the ministry level, but the State Council will also be interested in news in this regard. How about it? If you are willing, I will send someone to accompany you for the inspection."

"How can I write it?"

"As long as the facts are true, you can write it anyway." Su Cheng did not intend to change his nationality, and his company would not change his nationality. As a Chinese and a Chinese company, the biggest constant is imperfect laws, and the best dividend is also imperfect laws. For Dahua Industrial, the inside transactions in the international futures market are absolutely unrelated to violations of the law. If foreign courts want to sue, it is even more of a very low success rate.

Tian Dongliang was heartbroken.
Chapter completed!
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