Chapter 1684: Flash Crash of the British Pound

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The biggest feature of fat fingers is that it is difficult to predict. This kind of market is a sudden market, and there is no trace at all. No one can predict which trader will make a mistake in the next second and hit an extra 0, or the reverse operation will trigger a huge amount. sell order.

But if it is true that there is no trace to be found, those veteran drivers who are well versed in financial market routines will unconsciously curl their lips, such as Alan.

"You are as naive as the media outside~" Allen has a Big Mac burger in his left hand, with a huge crescent gap on it, which must have been done by his big mouth, with thick French fries in his right hand and a milkshake for a second Zhong Yi, there are 2 empty boxes of French fries on his table.

Listening to Allen's complaints, Yang Cheng directly retorted, "Please be a human being, you can't stand the way you eat!"

"Actually pigs won't die, I will~"

"Why haven't I seen this miracle after knowing each other for so many years?"

Allen put down the hamburger reluctantly, but the French fries one after another, "Speaking of business, you should know that fat fingers are an excuse made by the mastermind behind the scenes."

While Yang Cheng lowered his head and meditated, Allen quickly picked up the hamburger and bit off more than half of it in one bite, with sauce and half a slice of pickled cucumber remaining at the corner of his mouth.

He said vaguely, "Looking at the famous 'fat finger' market several times, most of them are when the overall market is relatively light, such as when the market is in the middle of a correction and the trading volume is relatively small. Basin water may cause the effect of monstrous waves.

Also, don't you think that every time fat fingers appear, it is a tacit understanding of the big market trend? And the direction is generally consistent with the general trend. Since the United Kingdom announced the Brexit referendum, the exchange rate of the British pound against the US dollar has been falling. Seeing that it is about to reach the bottom and the downward trend will come to an abrupt end, it is not surprising that fat fingers suddenly appeared. ?

Of course, the flash crash of the British pound did not achieve the worst impact. It was entirely because the timing was wrong and it did not achieve the effect of market panic follow-up. "

Yang Cheng nodded, "You're right. Fat fingers are often just an excuse for people not to be able to find the reason for the sharp rise and fall. It's hard to define whether it's really a misoperation or intentional."

Speaking of this, he suddenly paused, and asked in a playful tone, "Could it be that you heard some news? Or noticed something?"

Allen smiled mysteriously, "Today, the pound fell by 6.1%, the lowest point in 30 years. It is no less terrifying than last year's Swiss franc incident, but you know the reasons for the Swiss franc incident, don't you think Is it a bit like this sterling flash crash?"

Hearing this, what Joe Lewis said to him suddenly popped into Yang Cheng's mind. He seems not very optimistic about the national currency~

But he wondered again, does Joe Lewis have such great energy? At that time, he wanted to recruit himself into the group, was it not to find himself to share the pressure?

"Quickly tell me, what news did you receive? Is there really someone maliciously shorting the pound? Just like Soros back then?"

Allen swallowed at the hamburger. God knows why he is still not tired of eating tens of thousands of hamburgers in his life. There is also a sense of freshness that he hasn't eaten for a long time. It is as puzzling as this flash crash of the pound.

"There must be malicious short-selling factors, but they have not yet reached the level of Soros. Although the pound plummeted from 1.26 to 1.1819 this morning, it quickly recovered to around 1.24."

Yang Cheng was puzzled, "Is it related to the U.S. dollar? The Fed is basically determined to raise interest rates, and some markets are not optimistic about the British economy. The risk sentiment has increased."

Before he finished speaking, Allen shook his head vigorously and retorted, "No, no, even if the dollar rebounds, even if the prospect of Brexit is negative, it will not be enough to cause the pound to collapse instantly. The reasons behind it are too complicated, and I am not sure. , but my gut tells me it's definitely not an accident."

Yang Cheng is still trying to put the reason in an unexpected direction, "Is it possible that it is caused by electronic trading? Especially today when algorithmic trading is becoming more and more popular,

In thin markets and low trading volumes, such trades may trigger automated trades.

Moreover, the market this time lacks the support of fundamentals. The European and American markets are closed at the time point, and the market liquidity is insufficient. If it is artificial, it will never pick such a time point to launch an attack. "

Allen smiled, and wiped his hands casually on his clothes. Yang Cheng, who looked sloppy, frowned, and convinced this guy.

After wiping his hands, he picked up the ipad and faced the screen, "Look, with the flash crash of the British pound, the gold market has also fallen by more than 6%, and there are several forces that are madly smashing orders, and they are making a lot of money~"

The ipad, worth $799, was thrown out of the screen by Allen.

Yang Cheng was stunned, "You mean someone threw a fat finger to make a profit in the gold market?"

"It's not difficult to understand, right?" Allen picked up the burger again and gnawed it.

"Who is it? The reason why he took so much trouble, can I understand that he himself does not have enough confidence and strength to directly short the pound?"

Allen pondered, "It's possible~ I really don't know who it is, there are too many lunatics in this world."

Yang Cheng sighed, "I see~"

"I also called you to remind you that investment in the UK can be increased in the recent period, and such opportunities for bargain hunting are rare."

"Do you have any good suggestions? The British real estate market has been very stable~"

"I don't do business. Anyway, I need to exchange it into British pounds for purchases. You can do it now~"

"I see, thanks buddy~"

Allen raised the hamburger and signaled, "This is my job, hang up, I'm going to eat~"

The screen and Yang Cheng's face turned black at the same time, forget it if you eat to death!

He tapped his fingers on the table a few times quickly, and shouted towards the door, "Is anyone there?"

A maid opened the door and came in, "Master~"

"Ask Carson to come to the study, and squeeze me a glass of juice to make it cooler, thank you!"

"Okay sir, come right away~"

A few minutes later, Carson knocked on the door with juice, "Master, the guests are gone~"

"Hmm~ Is the contract signed?"

"Thomas is very cautious. He took the contract and went back to find a lawyer~"

Yang Cheng didn't take it seriously, "It should be, you can just keep an eye on this matter, how much money you need go to the manor's account first~"

"Understood~"

"One more thing, did you know about the flash crash of the pound this morning?"

Carson was taken aback for a moment, then solemnly bowed and apologized, "Master sorry, this is my negligence~"

Yang Cheng took a sip of the juice, feeling the coolness filling his forehead, "It's okay, I didn't see it either, pay attention to the price of gold, I want to save a batch of gold~"

Just as Carson was about to agree, he was choked up, "Eh~ Master, you mean real gold?"

Yang Cheng patted the table and stood up, "Yes! Gold bars! Contact the major banks in London and say that Beihai Manor wants to buy a batch of gold bars!"

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