Chapter 155 Black Week 1

"Du~~!" A dull telephone rang through the silent room. Mikhail rubbed his sore eyes and struggled to get up from the bed. He turned on the desk lamp, then picked up the extension phone beside the bed and sighed. He took a deep breath and asked, "I'm Mikhail, please tell me!"

"Boss, it's not good, our test work has a big problem, they have connected the transaction to the real environment, we..."

"Trash, what did you do? How much money did you lose?" Mikhail became anxious when he heard it. Why was he so careless? What if the NYSE finds out?

"Boss, the current book profit is 270 million U.S. dollars, but we are testing a short-selling strategy. Because of the sudden access of the program, coupled with centralized trading, the Dow Jones Index was plummeted by us, but what if the market opens every week? , if the index continues to rebound, our funds may suffer heavy losses!" Mikhail's subordinate explained anxiously.

"Tell me the truth, how much money is locked in the stock market?" Mikhail asked patiently, suppressing his anger.

"About fifty... more than five billion U.S. dollars!" The men replied tremblingly.

"How much is it?" Mikhail asked in an atmosphere.

"5,984,230,000..." The subordinate replied ashamedly.

"Immediately call all relevant personnel back to the company and discuss a countermeasure for me..." Mikhail hung up the phone heavily after finishing speaking.

Mikhail forced himself to stand up from the bed, picked up his mobile phone and called his housekeeper, then hurriedly dressed, took the elevator to the top floor of the apartment, and at this time a helicopter was already there I have been waiting for a long time.

Mikhail ran a few steps to get on the helicopter, and the plane quickly took off and flew towards the headquarters of Columbia Bank in Manhattan.

Now coincides with the rest day, the New York Stock Exchange is in the closing stage, there is still some time left for Mikhail, but how to minimize losses is what Mikhail cares about. No one can bear the inexplicable loss of a large sum of money. Over the years, the Gorky Brotherhood had paid so much to save this wealth. If billions of dollars were lost because of such a low-level mistake, Mikhail would never accept it.

Mikhail's helicopter flew in the night sky of New York, and in about 20 minutes, it landed on the roof of the Columbia Bank Building in Manhattan. When he got off the plane, the executive who just called was already in the Waiting for a long time in the cold wind on the roof.

"Is everyone here?" Mikhail asked as soon as he got off the plane.

"The person in charge of the high-frequency trading project is here, and all the traders in the securities investment department have been notified to cancel their vacation and return to the company immediately!" The subordinate replied with a sad face.

The two walked into the elevator while talking, and the elevator went straight to the floor where Mikhail's office was located. As soon as they stepped out of the elevator, the din of arguments in the conference room reached Mikhail's ears.

When Mikhail walked into the meeting room, it suddenly became quiet. Mikhail sat on the master seat, looked at everyone, and said to his subordinates after a long time: "Tell me, let's take over the meeting." What are we going to do when we get down?"

"President, there are still more than ten hours before the opening of the New York Stock Exchange. I think we should make preparations and hedge after the opening. Although we will lose a lot of money, under this situation, we There is no better choice?" Someone first suggested to Mikhail.

"No, I don't think so! Trading must be both buying and selling. I can't think of anyone who will do our opponent's order when the market opens, and it is nearly 6 billion U.S. dollars. I think it will be so short after the market opens. Hedging in time will have an unavoidable impact on the overall market, and the China Securities Regulatory Commission will definitely find out our abnormal behavior..." Someone objected.

As the president, Mikhail doesn't need to think about the countermeasures himself. He just needs to find out the most appropriate materials from the suggestions of his subordinates. However, the two people who spoke just now obviously represent the most common countermeasures in the company. There are two methods, both of which have pros and cons.

Bill Gross, who was sitting next to Mikhail at the meeting, kept silent, and Mikhail always valued Bill Gross' opinions, so after consulting the opinions of other subordinates, Mikhail took the initiative to Ask Bill Gross for advice.

"If six billion can make the Dow Jones plummet by 5%, how much will it cost to make the Dow Jones plummet by 10%?" Bill Gross asked rhetorically.

"Forehead……?"

"I think why not wait and see, the worst case scenario is that we lose this money, but if the market is really good, I don't think $6 billion can make the market drop by 5 percent." Bill. Gross did not answer directly, but talked about the general situation.

"Mikhail, there are still more than ten hours before the market opens, but the global market should be more or less affected by us. After all, a drop of 5% is still very rare. We might as well wait for a while. Wait until the Asia-Pacific stock market has the results before making a decision. I think these markets have great reference significance for our decision-making." Bill Gross said unhurriedly.

There was no consensus at the meeting, but Mikhail agreed with Bill Gross that when you don't know what to do, just go with the flow as much as possible.

With the passage of time, the global capital market has entered the trading time one after another. The first to ring the trading bell is the Australian stock market. Columbia Bank has no relevant branches in Australia, so it can only obtain the latest local stock market information from Bloomberg. However, judging from the news that came back, the Australian stock market only fell slightly, which is normal. Before Mikhail had time to be disappointed, the branch of the Bank of Colombia in Tokyo sent a report, and the Nikkei began to fall rapidly after the opening.

Two hours later, the Hong Kong stock market, another important market in Asia, opened. Shortly after it started, the Hong Kong stock market began to plummet. In just half an hour, the Hang Seng Index plummeted by more than 300 points. Mikhail now understood that something was wrong in the financial markets.

With the opening of the global market one after another, the global market has entered the trading time one after another. The plunge is like a plague, and it begins to spread in one capital market after another. The Frankfurt index plummeted, the Paris CAC40 index plummeted, and London was hit by the hurricane last Friday, most of the traders in the financial city did not come to work, so the London stock market was hit by a large number of people last Friday just half an hour after the market opened. The sell-off trade was completely crushed.