Chapter 341: Foreign Exchange Speculation
Half an hour later, the motorcade stopped in front of a forty-story building.
As the financial sector that leads capital, banks and securities companies are frequent residents of these buildings, and Standard Chartered is no exception.
For this foreign exchange speculation, the command room arranged by Standard Chartered for Li Wen is in this building, very close to the exchange, to show that it attaches great importance to Li Wen.
After Li Wen got out of the car, he looked at the rows of high-rise buildings on Financial Street and couldn't help but sigh in his heart. These capitalist developments are so fast.
It has only been more than 20 years since the end of the 1945 war, and these capitalists have developed again.
Walking into the building, although it is the 1960s, the decoration and equipment in the hall do not lag behind later generations at all.
Everyone took the elevator to the work place, where the main brokers participating in the transaction were already waiting.
"Albert, Elaine, Demacia, Dacia, these are the sponsors of our company's service." Linda said with a smile.
Next, Linda introduced several executive brokers to Li Wen, and explained their previous achievements to Li Wen.
Finally, I gave a brief introduction to Li Wen to a few people. I didn’t say much more because it was a business rule.
"Hello everyone, Ms. Linda gave me a brief introduction just now. You can call me Mr. Li directly. This action depends on you.
Everyone knows the main purpose of coming here. I hope everyone will obey my command for this operation.
My requirements are not high, as long as the principal can be doubled this time. If this goal is achieved, in addition to paying the handling fee your company deserves, I will also give you 2% of the profit.
Of course, I have a small request here, that is, everyone must keep this operation a secret." Li Wen knew that the only advantage of dealing with these people was money, so he came up and knocked them unconscious.
Therefore, after hearing Li Wen's financial promise, all the agents looked like wolves.
If Li Wen's requirements are met, the bonus will reach millions, and the bonuses distributed to them will also be hundreds of thousands.
This is also a huge amount of money for an agent whose monthly salary is only more than 2,000.
"Ms. Linda, have my funds arrived in your company's account?" Li Wen finished speaking and looked at Linda who was standing aside.
"Mr. Li, the account arrived yesterday." Linda nodded seriously.
"That's good, managers, you are more familiar with the specific transactions than I am, so I don't need to say more! Everyone will be ready for battle starting tomorrow."
After listening to Li Wen's words, all the agents nodded excitedly.
It was already past six o'clock in the afternoon after the meeting. In order to motivate everyone, Li Wen spent his own money to invite these agents to a luxury hotel.
After dinner, Li Wen did not enjoy the night view of London, but went directly back to the hotel to rest. The time difference between Hong Kong and London reached eight hours, so he had to keep up his spirits.
Early the next morning, Li Wen and his bodyguards had a sumptuous paid Chinese meal at the hotel, and then followed Linda to the studio.
Although computers are available in this era, they have not yet been applied to stock market trading.
Therefore, in the next few days, Li Wen will use primitive trading methods here to remotely control the stock market broker through phone calls.
Li Wen divided the funds into two parts, one part was for foreign exchange and directly shorted the pound, and the other part was for shorting the Japanese stock market with leverage.
The reason why Li Wen did this was to attract as little firepower as possible. Today's money is still very valuable, and the financial scale is far from as large as that of later generations.
If Li Wen directly invested 60 million pounds in shorting foreign exchange, he would easily be caught by the Central Bank of the Sunset Empire.
In fact, there is another main reason, which is that it is a bit late for Li Wen to enter the game.
Since October, financial speculators led by Wall Street capital have begun to make plans, and now they are in the final stage.
Trading these days is really troublesome. Unlike later generations who used computers to operate hundreds or thousands of accounts together, it was simple and fast.
In this era, stocks were all traded by people. Although Li Wen sat in the office and commanded through several phones, there were dozens or hundreds of people trading together on the trading floor every day.
The purpose of so many people doing this together is for safety. Otherwise, if one person buys it for hundreds or tens of millions, the lice on his head will be obvious.
As the time recorded in Li Wen's space book got closer and closer, Li Wen became nervous and irritable.
"Ms. Linda, in terms of foreign exchange, how much money is there that has not been purchased yet?" Li Wen asked Linda, who was calculating on the side.
"There are only more than six million left, and it is expected that all will be bought tomorrow morning." After a few minutes, Linda picked up her accounting notes and reported.
"Speed up the progress. It doesn't matter if the price is high. Try to use it all in the afternoon. I'm afraid I won't be able to wait until tomorrow with the current data." Li Wen looked at the TV's data cable and said with a serious face.
"Okay sir!" Linda looked at the customer service staff on the side, and soon there were voices coming from the other side.
The time has arrived on the 10th, and the battle between Wall Street capital and the central bank of the Sunset Empire has become more intense.
The data fluctuated up and down. Many times, Li Wen's deficit figures even reached tens of millions, and even Li Wen clenched his fists nervously.
When the time came to 10 o'clock in the evening, the pound data chart suddenly poured down. Li Wen's nature is not to earn the last coin, and let the broker start trading after reaching the expected income.
By the time trading was suspended, all the foreign exchange in Li Wen's hands had been delivered. Excluding the principal, the foreign exchange account had a floating profit of more than 80 million US dollars.
This is foreign exchange speculation, shorting the pound, and naturally it is impossible to make a profit in the pound.
"Yeah! We succeeded." The customer service staff and Linda in the office cheered and hugged each other.
Li Wen, who was looking at the data, breathed a deep sigh of relief and secretly loosened his clenched fists.
Now Li Wen has made a profit in foreign exchange, and it depends on the stock market. However, with the collapse of foreign exchange, there is no suspense about stock market profits.
After the foreign exchange session ended, everyone returned to the lounge and started to sleep. Tomorrow morning, the stock market would have to be seamlessly connected, making it impossible to go back and forth.
As expected by Li Wen, after the market opened at 8:30 in the morning, the index began to fall. An hour before the market closed in the afternoon, Li Wen directly ordered the harvest.
After the trading was suspended, Li Wen had more than 18 million pounds in his stock account.
After all the funds were received the next day, in addition to paying the 4 million handling fee to Standard Chartered, Li Wen also rewarded the brokers with 1.2 million pounds as promised.
Chapter completed!