A dull phone rang in the silent room, Mikhail rubbed his sour eyes, struggled to get up from the bed, he turned on the lamp, then picked up the telephone extension receiver at the bedside, sighed and asked: "I'm Mikhail, please speak" "Boss, no, there's a big problem with our testing work, they've connected the transaction to the real environment, we" "Waste, how did you lose a lot of money" Mikhail was anxious when he heard it, why was he so careless, what if he was discovered by the New York Stock Exchange "Boss, there is currently a floating profit of $2.7 billion, but we are testing a short-selling strategy, because of the sudden access of the program, coupled with centralized trading, the Dow Jones index has been caused by us to plummet, but if the market opens one by one and the index continues to rebound, we may lose a lot of money," Mikhail's subordinates anxiously explained.
"Tell me the truth, how much money is trapped in the stock market," Mikhail asked patiently, holding back his anger.
"About, more than fifty-five billion dollars," his subordinate replied tremblingly.
"How much?"
Mikhail asked in an atmospheric manner.
"Five thousand nine hundred eighty-four million two hundred and twenty three," the subordinate replied ashamedly.
"Immediately gather all the relevant personnel to go back to the company and discuss a countermeasure for me," Mikhail said and hung up the phone heavily.
Mikhail got up from the bed, picked up his mobile phone and called his butler, and then hurriedly dressed up and took the elevator to the top floor of the apartment, where a helicopter had been waiting for a long time.
Mikhail ran a few steps and got into the helicopter, which quickly took off and flew towards the headquarters of the Bank of Colombia in Manhattan.
Now it is a rest day, the New York Stock Exchange is in the closed stage, and there is still time left for Mikhail, but how to minimize losses is what Mikhail is concerned about.
No one can stand the inexplicable loss of a large amount of money.
Over the years, the Gorky Brotherhood has paid a lot to save this wealth, and if it loses billions of dollars because of such a low-level mistake, Mikhail will never accept it.
Mikhail's helicopter flew over the night sky of New York for about 20 minutes, and landed on the roof of the Bank of Colombia building in Manhattan, and when he stepped off the plane, the executive who had just called had been waiting for a long time in the cold wind on the rooftop.
"Are you all there," Mikhail asked as soon as he got off the plane.
"The person in charge of the high-frequency trading project has arrived, and all the traders in the securities investment department have been notified to cancel their vacations and return to the company immediately," the subordinate replied with a sad face.
The two walked into the elevator as they talked, and the elevator went straight to the floor where Mikhail's office was located, and as soon as they stepped out of the elevator, the noise of arguments in the conference room reached Mikhail's ears.
When Mikhail walked into the conference room, there was a sudden silence inside, Mikhail sat on the main seat, then looked at everyone, and said to his subordinates after a long time: "Tell me, what are we going to do next" "President, there are still more than a dozen hours before the opening of the New York Stock Exchange, and I think we should be ready to deploy and hedge after the market opens.
We would lose a lot of money, but we would have no better choice in this situation," Mikhail was advised first.
"No, I don't think so, there must be a buy and sell transaction, I can't think of anyone who will do our counterparty when the market opens, and this is nearly six billion dollars, and if you want to hedge in such a short period of time after the market opens, the overall impact on the market is unavoidable, and the Securities Regulatory Commission will definitely find out our abnormal behavior," someone objected.
As president, Mikhail doesn't need to think about the countermeasures himself, he just needs to find out what he thinks is the most appropriate material among the suggestions of his subordinates, but the two people who just spoke clearly represent the two most common methods in the company, and both methods have their pros and cons.
Billgros, who was sitting next to Mikhail at the meeting, remained silent, and Mikhail always valued Billgros's opinion, so after consulting the opinions of other subordinates, Mikhail took the initiative to ask Billgros for advice.
"If six billion would make the Dow Jones plummet by five percent, how much would it cost to make the Dow Jones plummet by ten percent," Bill Gross asked rhetorically.
"Amount" "I think why not wait and see, the worst scenario is that we lose this money, but if the market is really good, I don't think six billion dollars is going to make the market go down by five percent."
Bill Gross did not answer directly, but instead talked about the general trend.
"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 five percent is still very rare, we might as well wait until the Asia-Pacific stock market has the results to make a decision.
I think these markets are a great reference for our decision-making.
Bill Gross said unhurriedly.
In the end, there was little consensus, but Mikhail agreed with Bill Gros that it was better to go with the flow when you didn't know what to do.
With the passage of time, the global capital market has entered the trading time, the first to ring the trading bell is the Australian stock market, Bank of Columbia has no relevant branches in Australia, so it can only obtain the latest information on the local stock market through Bloomberg information, but from the news back, the Australian stock market is only a slight decline without abnormality.
Before Mikhail could be disappointed, the Bank of Colombia branch in Tokyo sent a report that the Nikkei began to fall rapidly after the open.
Two hours later, the Hong Kong stock market, another important market in Asia, opened, and soon after the start, the Hong Kong stock market began to plummet, and the Hang Seng Index plummeted by more than 300 points in just half an hour.
Mikhail has now understood that something is wrong with the financial markets.
As the global market ushered in the opening of the market one after another, the global market entered the trading time one after another, and the plunge began to spread like a plague in the capital market one after another.
The Frankfurt index plummeted, the Paris 40 index plummeted, and most of the traders in the city did not show up for work because of the hurricane disaster in London last Friday, so the London stock market was completely crushed by Friday's massive sell-off just half an hour after the market opened. t1706231537: