His attention is all on the foreign exchange market. He is not only good at futures, but he is also responsible for all the operations in the foreign exchange market over the years.
This business is very specialized.
When a person can earn the difference by buying and selling multiple foreign currencies in the cross market, his operation in futures and stocks must be far superior to others.
Ninety-nine percent of people can't even tell the difference between the buying price, the middle price, and the selling price.
Not to mention jumping on the crossover market.
The benchmark price between the ringgit and the RMB has fallen by less than 3%, which he can do invisibly.
Don't underestimate this 3%.
The profits generated are quite astonishing.
Generally speaking, exchange rate fluctuations are expressed in basis points.
Yao Changan was naturally very familiar with it.
The profits from the dozen or so traders who followed his instructions to buy and sell other foreign currencies and ringgit would later be transferred to other accounts to buy shares in the national oil company.
If Chen Pingan was there, he would also say "Awesome!"
Because up to now, the share price of the National Oil Company has been surprisingly stable.
The above instructions are for absolute control.
That means the real market crash has not started yet.
But the stocks on the second board have been hit hard for almost two weeks.
The atmosphere in the trading room was very depressing.
Jiang Feier and Li Haichao sat together.
Yao Changan's instructions required a certain amount of selling each day, a certain range for the index to reach, and a certain amount of shares of the National Petroleum Corporation that had to be bought. Not only that, it also could not cause major fluctuations.
Large fluctuations refer to intraday fluctuations of more than 3%.
While the two of them were operating, they did not waste time looking back at the image on the wall behind them.
That was for Yao Changan to see alone.
He sat at the front, face to face with all the traders.
Projected on the wall more than ten meters away were foreign exchange prices, indices, composite index futures, and the stock price trends of the national oil company.
With so much information, any questions he has need him to make a judgment and issue instructions as soon as he sees them.
It can be said that Yao Changan's ability is undoubtedly top-notch.
Even if Chen Ping'an came, I would still say that I am not as good as him.
But what Jiang Feier and Li Haichao didn’t know was that this operation was not just taking place in this room.
In another place in the capital, there was also a team of people sitting in front of computers, operating in sync with them!
The scene in front of them was exactly the picture of Yao Changan himself.
Every word he says will be played here synchronously.
The difference is that they only trade foreign exchange and have never touched stock futures.
Some people are taking advantage of this opportunity and using Yao Changan's technical capabilities to make money in the foreign exchange market.
Finance itself does not create value; it can only transport and distribute it.
It’s just that the economic model of the entire world is dominated by financial capital economy because it makes money quickly and easily.
It's no surprise that this scene occurred.
One can even say that it would be strange without this scene!
If I can’t get convenience, what’s the point of having this power???
Yao Changan did not show any abnormality, he was just trying very hard to beat the ringgit down.
He couldn't trade on his own because he needed to concentrate and figure out in less than a second what operations he needed to do to make money while suppressing the ringgit.
Not only that, but also operation instructions must be issued.
This kind of scene was normal for him, basically just a daily routine.
He had absolute confidence that while he could make money in the foreign exchange market, he could also get further promotion by taking over Malaysia's national oil company through Jiang Feier and others.
This credit will not be made public, but it will definitely be fulfilled!
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