When the large order of 3000 contracts was placed, it shocked the entire market. Although the S&P 500 futures market is dominated by institutions, such a blatant display of power is not common.
For a moment, both the bulls and the bears fell silent, as market participants pondered the hidden meaning behind this order.
Seeing the large order still hanging at the top without being filled, Takuro Sakata smiled smugly. With just this simple test, he had roughly gauged the strength of his opponent.
Just as he was about to cancel the order, a long trading line suddenly shot up, and the market volume surged.
"What?" Takuro rubbed his eyes, unable to believe what he was seeing.
He watched as his order was quickly devoured by the incoming bears. "300 contracts, 100 contracts, 500 contracts..." The trader, staring at the screen, read out the numbers subconsciously. When all the contracts were filled, he looked up at the expressionless Takuro and said, "Sir, our order has been..."
"Damn, am I blind?" Takuro said angrily. He then stopped giving instructions to the trader and stared intently at the screen, lost in deep thought.
For someone with years of experience in the capital markets, such a bold move could easily attract the attention of other institutions, which could be dangerous.
Takuro had just dumped 4000 contracts, mobilizing over $400 million, but even so, the bears had devoured it within minutes.
With the successful execution of these two massive orders, the market sentiment was fully stirred. The bulls and bears in the S&P 500 September contract clashed at the key level of 350, causing the trading volume to surge.
In the capital markets, any sudden factor can lead to rapid changes. Both Takuro and Zhong Yi in Hong Kong realized they couldn't delve deeper.
"What?"
"This?"
...
While Takuro was still thinking, the trading room suddenly erupted in a cacophony of disbelief.
Takuro frowned and quickly looked at the screen. He saw a sell order of 10,000 contracts that had just been placed, instantly pushing the index down to 343, breaking the 350 level that the bulls had been holding for half a day.
Unlike the previous gradual erosion, this time the bears were clearly taking the initiative, as if to show the market participants just how much capital they had.
Stimulated by this sell order, the bears began to act, and the sell orders on the board multiplied. The S&P 500 index fell step by step, quickly breaking 340 and heading towards 335.
"Damn!" Takuro felt a loud buzz in his head, and the numbers on the screen became blurry. He quickly instructed his traders to close their positions and asked loudly, "What's the situation with the Dow Jones?"
From the market, it was clear that the bears had received a major boost, leading to a massive sell-off, aiming to crush the bulls.
"Sir, the Dow Jones is falling, with large amounts of capital selling index stocks, but there is also a significant amount of capital buying them. It seems to be a temporary fluctuation."
Just as Takuro was at a loss, the trader monitoring the Dow Jones reported the situation.
Takuro was stunned, then walked over to the trader and carefully examined the key data, finally breathing a sigh of relief.
"New York hasn't changed much, but the downward trend is inevitable. However, it's not as exaggerated as here. It seems the bulls are gathering strength to counterattack!"
After some thought, Takuro made up his mind and gave a loud order, "Place a buy order at 340, 10,000 contracts. I want to see who has more capital!"
At that moment, his expression was fierce, his eyes glaring. He tore off his tie and pointed at the trader waiting for instructions, as if harboring a deep grudge.
Intimidated by Takuro's demeanor, the trader dared not say anything and reluctantly typed in the order. With such a large amount of capital entering the S&P 500 market, this move would undoubtedly put him on the opposite side of the bears, making him a target.
Due to the strict hierarchy, the trader, though unhappy, dared not voice his concerns. This was his first time dealing with such a large amount of capital in the futures market, and he was more panicked than confused by this gambler-like move.
During the time Takuro was thinking, the S&P 500 index had quietly risen to 337. It seemed the bears were running out of steam, or their capital was running out, or they were content with their gains.
The previous 10,000 contract sell order had been quietly canceled, and it was unclear how many contracts had been filled and at what price.
The trader from Sakura Bank did not dare to delay and quickly entered the order. Just as he pressed the confirm button, a 5,000 contract buy order appeared on the screen, priced at 341.
"What?" Looking at the numbers on the screen, Takuro felt a tightness in his chest, a surge of nausea rising, making him want to vomit. The feeling of being manipulated was very unpleasant.
In a situation where the market was clearly improving, being outmaneuvered was like a duck flying away just as it was about to be caught, leaving Takuro extremely frustrated.
With a 5,000 contract and a 10,000 contract buy order placed, everyone in the market knew the bulls were starting to push back. Now they were waiting for the bears' response.
The index stabilized at 340.
Calculating his position, Takuro realized that due to his large position at a high level, even if he closed all his positions now, he would suffer a significant loss, estimated at several million dollars.
However, with the index still rising, the floating loss was gradually decreasing. Whether he could turn the tide now depended on how the bulls performed.
Before Takuro could figure out his next move, the trader shouted, "Another order has come in, priced at 345, and the number of contracts is... 30,000!"
"30,000 contracts?"
The first billion-dollar capital had entered the market!
The massive buy order, with its overwhelming momentum, caused the futures market to explode in volume. The S&P 500 index began to rise, and the bulls were elated, seeing victory within reach.
"Good, just like that!" Takuro was greatly encouraged and waved at the trader, exuding a commanding presence.
At this moment, Takuro did not know that in Hong Kong, Zhong Shi and Zhong Yi were also celebrating.
The previous 10,000 contract sell order was placed by Zhong Shi. With his order, the hidden sharks in the market emerged, recklessly pushing the market down. Takuro's 3,000 contract order was split and absorbed by him.
In this situation, the short positions established by Zhong Shi and his team were highly profitable, earning them millions of dollars in just a few minutes.
After analyzing the trend of the Dow Jones, Zhong Shi decisively ordered a switch to long positions at 338. At this time, the market was in a state of panic, and Zhong Shi's 4,000 contract short position was easily closed, adding over $10 million to his account.
Confident in his long position, Zhong Shi quietly absorbed 3,000 contracts at 340. Seeing the long position filled without hesitation, he resolutely placed a 10,000 contract buy order at 341. As the Dow Jones stabilized, the bulls in Chicago regained confidence, and a massive amount of capital soon flooded the futures market.
"30,000 contracts?"
Even the experienced Zhong Shi was a bit unsettled. His 10,000 contract order was instantly filled.
"Go long!" Zhong Yi, watching the market, shouted excitedly. With just this one move, they earned another $10 million, not counting the other long positions.
"Close all positions, not a single contract left!" Zhong Shi gave the order decisively. Although he was excited, he was more fearful. "If this capital had appeared at 350 or higher, the loss would have been significant!"
After a few minutes of busy trading, when Zhong Shi's account was finally cleared, the day's profit reached $25.75 million. The trading room was filled with jubilation, and everyone looked at Zhong Yi and Zhong Shi with disbelief.
"Move the capital to the December contract, and this time, really enter quietly, without drawing attention!" Zhong Shi sighed and whispered to Zhong Yi.
He had indeed underestimated others, thinking that as a reborn person, he could control all changes. But today's battle had shown him the power of the financial sharks lurking in the market.
In Japan, after a day of intense trading, Takuro managed to reduce his losses to an acceptable level—$2.5 million.
Wiping the sweat from his forehead, Takuro thought with a sense of fear, "I wonder how much the expert in Hong Kong has earned today? Who was the one who suddenly entered the market with such a large amount of capital?"
There was no answer, and everyone who had experienced today's battle was curious about who had such a large stake! (Please click, recommend, and collect)