Chapter 108: |
"The Number of EaseLink Exchange's(易蔻交易所) Prior Trading Seats Sets New Record Again!"
Early in the morning, Lin Qi sat in the dining room watching the maid in a short skirt moving around in front of him, bending down from time to time to diligently maintain the cleanliness of the room. It was all just simple household chores, yet she managed to create a different atmosphere.
In reality, Lin Qi was well aware that this woman in her twenties wanted to have deeper private interaction with him.
Five years ago, a beautiful woman, even if she didn't know anything, could become a receptionist at a major company, an office secretary, or even an executive secretary as long as she was attractive enough.
But today, five years later, these women had left their previous positions, and some even lost some of their normal social work abilities due to their work over the past five years.
However, Lin Qi believed that most of them could still live well. At least during these five years, they had mastered some alternative survival skills.
Taking his gaze away from the maid's thin-strapped stockings, Lin Qi picked up the Trading Report newspaper and was immediately drawn to the third section.
The Baylor Federation had three major exchanges: "EaseLink," "United(联合)," and "ProsperaCorp(盛华)." They were located respectively in the federal capital, the economic center, and the capital of the southern state of Desland(德斯兰特), but their main trading halls were all in the federal capital.
Due to limitations in information dissemination, the three major exchanges jointly developed a more advanced information processing method to share more accurate data and trading information in a shorter time.
The specific delay depended on the overall traffic of the federal telephone communication at that time. If there weren't many people on the communication mainline, the speed of information update would be faster.
But overall, those who truly wanted to play the financial game would choose to trade in the federal capital city of Bupayne (布佩恩).
With the three major stock exchanges in the same district, the urban planning blocks where they were located were called "the Gem on the Crown(王冠上的宝石)" by people. The entire federation, and even some billionaires and capitalists outside the federation, gathered here, living each day in a world of numbers and games.
Walking on this street, one could see the various facets of life.
Some people might be in their sixties or seventies, still walking briskly, their faces full of vigorous vitality, and a sense of ease in facing life.
Some might only be in their twenties or thirties but already struggling to move forward, with signs of weariness on their faces that shouldn't have appeared at their age.
It was a magical place, where countless people went crazy for numbers, and countless others died early for these numbers...
To become a part of it, to become the focus of attention, was simple: one needed to have a trading seat in any of the three major exchanges.
Similarly restricted by information processing issues, trading matching was still manually done so far. This meant they couldn't handle a large volume of trading information simultaneously, so the exchanges regulated the size of trades.
It might seem foolish, but it maximized the avoidance of potential errors during trading.
Initially, the three major exchanges didn't have strict requirements for trading seats. However, as more and more funds flowed into the securities market, the three major exchanges began to limit the number of trading seats, making trading seats themselves an important resource.
Following the principle of no increase but transferable, the price of trading seats started soaring from tens of thousands in the early years. Just yesterday afternoon, a priority trading seat in the ProsperaCorp Exchange was transferred for a million, directly surpassing the 970,000 price Lin Qi had created two times before coming to this world, becoming a new legend.
Why could the price of trading seats rise so high? It was still related to the number of trading seats. Even if ordinary people had stock accounts and stood in the exchange, they were merely spectators.
If they wanted to trade stocks, they first needed their own traders to handle these transactions.
However, with the world's attention focused here, and trading seats and the traders on them were limited, why would they trade stocks for an ordinary person?
Perhaps they would initially, but with the rise of major brokerage firms and financial companies, people gradually got pushed out of the exchange, seeing enormous business opportunities here.
Ordinary people who wanted to trade stocks had to find a stockbroker. Behind the stockbroker was a brokerage firm that owned trading seats in the three major exchanges. They would classify the investor's level based on their investment amount, allocate different resources accordingly, and take a commission.
Nowadays, almost sixty percent of all trading seats in the three major exchanges were firmly held by brokerage firms.
Like the priority trading seat traded yesterday, it was bought by a company called "Happy Finance Management Company(乐百乐金融管理公司)."
A priority trading seat had the advantage of priority matching, meaning faster matching, which meant making more money or minimizing losses as much as possible.
The strength of a brokerage firm depended on how many priority trading seats they had.
So this was a crazy era.
Looking at the almost full-page praise of the prosperity of the Baylor Federation's finance in the newspaper, Lin Qi couldn't help but show a mocking smile on his face. Once the trend of the collapse of tangible industries swept the country, scenes like today would be difficult to see in a short period.
If finance was the superstructure, then the tangible industries were the foundation. Now, with the destruction of the foundation getting increasingly severe, the higher the superstructure was built, the higher the risk of collapse!
In addition, with the cessation of wars worldwide, some international speculative capital that entered the Baylor Federation during the war began to gradually withdraw, and the speed of withdrawal would only increase. The financial crisis of the Baylor Federation was imminent.
This was a foreseeable fact. Compared to the political and economic benefits brought by rebuilding individual countries, playing such high-risk financial games in the Baylor Federation was obviously no longer the best choice under the current international situation.
In the past, people chose the Baylor Federation as a haven for funds because of its rapid economic development and its status as a non-belligerent country. People didn't need to worry about their purchases being destroyed by war, nor did they need to worry about their funds becoming spoils of war plundered by the victorious side.
But now, with better options available, they wouldn't stay here. Just like how they transferred money into the federation instead of supporting funds to leave the country during the war.
Capital and capitalists had always been shameless and had no stance. The only thing that could possibly be considered their stance was their desire for profit.
As for everything else, it couldn't become an obstacle to their pursuit of maximum profit.
The more they praised the federation in the past, the more ruthless they would soon leave.
As for the impact of them withdrawing the funds that had already become "bricks" in building an aerial city, they probably wouldn't care.
Lin Qi put down the newspaper and picked up a glass of milk, taking a sip. It was freshly squeezed milk, slightly warm.
The maid didn't seem to understand why Lin Qi liked milk that had been heated, nor could she feel the impact of the rich milk fragrance on the taste buds, not to mention... the fishy smell.
Unprocessed fresh milk was not as perfect as some people imagined. The fishy smell and the lack of desensitization through some processes would make many people feel uncomfortable. Fortunately, Lin Qi wasn't one of those people.
He was thinking, maybe after the financial collapse, he could go to the exchange and harvest some trading seats.
A seat that could sell for a million this year, how much would it be worth after stocks became worthless?
Five thousand?
Or ten thousand?
This resource was highly valuable. Although it may take some time for its value to appreciate again, it was unlikely to exceed ten years. Investing in it was very suitable.Please vote for this novel at https://www.novelupdates.com/series/blackstone-code/There are advance chapters available nowAccess will be granted 24 hours after the donationTier 1: 7 Advance chapters Link
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