Darkstone Code -
Chapter 109 - 0108 Miracles are born every day
Chapter 109: 0108 Miracles are born every day
"Yikou Exchange’s Priority Trading Seats Break Records Again!"
Early in the morning, Lynch sat in the dining room watching the maid in a super short skirt bustling around, bending over occasionally to meticulously keep the room tidy. Though these were simple chores, she somehow created a different atmosphere.
In fact, Lynch knew very well that this twenty-something woman wanted to have deeper private interactions with him.
Five years ago, a pretty woman, even if she didn’t have any skills, as long as she was pretty enough, could become a receptionist at a big company, an office secretary, or even a secretary to the president.
But five years later, these women have left their former positions and, due to their work over the past five years, have lost some of their normal work capabilities in society.
However, Lynch believes most of them will lead good lives, at least over the five years, they’ve acquired some alternative survival skills.
Retracting his gaze from the thin suspenders of the maid’s stocking, Lynch picked up the Trade Report, immediately drawn to the third page.
Bail Federal has three major exchanges: "Yikou," "Union," and "Shenghua," located respectively at the federation’s ruling center, economic center, and the capital of Desland State in the south, but the main trading floors are in the federation’s capital.
Due to issues like limited information dissemination, the three major exchanges jointly developed a more advanced information processing method to share more accurate data and trading information in less time.
However, this system also has certain limitations, such as transmission distance, so the main trading floors are basically together, while the trading floors in other places might experience temporary information delays, roughly twenty seconds to a minute.
The extent of the delay depends on the overall telephone traffic in the federation at the time. If there are not many people on the main communication lines, information will update faster.
Overall, those who truly want to play the financial game choose to trade in Bail Federal’s capital city, Bupen.
The three major securities exchanges being within the same district has also made the city’s planned district known as the "Jewel on the Crown," attracting wealthy individuals and big capitalists from across the federation and beyond, living daily amidst digital games and worlds.
Walking down the street, one can see the myriad aspects of life.
Some people may be in their sixties or seventies yet still stride with vigor, their faces filled with a youthful and high-spirited fighting spirit, along with the calmness of one who observes life with a light-hearted perspective.
Some people might be only in their twenties and thirties but already struggle, their faces etched only with premature agedness that shouldn’t appear on them.
This is a magical place, where many people go mad over mere figures, and many perish early because of these figures... .
If you want to be one of them, to become the focus around which people gather, it’s simple, just secure a trading seat at one of the big three exchanges.
Also limited by information processing etc., trade matchmaking is still manually done, indicating they cannot process a large volume of trading information simultaneously, so exchanges set rules on the scale of trading.
It seems clumsy, but it maximizes the avoidance of errors that might occur during trading.
Initially, the three exchanges didn’t have strict requirements on trading seats, but as increasingly more funds flowed into the securities market, they began to limit the number of trading seats, instantly making the seats themselves an important resource.
Adhering to the principle of no increase but allowing transferability, the prices for trading seats skyrocketed from thirty or fifty thousand in early years. Just yesterday afternoon, a priority trading seat was transferred for a staggering one million at Shenghua Exchange, directly surpassing the previous ninety-seven thousand price Lynch encountered before he crossed over, becoming a new legend.
Why the prices for trading seats can be so high is actually related to the limited number of seats; ordinary people, even if they have a stock account and they stand inside the exchange, they are merely onlookers.
They want to operate stocks, first they need to have their own broker to handle these buy-sell transactions for them.
But here’s the problem, to exaggerate a bit, the world’s attention is focused here, the trading seats and brokers with seats are very limited, why should they trade stocks for an average person?
Maybe at first they behaved so, but with the rise of major broker companies, financial companies, seeing the huge business opportunities here, ordinary people were gradually driven out of the exchanges.
For an ordinary person to trade stocks, they must first find a stockbroker, and the broker’s company has trading seats in the three big exchanges, they categorize the person’s level based on his investment amount, then arrange different resources for him and extract commissions.
Now, nearly sixty percent of all trading seats at the three big exchanges are tightly controlled by stock broker companies.
Yesterday’s deal for the priority trading seat was purchased by a company called "Lebailu Financial Management Company."
Priority trading seats have priority matchmaking rights, faster matchmaking speed, meaning can earn more money or minimize losses.
The strength of a stockbroker company is determined by how many priority trading seats they possess.
It’s an era of madness!
Lynch looked at the almost praise-filled articles on Bail Federal’s financial prosperity on the newspaper, a mocking smile couldn’t help but appear on his face, after the wave of entity industry closures sweeps nationwide, scenes like today’s would be hard to find in the short term.
If finance is the superstructure, then entity is the underpinning foundation. Now, with foundation damage getting worse, the larger the superstructure, the higher the risk of collapse!
Add to that cessation of wars worldwide, some international hot money that flowed into Bail Federal during the war period is beginning to withdraw, and withdraw faster and faster, the financial crisis of Bail Federal is imminent.
This is an expected reality; compared to the political benefits and economic efficiency brought by rebuilding one country after another, playing such high-risk financial games in Bail Federal is evidently no longer the best choice under the current international social conditions.
Previously people chose Bail Federal as a financial haven because its rapid economic development coupled with being a non-combatant country meant people didn’t have to worry about their purchases being destroyed by artillery, or fear their funds being looted as spoils by the victors.
But now, with better choices available, they won’t stay here, just as they moved their money into the federation instead of sending support out of the country during the war.
Capital and capitalists are shameless and devoid of a stance; their only potentially stance-like element is their desire for profit.
As for other reasons, none can be considered obstacles to their pursuit of maximum profit.
How fervently they pursued the federation before, shortly they will leave even more heartlessly.
As for whether the withdrawal of their funds, which had built an airborne city as ’bricks’ for city structures, would affect this airborne city, they likely won’t care.
Lynch set down the newspaper and took a sip of milk, freshly squeezed and slightly warm.
The maid seemed unclear why Lynch prefers heated milk, naturally unable to appreciate the rich milky aroma impacting the taste buds, along with a bit... of gaminess.
Unprocessed fresh milk isn’t as perfect as some imagine; there’s gaminess, and without undergoing some process for desensitization, fresh milk causes discomfort for many, though thankfully Lynch isn’t one of those people.
He’s considering, maybe after financial collapse, he could sweep up trading seats at the exchanges.
The seat selling for a million this year, once stocks become waste paper, how much could it be worth?
Five thousand?
Or ten thousand?
This is a frightful resource; perhaps it’ll need time to regain value, but it certainly won’t take more than ten years, which makes it a suitable investment.
Furthermore, Bupen is the core of Bail Federal, Lynch never thought he’d stay in Sabin City forever; he must eventually visit the world’s most prosperous place, then leave his mark with a bit of urine, to prove he was here at least!
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