A strange recruitment notice suddenly appeared in the BBS of a university in Shanghai, saying that the company's business scope involves many financial markets around the world, and its employees earn tens of thousands of dollars a month. After investigation, this is not a recruitment scam, but a recruitment of US stock traders. At present, American traders have sneaked into China and formed a financial industry chain. NBD conducted an in-depth investigation, contacted senior US stock traders in Shanghai and unveiled the mystery of the US stock trading industry chain step by step.
Campus recruitment of US stock traders
A recruitment notice on the BBS of a university in Shanghai triggered a heated discussion among students. According to the recruitment, "the company's business scope covers many financial markets around the world", requiring candidates to be able to adapt to night work, with special preference for experts in confrontational games and online games. The job advertisement also specifically mentioned that "the monthly income can exceed 8,000 yuan within six months."
The reporter's investigation found that the above recruitment information is not an old trick to cheat money, but it does happen. The recruitment position is called "American stock trader", that is, "American stock trader", whose main job is to buy and sell American stocks. It is understood that US stock traders are only a terminal link in the domestic US stock trading industry chain. The middle and upper reaches of the industry are very low-key, and only relevant people in the industry know.
How do U.S. stock traders buy and sell U.S. stocks and profit from them? How do foreign US stock traders enter China quietly?
Demystifying 1
Industrial chain
Upstream: European and American traders provide funds.
The reporter found Xiao Zhang, a US trader in a company in Shanghai. Xiao Zhang has worked in many US stock trading companies in the industry and is a senior practitioner in this industry. He explained in detail the operation process and details of Shanghai US stock traders.
Xiao Zhang said that large US stock traders in Europe and America are the upstream of the US stock trading industry chain, and they provide funds for domestic branches to buy and sell US stocks and other securities products. At present, there are three US stock traders active in China: title trading, HOLDBROTHER and SWIFT-TRADE.
Midstream: the local branch provides the carrier.
The reporter entered the keyword "Shanghai American Stock Exchange Company" on the Google search page, and more than 690,000 related company information appeared. The reporter found that the vast majority of domestic US stock trading companies have put on coats such as investment management, information consultation, investment consultants and even technology companies. These domestic branches have become the middle reaches of Shanghai's US stock trading industry chain, providing account funds, trading software and a stable working environment for traders.
Generally speaking, US stock traders are responsible for buying and selling stocks, and companies are responsible for controlling risks.
In fact, the procedure for setting up a branch office is very simple. The reporter opened the official websites of three large foreign American stock traders and found that they all set up branch application sections in prominent positions on the websites, and the procedures were particularly simple: as long as you fill in your name, email address or telephone number online and click the send button, the head office will send someone to contact the applicant.
Downstream: Traders are all over major cities.
US stock traders are the downstream and terminal of the US stock trading industry chain. When you type the word "American business" in Google, you can find 765,438+065,438+0,000 web pages, most of which are about American business recruitment, covering major cities in China and even remote areas. The emergence of American stock traders, as the ancient poem said, "is like a spring breeze coming overnight, blowing open the petals of 10 thousand pear trees." It can be seen that the scale of the US stock trading industry chain has become spectacular.
Xiao Zhang said that on the first day of work, the manager threw a set of quotation software for American stock trading, and there was also an account with stocks equivalent to 1 10,000 US dollars. According to the company's regulations, any new employee can only get royalty income if the net profit on hand of 1 10,000 dollars exceeds 2,000 dollars in one month. Otherwise, we have to pack up and leave.
Secret 2
How to make a profit
Upstream: take the village to collect the handling fee
The American securities market implements the market maker system. Simply put, a market maker is equivalent to a banker, and its role is usually played by a large stock trader with strong strength and good reputation.
There are two advantages for foreign US stock traders to open branches in China: First, the domestic labor cost is low. Domestic commission is very low, and the minimum commission ratio is only 10%. Second, U.S. traders can get fees from trading. The more branches there are, the more frequent transactions there are, and the more fees they get.
It is particularly worth mentioning that at present, the trading behavior of US stocks is basically foreign investors speculating in foreign exchange, and hot money has not poured into China, nor has it violated China's current financial policy. Therefore, the trading behavior of US stocks is not strictly controlled by policies.
Midstream: profits come from traders
In order to become a branch of foreign US stock traders, it is necessary to pay a certain margin to them first, and then foreign US stock traders will provide funds, account numbers and stock trading software to domestic branches for buying and selling US stocks. Domestic branches will distribute the funds to every American trader. All the profits of the branch come from the stock trading of American stock traders.
"The branch only has the right to use the account and cannot use the funds in the account for other purposes." Xiao Zhang said that if the branch company loses money, the head office will deduct money from the deposit paid by the branch company to make up for the loss.
Domestic branches bear most of the risks in this industry. "Our company has a strict stop-loss software. If there are too many losses on the day, the system will automatically stop the loss; In addition, the company will also require all US stock traders never to hold overnight stocks. " Xiao Zhang introduced.
Downstream: Income depends entirely on performance commission.
The income of American stock traders mainly comes from performance commission, and there is basically no basic salary. Recently, due to the increasing number of US stock trading companies and intensified competition, the proportion of traders' commissions has increased, reaching about 30% ~ 60%. As long as you get through the initial probation period, your income will gradually increase.
"I have an account of about $500,000 now. In the company, this number is not too much. There are some experts in the company, whose book capital can reach more than $6,543,800+0,000. It is not uncommon for these masters to earn 65,438+10,000 a month. " Xiao Zhang's words are full of longing.
future trend
Further participate in international investment.
Since the protection period promised by China to the financial industry was gradually released after China's entry into WTO, financial institutions in Europe and America began to enter China, sell various financial products in China and make money by using the low domestic labor price.
Xiao Zhang said that the rise of US stock traders is not necessarily because foreign US stock traders covet low domestic labor costs. Earlier this year, China Banking Regulatory Commission signed an agreement with Japan to allow domestic commercial banks to invest in Japanese stock market on behalf of their clients. Before long, domestic investors will further participate in international capital investment. With the foundation laid before, American stock traders will soon occupy the huge market where domestic funds directly participate in investing in European and American stock markets.
"China's financial industry is gradually liberalizing. When China can directly invest in European and American stock markets, it needs a large number of relevant professionals. Perhaps, we will become the first generation of traders with real international significance. " Xiao Zhang said smugly.
Close-up of American stock traders
American stock traders usually work from 9 pm to 4 am.
The US stock market implements a "T+0" policy, allowing traders to sell stocks the next second after buying them. Therefore, most traders in the US stock market are doing ultra-short-term trading, and they can be thrown away as long as they rise a little at a time. Xiao Zhang said, "It is normal to do hundreds of transactions in one night. Sometimes it is more risky to use some leverage tools, so you should make a correct judgment. Our spirit and physical strength are overdrawn, and sometimes we feel no different from migrant workers. "