Merchants are pursuing profits. Many trading risks are high, but profits are also high. How to choose depends entirely on the individual. This is like gambling. If you buy, you will leave your hands. The winner will take all and you are willing to accept the loss.

Since Yuwen Wen allowed futures exchanges to operate, he did not reject futures trading, so he was happy to see this new trading method become bigger, so he withstood the pressure and allowed futures exchanges to expand the trading scale, making futures trading more and more popular.

As a result, the volume of goods transactions on futures exchanges is getting larger and larger, and the government collects more and more transaction taxes through futures exchanges.

Gradually, big investors discovered the benefits of this trading method: as long as they are well-informed, understand the market conditions thoroughly, and adopt strategic long-term cooperation methods, they can always make money in futures trading.

This way of making money depends not only on luck, but mainly on brains. Therefore, the futures exchange is a stage for business geniuses like Tao Zhugong, who make a lot of money.

There are not many business geniuses like Tao Zhugong, but there are always speculative talents. As long as you choose the right person, making money in futures speculation is not a problem.

Therefore, speculators who survived the fight in early futures trading were like hot items, attracting countless big investors, holding a large amount of funds, turning into "trend players", and making waves in the "Guangling Tide" of futures trading.

Similarly, many new speculators with great pride have begun to get into the trend. They either rely on their connections to raise funds or borrow from banks or gilhouses to raise capital to invest in futures trading.

Futures trading is active, and the returns of banks and counters have increased significantly, so the subsequent owners, backers and even customers have made great profits.

Because the court cracked down on usury, banks and banks became the main way for big investors to manage their finances, and the emergence of futures exchanges has created a new way of profit.

Whether it is a bank or a bank, a bank or a bank, a bank recruits “trends” to operate on its own. Faced with a variety of “profit methods”, the big players forgot the old love of usury and were fascinated by their new lovers.

Futures exchanges can not only ensure the purchase and sale of bulk goods, but also provide opportunities for speculation. Therefore, more and more powerful people are involved in interests, and the resistance to opposing futures trading is gradually weakening.

Therefore, now it is not Yuwen Wen who relies on imperial power to protect futures trading, but interests that allow the powerful and bureaucrats to start supporting futures trading.

Many families have also begun to spend some money and try to speculate on futures exchanges. As a result, futures trading has become a hot topic among foreigners.

Under such a trend, Chen Jae, who lives in the deep palace, was also moved, and nothing strange.

However, Yuwen Wen believed that Chen Ying had a high probability of selling futures. Not only did he stop it, because facts were more eloquent, but he wanted to know how Chen Ying traded futures: "Are you speculating on futures on Changan Exchange or on Huangzhou Exchange?"

Chen Jae replied: "Isn't it a telegram now? Isn't it a joint exchange in various places? So, I generated futures trading on the Yingzhou Exchange, but handled related business on the Chang'an Exchange..."

Yuwen Wen knew that when telegrams appeared, telegram lines connected all over the world, and the convenience brought by futures trading also benefited from it.

With the opening of various telegram lines, exchanges across the country were connected together (except for Jiaozhou, which has not been telegraphed for the time being), coupled with the improvement of steamships, the emergence of trains, and the continuous expansion of the scale of sea freight, all parts of the country gradually integrated into a large market.

So, under the leadership of the imperial court, an unprecedented futures trading system emerged:

Yingzhou Yingyang, located at the intersection of the two canals and the Yellow River, has become the "general number" of the Tianxia Exchange. Its scale is unprecedentedly huge. Several telegram lines were specially drawn for message transmission, and there is also a huge team of traders.

The Yingzhou Futures Exchange summarizes futures messages from all over the world (except for Jiaozhou without telegrams for the time being), "renews in real time", and shares them with each semicolon.

At the same time, each semicolon can also participate in the transactions of the general and other semicolons. Each bank provides credit guarantees for this futures trading system and provides various financial services together with many cabinets.

A preliminary and complete futures trading system was formed last year. Merchants in Fanyu, Guangzhou can trade futures on cotton produced in Longyou, and merchants in Jicheng, Youzhou can trade futures on sugar sugar in Lingnan.

Therefore, many people open "accounts" on the general and semicolons of the futures exchange, pay margin, either pre-sale, pre-order, or conduct stimulus speculative transactions.

Speculative trading has high risks and great returns. Many people get rich overnight and many people go bankrupt overnight. The huge risks and huge returns make many people crazy.

Whether it is normal goods transactions or speculative transactions, the throughput of Yingzhou Yingyang, which is at the intersection of water and land transportation, has soared, and the transaction tax collected by the government on the exchanges has also continued to rise.

In less than a year, with telegrams, the transaction scale has doubled several times. Countless people hope to make a lot of money by speculation in futures trading, so even if there are many people who commit suicide by failing to commit suicide, they cannot stop people's speculative enthusiasm.

Yuwen Wen did not make any comments on this and waited for the change.

Times have changed. Steamers, trains, and telegraphs have appeared. Productivity development and economic development. Then the emergence of futures trading is inevitable. Although speculation is not good, this is the economic law. Therefore, there is nothing wrong with letting it go.

But he himself will not touch futures, nor does he want his family to touch them, because he knows the dangers of futures delivery (speculation), and his family does not need to take such risks.

Now, Chen Jah, who has opened an account on the futures exchange, took out her private money and "entered the market with confidence" and wanted to make a lot of money through futures trading.

Yuwen Wen thinks that Chen Xiaoye, a "business novices", is looking for death when he touches futures. However, futures trading can lose and make money (mainly referring to speculative behavior). Isn't the money won by the winner the loser the money lost?

Banks and counters absorb private funds and then lend them to speculators. Speculators enter futures exchanges as trendsetters to "get trends", constantly stimulating people's nerves.

Risk and profit coexist, but so many people still flock to it. The temptation of interests is so great that any commodity and goods that can be used as futures will appear on futures exchanges one after another.

This is the result Yuwen Wen wants to see.

When the futures market matures and banks also grow, the fate of the overseas silver that has poured in large quantities will change: silver is a precious metal, and in later generations, precious metals are also one of the futures.

Historically, starting from the mid-Ming Dynasty, a large amount of overseas silver poured in, while promoting the "silver standard", was hidden in large quantities and withdrawing from the circulation field, thus forming a very contradictory situation, similar to: success is Xiao He (silver) and failure is Xiao He (silver).

Now, driven by economic laws, when a large amount of overseas silver pours into the Central Plains, when the time is ripe, it will inevitably be sent to the futures market by profit-seekers (the silver exchange no longer sells silver at a fixed price).

Silver is constantly circulating in the hands of buyers and sellers, and constantly generating value.

In other words, most of these silvers are actually stored in the warehouses of futures exchanges for delivery on the books.

Instead of being hidden by the landlord’s old treasure cellar and withdrawing from circulation.

Because ten thousand taels of silver are deposited for a hundred years, it is still ten thousand taels of silver, and this ten thousand taels of silver may be able to create considerable profits in a few months on the futures exchange.

The imperial edict of the court could not allow the landlords to take out the silver in the cellar, but the huge profit temptation could be achieved.

This is the effect Yuwen Wen wants.

New financial institutions may do things that bureaucratic groups cannot do, and economic problems must be handled by economic means rather than administrative orders.

.m.
Chapter completed!