"Barrain Securities has launched 10 commission-free times a year, more than 10 times, and only charged one-thousandth trading commission, breaking the lowest commission record in the UK securities industry!"

"Bahrain Bank is resurrected, and its subsidiary Bahrain Securities attracts the attention of the entire market with the lowest commission."

"Barrain Securities launched a commission war, one thousandth of commission, turning securities trading from expensive luxury goods into a game that ordinary people can trade. Other securities companies in the industry said that the one thousandth of commission from Bahrain Securities is just a gimmick, because it is necessary to trade through the Internet to obtain such qualifications. There are only 300,000 computers in the UK that are connected to the Internet. Even if one-tenth of these Internet users will become Bahrain Securities users, Bahrain Securities will only acquire 300,000 securities customers at most, which is not enough to change the market structure..."

After the press conference of Bahrain Securities, the entire British financial market was hotly discussed.

Of course, most of the peers only regard Bahrain Securities as a sensational clown. They are exempt from commissions for ten times, and only one thousandth of commissions will be charged more than ten times? How much money can a securities company make with such a commission?

The entire market is waiting and watching. If Bahrain securities market share continues to increase, then other securities companies may imitate it. However, if Bahrain Securities cannot cause much wave, then other securities companies will still maintain expensive commission ratios.

...

April 2, 1995.

Bahrain Securities Company has officially launched its official website. The website provides free download and use of market software and trading client - "Bahrain Securities Market Trading Master"!

On April 3, the Bahrain Securities Branch officially resumed operations in more than 30 business outlets in the UK.

On that day, major outlets attracted more than 2,000 people to open accounts. Most of the users did not have too much net assets, but many of them were retail investors who had many years of experience in securities trading and liked high-frequency trading. Most of these retail investors had average yields, and they could not change their habits of high-frequency trading for many years. The main reason for the losses of these investors was caused by the handling fees. Based on the current three-thousandth commission in the UK securities industry, the transaction fee accounted for 30% of the total amount of funds hundreds of times a year. Therefore, low commission calculations have captured the pain points of many people.

After that, within a few days, the main job of Bahrain Securities' major business outlets was to open accounts for new users who were constantly coming.

Although there are few rich people with high net worth, they attracted 6,000 incremental users in one week, and the incremental funds brought by more than 100 million pounds.

By mid-April, when Bahrain Securities had 10,000 customers, the funds custodianed in the securities company's accounts had already reached 260 million pounds, and the securities commissions that can be obtained each trading day had exceeded 100,000 pounds... And, as more customers' commissions are exhausted, the commissions that Bahrain Securities can collect will continue to increase.

It can be said that for many investors, securities trading combined with the Internet, almost turns the experience of securities trading into an online game similar to online games. Every trading day is full of suspense. Although it is always ups and downs, either rising or falling, but since every rise and fall is real wealth, many retail investors may be obsessed for life.

Any popular online game is nothing compared to the client of a securities company. Securities trading and large-scale adult games can make people obsessed with for decades and a lifetime.

However, there are few online games that can make people not get bored after ten years.

...

Bahrain Securities users surge at a rate of one or two thousand every day. In addition to the attractiveness of low commissions, it is more because the UK stock market is still in a bull market at the moment.

Because the low commission is limited to users who trade on Internet client, many customers soon went to the market to buy Pangu computers after opening an account.

The reason for buying Pangu computers is mainly because Bahrain Securities' Pangu client has richer functions, while PC clients are more perfunctory in terms of market conditions, information, and trading interfaces. Although they also enjoy low commissions, in comparison, Pangu platform clients are better. The main purpose of purchasing computers is for stock trading users, so they naturally choose better Pangu computers.

Due to the Bahrain Securities, at least two or three hundred users in the UK purchase computers and access the Internet every day, because even if the cost of purchasing computers and networks is taken into account, Bahrain Securities, which has a low commission, is still more cost-effective than other securities companies.

The reason why users are so generous is mainly because it is too easy to make money in the current market. It is easy to make money, and I feel that my investment can be used to make money better, so I will naturally be generous.

If it were a bear market in the securities market, not only Bahrain Securities' low commissions would probably not attract many users. Moreover, it is even more impossible for users to buy computers and activate Internet services in order to trade stocks.

In the 1990s, with the exception of a very small number of exceptions like Japan, most countries were in a long-term bull market. Of course, the Japanese stock market was exceptional. Starting from the second half of 1994, Lesson speculated on the Nikkei 225 stock index futures and was bullish on the Japanese stock market rebounding from the bottom. As a result, starting from the early 1995, the Japanese stock market collapsed continuously, and Lesson failed to speculate, causing the bankruptcy of the Bahrain Bank.

If Lesson switches to stock index futures and goes long, such as the Hang Seng Index and the FTSE 100 Index in the UK, it may be another ending.

Of course, if Leson did not defeat Bahrain Bank, then Hang Seng Bank and the new entrepreneurial department would never be able to acquire an old investment bank like Bahrain Bank.

The FTSE 100 index in the UK was in the long bull market since its formulation in 1984. In 1984, the benchmark point of the FTSE 100 index was 1,000 points, and by 2000, it rose to its peak of 6,950 points.

From the mid-1980s to the late 1990s, the British stock market soared 7 times. Such an increase obviously far exceeded the future performance of these listed companies. Therefore, in 2000, the British stock market was at its peak, and after 19 years, the British stock market returned to the index point of 2000. It can be said that in the first 20 years of the 21st century, the British capital market basically did not contribute returns to investors. The average negative returns of the entire market were not the case because in the 1990s, the mainstream capital market in the world was generally in the bubble era.

After that, after the bubble was burst, most countries may not return to their previous levels after 20 years. There are very few exceptions, for example, the US stock market is completely different from other global markets by attracting global capital.

The Hong Kong Hang Seng Index is also a rare top student, because in the mid-1990s, the Hong Kong market began to introduce domestic companies to list in Hong Kong. The Hang Seng Index began to continuously include more Chinese companies as component stocks in the 1990s. In particular, Tencent grew hundreds of times after its listing. It can be said that Tencent alone made the Hang Seng Index a few long bull index that can be compared with the Dow Jones and S&P 500 in the US.

Whether it is the bull market in the US stock market or the bull market in the Hang Seng Index, it is mainly the economies behind it, and the continuous growth has driven the amazing growth rate of listed companies. After the bubble collapsed, the Japanese and European stock markets failed to recover from the bottom for decades. The bigger factor is that the economic growth of Japan and Europe and the United States is not good, and a single listed company cannot represent the economic trend. However, the growth rate of revenue and profits of a package of listed companies is basically synchronized with the economy.
Chapter completed!