State Street is the most important street in the Brighton Financial District. Not only are the famous old state legislature and the Federal Reserve Brighton Bank, but some of the most important financial institutions and investment companies in Brighton are also here. In addition to some famous financial buildings, there is also a familiar Patton Tavern.

Patton Tavern is located near the exit of State Street near the subway station. Its decoration is very gilded, and the environment inside is more like a café than a pub.

At nine o'clock in the morning, a black Buick sedan parked at the entrance of Patton's Tavern. A middle-aged man with gray hair and two Chinese people got out of the car. They were Zhou Ming** and Brooke.

Since the direction has been agreed, it is naturally time to take action next, so Zhou Ming and Brooke came out together.

Walking to the door of the tavern, Zhou Ming looked up and looked back and asked Brooke: "Is this what you are talking about the cds market?"

Brooke instinctively disgusted Zhou Ming, but he also understood that he was now relying on Zhou Ming to take revenge on the Adams family that abandoned him, so he could only put down those unnecessary obsessions and nodded and said yes, and took Zhou Ming into the tavern. At this time, some people had already sat in the tavern, and finally they chose a position by the window.

After sitting down, Brooke roughly introduced the Patton tavern to Zhou Ming. Brooke said that he was a tavern brought up by the CDS market, because a few years ago, Patton tavern was just a very ordinary tavern on State Street. Since the address was chosen near the subway entrance, people often came to his house to drink every day. The number of people was not large, but it was enough for the daily expenses of the tavern.

As the saying goes, if you don’t make a profit in business, you will lose money. The boss of Patton Tavern thought so, but something that happened later completely changed his mind.

One day, the owner of Patton Tavern was drinking and chatting with an investment broker and learned that the CDS market is now emerging, and the investment broker predicted that it will be the mainstream in the future.

The tavern owner has been doing business on the Financial Street for several years. Of course, he knows a lot of investment brokers and naturally knows what the CDS market is. However, he does not want to enter the CDS market to make money because he does not have the capital. Later, the boss found out that these investment brokers are all doing business for no fixed trading locations and every customer has to visit by phone, which is a very bad thing, because it means that only cheeky people will be more likely to succeed.

Everyone wants fairness, and investment brokers are naturally no exception. Therefore, more and more investment brokers hope to have a fixed trading location and information channel.

However, the difficulty is that the CDS market belongs to an emerging investment market. The most important thing is that it is completely independent of traditional securities and finance. It is not regulated by any stock exchange. It is just that both parties to the transaction conduct direct transactions through investment brokers. It is precisely for this reason that it is obviously difficult to achieve a market without any institutional supervision, and the tavern owner took advantage of this business opportunity.

So the tavern owner invited all the transactions to his own tavern with his personal friendship with various investment brokers, and he would provide the best drinks.

Perhaps the first few transactions were due to the face and favors of the boss, but with the operation of the tavern owner and the continuous development and growth of the CDS market, Patton Tavern was gradually accepted by more investment brokers and gradually became a fixed trading place. The tavern owner was no longer limited to providing a venue. He was able to do some things to exchange information by relying on his friendship with brokers from many investment companies.

After listening to the history of making a fortune in Patton’s Tavern, Zhou Ming could only sigh that business opportunities are everywhere, as long as he can be good at discovering them.

"The transactions here usually start at 10 o'clock in the morning, because in the past, the brokers traded with customers when they came to chat with them near noon or after get off work in the afternoon. Later, this habit continued. Now, due to the popularity of the CDS market, we have to come here early, otherwise we would worry about not having a seat if it was late." Brooke told Zhou Ming.

Zhou Ming nodded to express his understanding, but still asked curiously: "So what are the rules for trading here now?"

"It's the broker model," Brook explained. "Everyone who participates in the transaction must find qualified brokers to register, and then these brokers will gather together, distribute transactions based on each quote, and make commissions from each transaction contract. The current transaction commission is five thousandths of each transaction volume, that is, for every transaction transaction transaction worth one thousand dollars, the broker will get a commission of five dollars."

Zhou Ming laughed as he listened to Brooke's introduction: "Did that mean that Patton Tavern has turned itself into an exchange?"

Brooke nodded seriously: "It can be said that compared to the entire third party of the exchange, Patton Tavern still has too many problems. He will not review the identity qualifications of both parties to the transaction. As long as investors with brokers, he admits that, and as long as investors can afford money, he will open the back door to investors to give internal information, etc."

Zhou Ming expressed his understanding of this. After all, businessmen are profit-oriented. Since you give a lot of money, why don’t I give you the best treatment? As for the issue of messing up the market and your own credibility, there is no real money in hand. Maintaining the virtuous cycle of the market is what big entrepreneurs who are determined to monopolize it. But the problem is that not every businessman who discovers the market has the strategic vision of big entrepreneurs.

Simply put, it is normal for not everyone who makes a c2c e-commerce platform to make it into a certain cloud and a certain Taobao market, and then lose its market and reputation.

But this has nothing to do with Zhou Ming. What he cares about is how he can participate in the transaction.

"So the biggest help is that you can participate in the Brook Councilor. I believe that with the strength of your investment company, it is still okay to have a VIP qualification in this Patton Tavern, right?" Zhou Ming asked.

Brooke proudly answered this question: "Of course, my investment company is the largest customer here!"

But Brooke's pride was only two seconds before, and then he sighed and said, "But that's all the past. Now my company is about to go bankrupt. And with the intensification of the subprime mortgage crisis, the situation here may have changed. You know, this kind of convention is the most unreliable."

Zhou Ming smiled, then sat relaxed on the chair and said to Brooke, "Then wait."

In this way, Zhou Ming and Brooke waited for an hour in the seat. As time gradually reached noon, there were more and more people in the Patton Tavern. Compared to when they came, there were only about ten people. Now there are at least one hundred people in the tavern.

But even though so many people gathered in the tavern, there are still empty tables. This does not mean how big the tavern is, but that these seats are reserved for those powerful figures.

Those who can be called big names here are naturally those bosses or chairman of investment companies, because whether they are CEOs of Brighton Bank or members of the major families of the consortium, they are all unreachable. In the past, Brooke had to come here, so the best place must be left here, but now he can only come early with Zhou Ming.

"Damn it, I will definitely propose a bill to ban such illegal gathering places in Parliament!" Brooke said in shame.

Zhou Ming ignored Brooke's anger and shame, but his words made Zhou Ming very interested, because even though Brooke experienced a bankruptcy storm, at least his position as a senior senator is still there. The lean camel is bigger than a horse. Brooke still has a very identity. No matter how snobbish the owner of the Patton Tavern is, he has to give such a person three points of thinness to do business. How could he not even leave a position?

Then there is only one reason for doing this, that is, those who are coming are more important than Brooke!

Under such thoughts, Zhou Ming's eyes glanced back and forth around and saw that there were at least ten empty tables inside, which means that there were quite a few "big people" coming.

Stop Brooke, who was cursing and complaining to the owner of the tavern, Zhou Ming asked: "Usually, you chairman and general managers don't come to the tavern to trade by yourself, right?"

Brooke replied with a ghost expression: "Of course not, how can we come to such a place? Even if the employees of my company are fired by me, I can find my customers by phone!"

Brooke's answer is also the answer Zhou Ming thought. Generally speaking, "big people" like them have their own ways and will not go down to the market to trade with ordinary brokers. However, with so many tables here now, it means that those "big people" have been forced to do anything by the subprime mortgage crisis, so they can only come here to try their luck. After all, compared to ordinary brokers, they have more decision-making power.

Nearly an hour passed, and people kept coming into the tavern. It was so dense that it became a veritable "market". Many people had no place to sit. They just moved back and forth with a glass of wine. Almost everyone was talking with their faces close to their faces. They kept gestures or shouting loudly to make the other party hear clearly.

Zhou Ming was still sitting there, in this environment, as if there were eight hundred ducks clamoring in his ears, which made people feel extremely upset.

Brooke on the opposite side had long been very impatient. He took out a handkerchief to cover his mouth and nose, and covered his ears with one hand, as if he took a breath of the air here and listened to the noise here more and would die immediately.

Zhou Ming didn't like the turbid air here either, but waiting here was effective, because in nearly an hour, Zhou Ming saw that the empty seats in the tavern were already full, and those people were holding handkerchiefs and covering their mouths and noses like Brooke.

Brooke certainly understood Zhou Ming’s idea, so he came to Zhou Ming and introduced him: “The people who came over there were decision makers of famous investment companies on the streets of the state. Look at the one wearing red dresses over there, he is Jammel, the chairman of Caribbean Investment Company; the table next to him was talking to him was Madison of Louis Investment Company.”

Brooke then pointed to the other side and said, "The two investment companies over there are also worth noting. One is Martin, chairman of St. Martin Investment Company; the table sitting behind them is Leo, chairman of New Dawn Investment Company; and there..."

Zhou Ming listened to Brooke's introduction silently. After he finished introducing, Zhou Ming immediately asked him: "These are all the largest investment companies in Brighton, aren't they?"

"This is just the largest investment company in State Street and nearby, but it is Brighton's financial center, and that's about the same." Brooke replied.

Zhou Ming then asked: "Which companies have a close relationship with the Adams family? They are those who have received great support from the family like you, such as Councillor Brooke, who are almost part of the Adams family's industry."

Brooke was stunned for a moment, and he asked in a daze: "Chinese, are you really going to do this?"

"Do you think I'm joking with you?" Zhou Ming asked back.

Brooke took a deep breath: "I understand, then I can tell you that these companies basically have a deep relationship with the Adams family, because the CDS market is driven by the Adams family behind the scenes."

"So that's it, let's start." Zhou Ming smiled.
Chapter completed!