An unknown day trader was moving the markets; traded approximately 1.7 trillion yen ($17 billion).
On February 4, a client gave an order of 300,000 shares at 6,714 yen of the telecommunication giant SoftBank Corp. after the company's price plunged 5 percent in Tokyo trading. With that order of approximately $20 million filled, buyers followed the momentum and the company ended up as one of the only two gainers in the Nikkei 225 Stock Average for that day.
How was this man who gave the order that moved the markets? This person known as CIS, is a 35 year old former video game champion and pachinko gambler.
CIS watched the markets closely and when SoftBank had lost a fifth of its value over a span of nine days, he made his move by betting on a rebound. Ninety minutes after the trade, he was able to cash out with a profit of a whooping 140.6 million yen.
CIS disclosed that he had made 6 billion yen on Japanese stocks just last year. But over the years, he has more than 16 billion yen. He became the master among the Japanese stock traders, always making him an important topic of conversation.
From one of his numerous brokerage accounts, liquid assets ranging from 4.4 billion yen to 4.8 billion yen. This is just from one brokerage account alone. Per his tax return, he traded 1.7 trillion yen worth of Japanese equities just last year. This is around 0.50 percent of the value of all the transactions done by individuals on the Tokyo Stock Exchange. On some days, he said that he bought and sold 70 billion yen worth of stocks.
CIS did not want to disclose his real name. No one has ever watched him work. But what CIS wants is for people to finally know what he has accomplished. After six interviews over many months with the multi-millionaire, CIS has specifically asked not to be named for this story over worries of robbery or extortion.
