Shen Dong smiled and said, "So, we're going to be cooperating with Merrill Lynch again this time?"
Song Zihao quickly replied, "We haven't signed a contract yet, mainly because of the issue with the handling fees."
Last time, Merrill Lynch's commission rate was as high as 0.15%, far exceeding that of other securities companies.
Although they offered Shen Dong five times leverage, the price was still very high.
Song Zihao hoped to reduce their handling fees.
Shen Dong asked, "How much did you negotiate with them?"
Song Zihao said, "They offer us leverage up to ten times, and we pay a commission of 0.8%. Their requirement is 0.2%.
Shen Dong thought for a moment and said, "We can set a standard. For profits below 50 million US dollars, we'll charge 0.2%. For profits above 50 million US dollars, we'll charge 0.8%. Of course, the lower the commission, the better."
Song Zihao nodded and said, "I know what to do. Brother Dong, Mr. O'Neill, the vice president of Merrill Lynch Group, would like to invite you to dinner. Do you want to see him?"
Shen Dong said, "Let's meet them. Merrill Lynch is incredibly powerful in the US, and we'll be dealing with them a lot in the future. By the way, what's the situation with the Morris family? Have they contacted you since you arrived in New York?"
Song Zihao said, "No. After killing Ex, Maurice quickly took over Ex's territory. Several other Mafia families were not idle either; they joined in as well. In the end, Maurice only took over 40% of Ex's territory and even fought several battles with the Ryder family. After both sides lost nearly a hundred men, they shook hands and made peace. However, Maurice is now the largest Mafia organization in New York."
Shen Dong chuckled and said, "It seems the triad environment in New York is much better than in Hong Kong. When we fight, we won't stop until a thousand or eight hundred people die. They, on the other hand, can't stand losing a hundred people."
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