The five kinds of Shenzhen market order means Money Tips

Category: Money tips Release Date: 2007-08-04

Shenzhen Stock Exchange has issued a circular, will be officially implemented starting today to declare an immediate revocation of the remaining transactions, transaction or revocation of a full declaration of methods such as two new market order. At this point, dark city, the new "trading rules" in the manner provided for the five market order has been fully released. To tie in with this the introduction of the new market order means that SSE's Investors Service Center in newspaper column in which pairs of five kinds of market order in Shenzhen manner explained in detail.

Shenzhen reporting presentation on the current market price of five kinds of

One, why should improve investors delegate methods?

Many investors in securities transactions may be encountered due to slow orders, timely closing issues. To enhance market efficiency, the Shenzhen Stock Exchange in the past a single limit order on the basis of the way, in the new "trading rules" in the introduction of five kinds of market order means for investors to choose.

Second, what is the market value of reporting methods?

This declaration is based on the then market price into the transaction the host of this party or the counterparty to declare the price of real-time trading in securities of reporting in a way which can be called the declaration does not specify the commission price. Market returns can have a variety of forms, at present a total of five kinds of Shenzhen market reporting methods, namely the "best price counterparty to declare", "best price this side to declare", "best to withdraw the remaining five-speed real-time transaction reporting," , "revocation of declaration of surplus real deal" and the "full deal or revocation of declaration."

Third, market value reporting methods What are the characteristics?

Limit the original reporting as compared to market value reporting methods can guarantee a certain extent, investors buy and sell orders on a timely turnover, helping improve market efficiency. At the same time, because investors can not predict the market price of the declared transaction price, using market approach to trade reporting the existence of certain uncertainty. In general, the higher the efficiency of market transactions, reporting, and business fluctuations in the more severe, the greater the risk of price uncertainty.

Four, five kinds of market returns are characterized by the way what is?

(A) the counterparty to declare the best price

Counterparty to declare the best price refers to the report into the trading host declaration book focus on the optimal price of the queue counterparty to declare the price of its market price reporting format.

In short, the counterparty to declare the equivalent of the optimal price Quotes information without taking into account differences in circumstances, to buy time in order to "sell one" as the limit, when you sell in order to "buy one" as the limit of the reporting format.

(B) The parties to declare the best price

This side to declare the best price refers to the report into the trading host declaration book focus on the optimal price of the queue in this side to declare the price of its market price reporting format.

In brief, the parties to declare the equivalent of the optimal price Quotes information without taking into account differences in circumstances, to buy time in order to "buy one" as the limit, when you sell in order to "sell one" to limit the reporting method, when the The best price reporting into the trading side host, the original "buy one" or "selling a" queue in the queue.

(C) the optimal five-speed real-time transaction reporting to withdraw the remaining

Optimal five-speed real-time transactions to withdraw the remaining counter-party declaration refers to the price of transaction prices, and reporting into the trading host centralized counterparty to declare the best book in five price queues followed by the declaration of the transaction, is not part of the automatic revocation of market transactions to declare方式.

Put simply, the best five-speed real-time transaction that is declared surplus to withdraw Quotes of information without taking into account differences in circumstances, the order to "buy one" to "buy five," the price as the selling price or the order to "sell one" to " Sell 5 "price as the purchase price, such as the declaration can not be all of the transaction, the remaining amount withdrawn does not match the reporting format.

[1] [2] Next Page

(D) Immediate revocation of declaration of the remaining contract

Immediate revocation of declaration of the remaining transaction refers to the counterparty price and prices for transactions and reporting into the host book focus on counter-parties to declare all the declarations in turn queues the transaction, has not been finalized part of the revoked automatically.

In short, real-time revocation of declaration of the remaining turnover is equivalent to the information without taking into account differences in the case of Quotes from the "buy one," prices have begun to turn as a selling price or to "sell one," prices have begun to turn as the purchase price, such as the declaration can not be All transactions, the remaining amount withdrawn does not match the reporting format.

(E) the full deal or revocation of declaration of

Full transaction or revocation of declaration refers to the counterparty for the transaction price of the price, such as host, and reporting into the trading book counterparty concentration of declaration to declare a queue of all transactions enable it to complete transactions in turn, then turn the transaction, or else declare all automatic revocation of market reporting format.

In short, the equivalent of a full transaction or revocation of declaration of the information without taking into account differences Quotes situations, such as reporting the queue fully with the counter-party transactions, from "buy one" or "sell one" followed by matching the beginning until the full transaction, if not completely closing, then the declaration was to repeal all of the reporting format.

5, under what circumstances investors can use market order?

In order to control the risk of price uncertainty, "trading rules" rules, investors can only be restricted in a decline in securities prices have gone up during the use of a continuous auction market order mode.

6, and which securities firms can provide market order means?

"Trading rules" to use market commissioned by the securities companies and investors are not eligible limit, but because of market order and limit order on the technical system requirements are different, so they must complete the transformation of the relevant technical systems, and tested successfully in order to provide investors with market order means. Transformation did not complete the system of securities companies, you can not provide investors with market their commissioning services.

7, investors use market order when the attention should be paid what?

Although the market order is flexible and efficient, but because of market order with you now know there is a difference of limit order, investors using the market commissioned by the pre-trade market order should be fully to understand the different ways the transaction characteristics and the potential trading risks as much as possible to avoid unnecessary losses.

8 Other matters

(A) the interpretation of the information were not considered Quotes carried out under the premise of difference, when investors buy and sell orders served market trading host, and the prices may have changed, resulting in actual transaction and investors have seen orders inconsistent.

(B) The purpose of this paper the use of market returns for investors provide reference, the relevant provisions should be officially released by the Shenzhen Stock Exchange rules text shall prevail. Investors can learn more about the Shenzhen Stock Exchange web site at: www.szse.cn

(C) Investors Inquiries can be made to the Shenzhen Stock Exchange website "new" trading rules "Interpretation" section to download watch the "Shenzhen City currently has five kinds of price reporting presentation" of the FLASH file or call the Shenzhen Stock Exchange's Investors Service hotline counseling, Tel :0755-82083225, 82083226,82083227.

Previous [1] [2]