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Data:2009-12-12 2:34
Institutional investors in securities trading commission accepted, it should immediately be sent to the chronological order of information exchange host, to disclose their bids. When bidding the stock returns, Ke Yi relevant provisions of the auction with a collection of auction or continuous manner, the exchange will bring together big machine "price priority and time priority," the principle of auto-match transactions.
At present, the Shanghai and Shenzhen stock exchanges are there two call auction and continuous auction methods. 9:15 am - 9: 25 for a collection of auction time, the remaining trading hours are a continuous auction time. In the call auction period, the Exchange's automated matching system only stored but not matching, when the declaration of an end of bidding time, matching the system will be based on the principle of call auction, resulting in the stock opening price that day. Shanghai and Shenzhen shares are not listed on the first day of trading up or 10% limit, but a collection of Shenzhen IPO auction date, his commission bids can not exceed the upper and lower IPO price of 15 yuan, or otherwise, the bid in the auction for a collection of ineffective treatment, can only participate in the following continuous auction.
After the call auction, you come to a continuous auction, that is 9:30-11:30 and 13:00 - 15: 00. Investors buy and sell orders into the Exchange host, the matching system will be "price priority and time priority," the principle of automatic matching, the same price when the order of time sequence matching. In the matching transaction, the transaction price of the stock's decision principles: â’?transaction price and the range of the upper and lower yesterday's closing price within 10%; â’?the highest bid and the highest selling returns to declare the same price; â’?such as buy (sell) side declaration of the price high (low) to sell (buy) side of the declared price, with both sides to declare the price of the average price. Exchange traded host match, the host will return to the brokerage transaction information instantly Department for investors queries. Has not been finalized, or part of the deal, the investors have the right to withdraw or continue to wait for your commission transactions, general commission is valid for one day.
In addition, Shenzhen is not the stock's closing price the day the stock price of the final sum of the transaction, but the stock traded that day for last-minute turnover derived by dividing the volume.
