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Data:2009-12-12 2:34
"Why is the same brokerage to different people have different transaction costs? Why the different types of transactions, handling the difference be so big? How these costs are collected? How transactions would save transaction costs?" Recently, a friend named Xiao Liu successive I asked a few questions. I believe these issues for most investors, there is understanding of the blind spot. To this end, I specifically looked up the relevant information to help you find out.
In fact, the current broker will, as the amount of money the size of the set different commissions. For the large amount of money, and the volume trading customers, if they wish to get a lower trading commission that is not difficult. However, in general the small individual investors, money that otherwise is not more out of less, there is absolutely unable to enjoy the VIP treatment broker.
However, the retail trade to change the varieties of transaction costs can be reduced a lot. At present, the adoption of online trading, trading commission of 0.15%, 0.1% stamp duty, if the Shanghai Stock Exchange, while 0.1% of the transfer fees, a total of 0.35%. The big trading commissions can be as low as 0.1% or even 0.02%. Calculated according to the latter, then the transaction costs is only 0.22% compared to retail investors to reduce 37%; Should the buying and selling of shares in Shenzhen, you can reduce 52%.
If, however, turned to look at other transaction types, then the retail transaction costs also can be low to negligible. Under the existing policy, if the sale of ETF, warrants, closed-end funds do not need to pay stamp duty and transfer fees, that is, you can only pay commissions. In this way, the total transaction cost is 0.15% of the trading commission, compared to 0.22% of those buying and selling stocks of large transaction costs even lower.
Of course, the closed-end funds and ETF volatility is limited, in terms of short-term customers may be less profitable. However, warrants, especially those that warrants a premium, not only are stock volatility and less, allowing T +0 transaction, but transaction costs even lower. (Zhang Chunbing)