The types of securities trading modes are:
1, spot trading
The so-called spot transaction means that the buyer and seller of securities go through the settlement procedures after the transaction, the buyer pays the funds to obtain the securities, and the seller delivers the securities to obtain the funds. Therefore, the characteristic of spot transaction is "cash on hand, spot delivery", that is, the transaction of buying spot with cash.
2. Forward transactions
Forward transaction means that both parties agree to trade at a certain time (or time period) in the future at the price determined now. Futures trading is a standardized forward trading in the exchange, that is, trading futures contracts in a centralized market by open bidding. A futures contract is a standardized agreement concluded by both parties to a transaction, which stipulates that a certain quantity of a certain commodity will be delivered at the price agreed at the time of transaction at a certain date in the future.
3. Futures trade
Futures trading is similar to forward trading, which is done now and delivered in the future. However, forward transactions are non-standardized and conducted in the OTC market; Futures trading is standardized, and contracts with prescribed formats are generally conducted in the market. In addition, the purpose of spot trading and forward trading is to obtain the subject matter through trading; In most cases, futures trading is not physical delivery, but reverse trading and liquidation before the contract expires.
4. Repurchase transaction
Repurchase transactions are more characterized by short-term financing. In terms of operation mode, it combines the characteristics of spot trading and forward trading, and is usually used for bond trading. Bond repurchase transaction refers to the behavior that the buyer and the seller agree to conduct reverse transactions at a certain price at a certain time in Zhu Lai. In bond online shopping transactions, when bondholders have short-term capital needs, they will immediately pledge or sell their bonds to finance them; On the contrary, the fund provider will get a certain interest return by transferring the right to use funds within the corresponding period.
5. Credit purchase transaction
Credit transaction is a transaction in which investors obtain the credit of securities firms by paying margin, also known as "margin transaction". The main feature of this kind of transaction is that brokers provide credit to investors, that is, some funds or securities bought and sold by investors are borrowed from brokers.