1, different concepts.
T+0 is a widely used securities (or futures) trading system in the world. On the day when securities (or futures) are traded, the trading system that handles the settlement and delivery procedures of securities (or futures) and prices is called T+0 trading. Generally speaking, the securities (or futures) bought that day can be sold that day.
T+ 1 is a stock trading system, that is, stocks bought on the same day cannot be sold until the next trading day. In China, the Shanghai Stock Exchange and Shenzhen Stock Exchange adopt the trading mode of "T+ 1" for stock and fund trading banks, while the China stock market adopts the trading system of "T+ 1", and the stocks bought that day cannot be sold until the next trading day.
2. Different advantages
T+0 trading system can trade many times a day, and the market transaction volume is large, which is conducive to speculators chasing up and down. Under the T+0 trading system, the same fund is used repeatedly in the process of buying up and buying down, which greatly improves the utilization rate of funds and makes the investment more flexible.
T+ 1 trading system can ensure the relative stability of the stock market and prevent excessive speculation. In stock market trading, the circulation of a single stock is certain, and the small dealer of a single stock is easy to manipulate. Stock market makers buy or sell a lot of stocks in a certain period of time, which has a great influence on the rise and fall of stock prices. The introduction of T+ 1 mechanism limits the efficiency of banker's manipulation to a certain extent and can stabilize the stock price to a certain extent.
3. Different flexibility
Compared with T+0 trading system, T+ 1 trading system is less flexible. Under the T+ 1 trading system, the stocks bought on the same day cannot be sold on the same day, and they need to wait until the next day, so the capital turnover utilization rate is poor. In one day, the stock market changes rapidly, and it is difficult for investors to accurately track the changes in the stock market. When the market falls sharply, customers can't stop and leave in time, so it is difficult to predict the degree of risk and loss, which is not good for investors.