1, spot trading. That is, cash transactions are usually completed within a few days after the transaction. Most of the securities transactions in this form of securities market are spot, and money and goods are distinct. Sometimes after a few days of trading, the settlement and delivery procedures will be handled according to the current transaction price. Its main feature is that trading and delivery are basically synchronized, and it is a physical transaction, with clear money and goods, which can avoid speculation.
2. Futures trading. Trading within the agreed time limit after the buyer and the seller reach a trading agreement refers to the securities market trading mode in which the customer obtains the credit of the securities firm by paying a certain amount of margin with his own credit, and the securities firm pays the securities first when entrusting to buy securities, lending securities or entrusting to sell securities.
3. Contract transactions. Its specific transactions can be divided into two types: margin financing and securities lending. Margin trading means that when a stock market is bullish, customers want to buy a certain number of stocks, but they don't have enough funds. By paying a certain amount of margin, brokers prepay the cost of buying securities on behalf of their buyers. Short-selling margin means that when a stock market is bearish, customers borrow a certain amount of this stock from brokers and sell it to the market by paying a certain amount of margin.
4. Credit transaction. It is a combination of spot and futures trading between customers and brokers, that is, customers sign entrustment contracts with brokers to entrust brokers to buy or sell loans, and then repay the loans or prices of brokers with interest afterwards. This form of securities market trading allows customers to buy and sell securities even if they have no cash or securities on hand.
1. The securities market is the place where stocks, bonds, investment fund shares and other valuable securities are issued and traded, which realizes the docking of investment demand and financing demand and effectively solves the contradiction between capital supply and demand. In a broad sense, the securities market refers to the sum of all trading relationships with securities as the object.
2. From the perspective of economics, the securities market can be defined as a trading mechanism that determines the price of securities according to the relationship between supply and demand through free competition. In the developed market economy, the securities market is an important part of a complete market system, which not only reflects and regulates the movement of monetary funds, but also has an important impact on the operation of the whole economy.