The implementation of "T+0" transaction has three advantages:
First, it is conducive to stimulating trading volume. Because "T+0" trading has no limit on the number of stock trading operations in a trading day, it is absolutely beneficial for speculators to kill up and chase down, fast-forward and fast-out. The stock price fluctuates frequently in the short term, the spread opportunity increases, and the trading volume will definitely increase.
Second, it is conducive to improving the utilization rate of funds. If the "T+0" transaction is implemented, the same fund can be bought and sold repeatedly in one trading day, and the utilization efficiency of funds will be doubled.
Third, it is conducive to increasing commission income.
Of course, everything must be divided into two, and the "T+0" transaction has advantages and disadvantages.
Disadvantages 1. Risk control. If "T+0" trading is implemented, the trading system of securities firms needs to be updated and the fund management must be strengthened. Otherwise, there is a high risk of overdraft. If a brokerage firm wants to close its position forcibly, there is no detailed support.
Disadvantage 2. "T+0" trading encourages speculation. If "T+0" trading is carried out in Shanghai and Shenzhen, where speculation is already strong, it is unimaginable that short-term speculation will be more prosperous. The buying and selling frequency of various speculative funds has accelerated, and the gap between stock prices has increased. Even the extreme speculative situation of sudden daily limit and sudden daily limit is not ruled out.
This information does not constitute any investment advice, and investors should not use this information to replace their independent judgment or make decisions only based on this information.