There is a certain period in the late trading of individual stocks. There is no price for buying five and selling five. There was only one price change in the whole market during this period. What is this? In fact, this is a late bidding. In this regard, please look down.

What does late bidding mean?

The late call auction refers to the trend of the market during 14: 57- 15: 00. During this period, investors can choose to boldly quote a low price or quote a high price for shipment. The purpose of late call auction is to let the market decide the closing price of the day three minutes before closing. This operation can effectively prevent some bookmakers from pulling up or smashing the market at the last second before closing.

In late call auction, you can see the first market price of 14: 57. The size of this price determines that everyone can take this price as the benchmark, and then hang a single below this price to sell or hang a single above this price to buy. Of course, you can't cancel the order at this time, you can only hang the order. Similarly, it is impossible to cancel the order within five minutes from 9: 20 to 9: 25 call auction time.

To sum up, this is the significance of the late bidding auction.