Countering, also known as relative entrustment or collusion, means that the actor intends to influence the securities market and conspires with others. Both parties play the role of seller and buyer respectively, and each trades the securities according to the agreed type, price, and price. Quantity, the act of issuing transaction entrustment instructions to the same or different securities brokers and completing a transaction, that is, one party makes a transaction entrustment, and the other party makes an opposite transaction entrustment, and the transaction is concluded based on the content of prior collusion. Countering, that is, the main force opens accounts in multiple sales departments at the same time, quotes and trades between the sales departments in a see-saw manner, uses multiple accounts to buy or sell at the same time, and artificially raises or lowers the stock price in order to benefit from it. When large trading orders appear continuously in the transaction column, and there are no pending orders at this price in the buying and selling queue or the trading volume is much greater than the volume of pending orders in the buying and selling queue, then in all likelihood, it is the main force's deliberate counter-attack. At this time, if the stock price is at The top may be to protect shipments, and if it is at the bottom, it may be to activate equity. Countering is the act of exchange members or customers deliberately colluding to create market illusions, attempt or actually seriously affect stock or futures prices or market positions, and conduct transactions or buy and sell each other in accordance with a pre-agreed method or price. In layman's terms, it is self-buying and self-selling. The left hand goes out and the right hand goes in. The chips are poured back and forth between two (or more) warehouses A and B. The same situation exists in electronic spot. Electronic Spot Home introduces Section 9(a)(1) of the U.S. Securities Exchange Act of 1934, Section 274(1) of the Hong Kong Securities and Futures Ordinance, and my country's Securities Law 》Article 77 stipulates this behavior. Article 155, paragraph 1, paragraph 3, of Taiwan’s Securities and Exchange Act stipulates the act of knocking. Relatively speaking, the provisions of Section 118 of the UK Financial Services and Markets Act 2000 and the Financial Services Authority (FSA) Market Abuse Code are relatively general.
The main purpose of knocking is to create out-of-the-box trading volume and use the trading volume to create a stock price that is beneficial to the market maker. Bankers often use counter-knocking. In the past, it was generally used to attract retail investors to follow up, but now it has become a common trading method. Counter-knocking is used when opening a position, when shaking a position, when pulling up, and when shipping goods. Counter-knock, you still use counter-knock when the market rebounds.
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