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Securities trading:
Securities trading refers to trading or transferring issued securities in the securities market. Securities trading and securities issuance are closely related, promoting and restricting each other. The main types of securities trading are stock trading, bond trading, fund trading and other financial derivatives trading.
The basic forms of securities trading:
Securities trading is generally divided into two forms:
One form is listed trading, which refers to the centralized trading and listing of securities in the stock exchange. All securities registered and traded in the stock exchange are called listed securities; A company whose securities can be listed and traded on a stock exchange is called a listed company.
Another form is over-the-counter trading, that is, securities that are publicly issued but do not meet the listing standards are traded in the over-the-counter securities market.
Many joint-stock companies have issued shares, but not all companies can be listed or traded freely on the OTC market. If a stock wants to be listed or traded on the OTC market, it must be audited according to certain conditions and standards. Only those who meet the requirements can be listed or traded on the OTC market freely. If the conditions of listed stocks deteriorate and fail to meet the standards, the stock exchange may suspend its listing qualification.
Liquidity is the basis to ensure that securities become basic financing tools. After the issuance of securities, securities become investors' investment objects and investment tools, which endows securities with liquidity and makes it convenient for securities investors to enter or exit the securities market. The liquidity of different securities is different. The shares issued and listed by a joint-stock company according to law can be freely transferred according to the trading rules stipulated by the stock exchange, and the shares held by promoters and other senior managers of the company cannot be transferred within the statutory time limit, which affects the liquidity of state shares and legal person shares.
The stock index of futures account is different from ordinary commodity futures. Before launching stock price index futures, it must meet the following conditions:
The amount of funds in the futures account is not less than 500,000 yuan; Have participated in the study of the basic knowledge of stock index futures and need to pass the relevant knowledge test; In the past three years, he has participated in commodity futures above 10 or has more than 20 simulated trading of stock index futures 10 trading days.