The basic types of securities are:
1. Stock trading.
Stock is a kind of marketable security, which is a certificate issued by a joint stock company to prove the shares held by shareholders.
2. Bond trading.
Bonds are a kind of marketable securities, which are claims and debts issued by various social entities to bond investors in order to raise funds, promising to pay interest regularly at a certain interest rate and repay the principal upon maturity. certificate.
3. Fund trading.
Securities investment funds refer to funds raised through the public sale of fund shares, which are hosted by the fund custodian, managed and used by the fund manager, and are conducted in the form of asset portfolios for the benefit of the holders of the fund shares. Funds for securities investment activities. Therefore, this is a collective securities investment method with maximum sharing of benefits and maximum risks.
The types of derivative securities include:
1. Warrant trading.
Warrants are issued by the issuer of the underlying securities or a third party other than it. The holder has the right to purchase or sell the underlying securities to the issuer at an agreed price during a specified period or on a specific date, or Securities for which the settlement difference is collected in cash settlement. Warrants are classified into different categories according to different classification standards, such as warrants and covered warrants, call warrants and put warrants, American warrants, European warrants and Bermuda warrants, etc.
2. Financial futures trading.
Financial futures trading refers to the circulation and transfer activities based on financial futures contracts. A financial futures contract refers to a standardized agreement entered into by two parties that agrees to deliver a certain amount of a specific financial instrument on a certain date at a price agreed upon at the time of transaction. In practice, there are three main types of financial futures: foreign exchange futures, interest rate futures, and equity futures (such as stock price index futures and stock futures, etc.).
3. Financial options trading.
Financial options trading refers to the circulation and transfer activities carried out through financial options contracts. The basic types of financial options are call options and put options. According to the different nature of the underlying assets of financial options, financial options can also be divided into equity options, interest rate options, currency options, financial futures contract options, swap options, etc.
4. Convertible bond transactions.
Convertible bond trading refers to a bond whose holder can convert it into a certain amount of another security at a certain ratio or price within a certain period of time. Under normal circumstances, convertible bonds are converted into ordinary shares, so they have the dual nature of debt and options. In our country, convertible corporate bonds with separate transactions have appeared in recent years. This kind of bond is actually a detachable corporate bond with stock options. That is, after the bond is issued and listed, the bond and its original stock options can be separated and traded independently.