ETFs are only bought by brokers, and listing transactions are the same as stocks.
Since you have opened a stock account of a securities company, you can actually use this account to buy all funds, including open-end, closed-end, ETF and LOF. Among them, to buy an ordinary open-end fund, you should talk to the securities company and give you the right to open the open-end fund.
You are talking about the subscription of ETF funds. ETF has two trading methods. If it is purchased and redeemed according to the net value, there are restrictions on funds, and ordinary retail investors generally will not participate. And you can choose the second option, that is, trading in the market like a stock, according to the market value. There is a little difference between market value and net value, so you don't have to care.
You can buy all these things in securities companies. Among them, E Fund 50 can also be purchased in banks and fund companies. Others must be purchased at securities companies.
Those innovative operations that close the secondary market are buying and selling at any time like stocks, T+ 1 mode.
To sum up:
1。 Closed-end, open-end, LOF and ETF can all be purchased at securities firms. Remember to buy ordinary open-end funds? Tell the broker to open this business for you. The range of open-end funds sold by each broker is different, just like some open-end construction banks bought by ICBC. The reason is the same.
2。 Banks and fund companies are called primary markets, and stock exchanges are called secondary markets, but brokers can sell open-end funds on a commission basis.
Closed-end funds can only buy and circulate in the secondary market, while ETFs can circulate in the primary market, but the threshold is too high for ordinary investors.
3。 The prices of funds purchased in the primary market before 3 o'clock every day are the same, according to the net value announced at night. The price of funds listed and traded in the secondary market is the same as the stock price, and the trading time is changing at any time. You are free to choose the right price to buy and sell.