Funds are divided into on-exchange funds and over-the-counter funds. When investing in over-the-counter funds, we trade based on net value. When investing in on-exchange funds, the transaction prices of on-exchange funds do fluctuate continuously. So how are the prices of exchange-traded funds determined?

How are the prices of exchange-traded funds determined?

The net unit value is the basis for the price of exchange-traded funds. The price of exchange-traded funds is the basis for the price of exchange-traded funds. Based on the net value of the unit, it is also affected by the relationship between supply and demand. If supply exceeds demand, the price will increase, and if supply exceeds demand, the price will decrease. Specifically, the price of on-market funds is determined by bidding rules.

During the continuous bidding period, on-site funds generate transaction prices according to the following principles:

1. The highest buy order and the lowest sell order price are the same, and the transaction is completed at that price;

2. When the buy order price is higher than the lowest sell order price immediately disclosed, the lowest sell order price immediately disclosed shall be the transaction price;

3. The sell order price is lower than the immediately disclosed sell order price. When the highest declared buying price is reached, the highest declared buying price immediately revealed shall be the transaction price.

The lowest selling price revealed in real time is the selling price we see in the five-level market table; the highest buying price revealed in real time is the selling price we see in the five-level market table. buy one price.