1, LOF fund's on-site trading and on-site subscription are not the same thing, and there is a difference in price. Trading on the floor is like buying and selling stocks, and the price of buying and selling is the trading price at that time; Purchase and redemption are just like buying and selling in a bank, and they are all traded according to the net value after the end of the day.

2. The so-called "on-site subscription" here is usually aimed at LOF. LOF is the abbreviation of English name of listed open-end fund. Funds can use the fund company's open-end fund account to subscribe, purchase and redeem fund shares outside the usual open-end fund entrustment system, that is, outside the exchange (called OTC); You can also use Shanghai or Shenzhen securities accounts (including stock accounts or closed-end fund accounts) to buy and sell open-end funds with fund shares on the exchange through the stock entrustment system (called floor).

3. On-site trading refers to stock trading through the stock exchange. A stock exchange is a place with a fixed site and various service facilities (such as quotation board, TV screen, computer, telephone, telex, etc.). ), necessary management and service personnel, and centralized trading of stocks and other securities. The stock trading in this place is called floor trading. At present, in all countries of the world, most stock circulation and transfer transactions are carried out in stock exchanges. Therefore, the stock exchange is the core of the stock circulation market, and floor trading is the main organization mode of stock circulation.