What's the difference between ETFs in Shanghai Stock Exchange and Shenzhen Stock Exchange?
1, the difference between trading instructions
There are five ways to declare on Shanghai Stock Exchange, seven ways to declare on Shenzhen Stock Exchange, two more ways to declare on Shenzhen Stock Exchange, and many trading orders.
2. Difference of single declaration quantity
For investors with large trading volume, it is more convenient to place an order in Shenzhen, with a single declaration limit of 30 in Shanghai, a market price of 10 in Shenzhen and 50 in Shenzhen.
3. The difference between preparing and opening a warehouse and locking or unlocking a voucher.
When opening a position in Shanghai stock market, you need to lock the securities before opening the position, and when closing the position, you need to unlock and then close the position. Opening and closing positions need to be divided into two steps. When opening and closing positions in Shenzhen stock market, bonds are automatically locked and unlocked in only one step. It is easier to open a position and a flat position in Shenzhen Stock Exchange.
4. Differentiate treatment of insufficient preparation vouchers
In view of the shortage of covered bonds, the Shanghai Stock Exchange has taken measures to supplement the underlying bonds or strengthen the hierarchy, and the Shenzhen Stock Exchange has included the covered warehouse in the general warehouse. In the case of sufficient margin, Shenzhen stock market is not easy to trigger a strong level.
5, the difference between the combined strategy declaration time.
The reporting time of the portfolio strategy of Shanghai Stock Exchange is 9:30~ 1 1:30, 13:00~ 15:00, and that of Shenzhen Stock Exchange is 9: 15~9:25 and 9: 30 ~/. Shenzhen Stock Exchange can declare its portfolio in call auction stage, with a longer reporting period and more efficient use of funds.
6. Differences in warehouse management.
For investors who open multiple derivative products accounts at the same time, the Shanghai Stock Exchange does not consolidate the calculation in the management of limited positions, but the Shenzhen Stock Exchange consolidates the calculation.
7, the difference between melting and crushing mechanism
It only affects contracts with extremely low prices.