What do you mean by floor trading? On-the-spot trading refers to the trading mode in which all the supply and demand sides concentrate on the exchange for bidding trading. Do we know which ones? The following are the characteristics of Bian Xiao's on-site trading _ What does the on-site trading of funds mean? For reference only, I hope it will help you.
What are the characteristics of floor trading?
1, with centralized and fixed trading places and fixed trading hours.
The stock exchange has a fixed building as a centralized trading hall, special counters and seats, and modern telecommunications equipment, which can effectively trade various listed securities. Each stock exchange has a fixed opening time and closing time. The opening hours of new york, Tokyo and London, the three largest stock exchanges in the world, are interrelated, thus forming a global trading circle.
2, strict organization and management system
In a membership-based exchange, only by obtaining the membership of the exchange can you enter the exchange for securities trading. Members must abide by the rules of the exchange. In a company-based exchange, only securities companies approved by the securities management department can enter the exchange and directly participate in securities trading. Listed securities must meet certain conditions and be approved.
3. Open tender and two-way auction are adopted.
In general commodity auction, there are many buyers and only one seller, and the competition is only between buyers. There is competition between buyers and sellers in the securities auction of the exchange. Adopting this trading method is conducive to forming a fair and reasonable price and maintaining the stability of on-site trading.
What does it mean to trade on the fund floor?
On-site trading, also known as exchange trading, refers to the trading mode in which all supply and demand sides concentrate on the exchange for bidding trading. OTC is also called OTC or OTC market. Securities are not traded by competitive bidding in the centralized market, but by bargaining at the business counter of securities companies, which is called over-the-counter trading. What is intra-fund transaction? Intra-fund transactions refer to the transactions conducted by securities companies on the stock exchange after opening an account. Just like stocks, intraday prices fluctuate in real time, and you can choose your own price to buy and sell.
The funds traded on the floor include closed-end funds, lof funds and etf funds. On-floor trading is equivalent to the stock market, which is what everyone calls the secondary market. Off-exchange market is understood as the stock exchange market, that is, the agency sales of banks and securities companies, and the direct sales of fund companies, that is, the familiar open-end fund sales channels. ETF index funds, LOF funds and closed-end funds are all traded in the market. Except for closed-end funds, the other two can be purchased and redeemed in the primary market, that is, banks and fund companies according to the net value of the day, just like ordinary open-end funds.
Generally speaking, what is intra-fund trading? Refers to the listing of securities companies on the stock exchange after opening an account. Just like stocks, intraday prices fluctuate in real time, and you can choose your own price to buy and sell. On-site fund trading is the same as buying and selling stocks. When trading at the "market price" (not the net value) of the fund, the commission is only paid, and the commission does not exceed 0.3%.
Intra-fund transaction
On-exchange fund refers to the fund traded on the stock exchange. On-exchange fund refers to the fund listed on the stock exchange, and it needs a stock account to trade. The price of funds in the market, like stocks, is updated in real time. The trading rules of most floor funds are similar to those of A shares, that is, T 1 trading and price fluctuation system. However, there are also some floor funds, such as currency ETFs, bond ETFs, gold ETFs and cross-border ETFs, which implement T0 trading.
OTC funds correspond to OTC funds, and the differences between them are mainly as follows:
1 Transaction price: On-site funds are traded at real-time prices, while off-site funds are traded at the net value announced on the same day.
2. Purchase method: on-site transactions are conducted through securities accounts; Over-the-counter transactions are redeemed through fund companies, banks and third-party fund consignment platforms.
3 Fees: The main fees of on-site funds are brokerage commissions, while off-site funds include subscription fees, redemption fees and sales service fees. Not all fees are charged, depending on the charging mode.