On-site funds can be arbitrage in the following ways:
1, high throw and low suck arbitrage
For funds that can only be traded on the floor, investors can earn the spread by selling high and sucking low, so as to achieve the purpose of arbitrage.
2. On-site and off-site spread arbitrage
Some floor funds have two markets: floor trading and over-the-counter trading. Investors can use the price difference between the two markets for discount arbitrage or premium arbitrage. Discount arbitrage means that when the market price on the spot is lower than the net value of off-exchange funds, investors can buy funds in stock accounts on T day, and then redeem the funds in the column of "on-exchange funds", and the funds will arrive on T+2 day; Premium arbitrage means that when the on-site market price is higher than the off-site fund's net value, investors can buy the fund in the "on-site fund" column in the stock account on T+ 1 day, and the arbitrage is completed in the on-site market on T+2.
In the process of arbitrage, the spread earned by investors is greater than the handling fee, otherwise it is not worth the loss.
At the same time, the floor fund has the following trading rules:
1, transaction method
Most floor funds realize the T+ 1 trading mode, that is, the floor funds bought by investors on the same day cannot be sold on the same day and need to wait until the next trading day. A very small number of floor funds realize the T+0 trading mode, that is, the floor funds bought on the same day can be sold on the same day, such as funds investing in the Hong Kong stock market.
2. Number of transactions
Every time I buy a floor fund, it is an integer multiple of 100.
3. Trading time
The trading time is 9: 30-11:30 on the trading day; 13:00- 15:00。
4. Trading principle
Follow the principle of time priority and price priority, that is, the declaration of high purchase takes precedence over the declaration of low purchase, the declaration of low sale takes precedence over the declaration of high sale, the declaration of the same price takes precedence, and the declaration of the first one takes precedence.