What are the trading rules of ETF funds?
1. trading hours: consistent with the stock trading hours, trading will be conducted at 9: 30 am ~1:30, afternoon 13:00 ~ 15:00, and the market will be closed on weekends and legal holidays.
2. Transaction method: Bidding transaction follows the principle of price priority and time priority. For ETF trading declaration, in the case of the same declaration time, the transaction with high declaration price is given priority. In the case of the same declared price, the early declared time will give priority to the transaction;
3. Trading unit: the minimum trading volume of ETF funds is 1 lot, and 1 lot is 100 fund shares;
4. Transaction costs: The transaction costs of ETF funds are only transaction commissions, and stamp duty is not required. The trading commission shall be determined by the securities company. Generally, the default transaction commission rate is three ten thousandths. Some securities companies have a single transaction fee not lower than the requirements of 5 yuan. They can also negotiate with brokers to reduce the transaction commission rate, which can be reduced to about five ten thousandths.
5. Price limit: the daily price limit of main board ETF is 10%, the price limit of GEM and science and technology innovation board ETF is 20%, and the minimum price change unit is 0.00 1 yuan;
6. Trading cycle: The trading cycle of some ETF funds is T+0, which is settled on the same day, such as bond ETFs, gold ETFs, cross-border ETFs and transactional money funds. Some ETF funds trade T+ 1 and settle the next day, such as stock ETFs.
What should investors pay attention to in ETF trading?
The liquidity of 1.ETF funds is very important. If the daily trading volume of an ETF is small, the bid-ask spread may be large, resulting in higher costs;
2. When choosing ETF funds, we should also pay attention to the tracking error of ETF funds, because ETF funds are index funds, and the performance of funds depends on the index, so it is very important to track the error of the index;
3. If the OTC share of ETF is limited, it may lead to a discount or premium in the on-exchange trading price, which will also increase the trading risk.