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african jewelry wholesale distributors The exchanges will automatically match the transaction in accordance with the principle of "priority priority, time priority".
The specific rules are as follows:
1. After the securities operating institution accepts the investor's trading commission, the information shall be transmitted to the exchange host in order in order to publicly declare the bidding. When the stock declaration bidding is bidd, it can be carried out in accordance with relevant regulations or continuous bidding. The matchmaker of the exchange will automatically match the transaction in accordance with the principle of "priority priority, time priority".
2, Shanghai and Shenzhen exchanges have gathered bidding and continuous bidding methods. 9: 15--9: 25 in the morning is the gathering time of the collection, and the remaining transactions are continuous bidding time. During the collection bidding period, the exchanges' automatic matching system is only stored without matching. When the bidding time is over, the matching system will generate the opening price of the stock on the day of the stock according to the principle of the collection bidding.
3, after the gathering of the gathering, enter the continuous bidding time, that is, 9: 30-11: 30 and 13: 00--15: 00. After the investor's trading instructions enter the exchange host, the matching system will automatically match the principle of "priority priority, time priority". When the same price, it will be matched in order in order. When matching the transaction, the decision principle of the stock transaction price is:
⒈ The scope of the transaction price must be within 10 % of the charging price yesterday;
R n 买 When the application price of the buyer (selling) party is high (low) at the declaration price of the (buy) party, the average price of the declaration price of both parties is used. If the console is matched the transaction, the host will immediately return the transaction information to the brokerage sale for investors to inquire. Investors have the right to revoke their entrustment or continue to wait for the transaction. The general commission is valid for one day.
4, the closing price of Shenzhen stocks is not the last transaction price of the stock on the day of the stock, but the transaction value of the last minute of the stock on the day of the stock was removed from the transaction volume.
This expanded information:
1, electronic matching: electronic matching is a network electronic trading platform. Both parties to buy and seller quotate them through the network trading system. It is equivalent to the transaction method of transactions when the seller quotes and produces electronic transaction contracts.
2, transaction matching: When the computer is matched, the latest transaction price is determined based on the previous transaction price. If the previous transaction price is lower than or equal to the selling price, the latest transaction price is the selling price; if the previous transaction price is higher than or equal to the purchase price, the latest transaction price is the purchase price; if the previous stroke The latest transaction price between the transaction price and the purchase price is the previous transaction price.