Chapter 1583 [Introducing a single T0 mechanism to the SGX market?]
After Xiaofa received the drone from Kunpeng Technology, he finally withstood the offensive of Blue Fox International. Otherwise, he really couldn't withstand it. Even if he could resist, he would have to pay a huge price. Xiaofa also realized that modern warfare
, the importance of drones.
In fact, Xiaofa doesn't have an advantage now, but if it weren't for the drones provided by Kunpeng, Xiaofa might have been driven out of Africa by Blue Fox International.
Ah Mei also sees it, and the whole world sees it.
Now, more than 85% of the world's drones, including drone accessories, are produced in the big Eastern countries. This proportion is exaggerated to my own eyes, and it is cheap and performs well. There is even such a figure on the Internet
Saying: DJI is the first choice for commercial use, and Kunpeng is the first choice for dry racking.
Xiaofa and Blue Fox International have been fighting each other in West Africa for more than a year, and Ah Mei also realized that he had to install these drones, otherwise he would not be able to fight in the future.
But at this time, Ah Mei discovered an embarrassing fact. If he wanted to install a drone, he would have to buy a drone from Dongda University. However, Ah Mei found that he could not produce an affordable drone, which would be very difficult.
Stretched...
Moreover, even with the current export price increase of 25%, Dongda’s drones are still economical and affordable.
But the problem is that Ah Mei is now thinking about buying a large number of drones, so he released DJI, Kunpeng and other Dongda drone manufacturers from the blacklist, and by the way found a step for himself, saying that
In order to ease the relationship.
In the early years, in order to suppress the development of drones in Dongda University, Ah Mei blacklisted all these companies, especially Kunpeng Technology, which is a group of galaxy companies.
Buy a drone from Kunpeng Technology.
But now it starts to smell "really good". How much do you want to buy this time?
The answer is to purchase 30 million small drones, and decided to officially release Kunpeng Technology and other drone companies from the blacklist on July 1.
When the news came out, the outside world was actually quite confused. Lao Mei's recent operations have become more and more mysterious. They fought each other with their strategies. They were still clamoring to be tough, but then they said they wanted to relax.
, as if suffering from schizophrenia.
In fact, this also shows from the side that there are great differences and confusion within Ah Mei.
…
After the weekend weekend, the time will enter Monday, June 1st.
The A-share market opened today, and the three major stock indexes all showed a unilateral upward trend. On the SGX market, drone "double heroes" DJI and Kunpeng Technology opened higher in the morning. Half an hour before the opening,
The daily limit has been reached successively.
It’s not surprising that these two stocks have reached the daily limit. There was such good news over the weekend. Ah Mei plans to purchase 30 million drones. For this reason, it also released these two companies from the blacklist.
Stimulated by this news, the concept of consumer electronics also started a rising trend.
The New Securities 50 Index reversed the previous correction and returned to the 6,000-point mark again, reaching a new high since the stage bottom.
In the afternoon, large financial concept stocks such as brokerage firms and futures also rose sharply. At noon, news came out. Sources said that the management of SGX was studying the introduction of a T1 trading mechanism for institutional investors and a single T0 transaction for individual investors.
mechanism.
As soon as this news came out, financial concepts strengthened across the board in the afternoon. The brokerage sector once rose by more than 5 percentage points during the session. Brokerage stocks such as Zhongyin Securities, Guojin Securities, and Hongta Securities all rose to the limit.
Closing at 15:00 p.m., the three major A-share stock indexes all exited the long positive line today. The NSE 50 Index rose 2.55% to 6058.16 points; the Shanghai Stock Exchange Index rose 2.21% to 2915.43 points; the Shenzhen Component Index rose 3.31% to 2915.43 points.
11102.15 points.
The total turnover of the three major trading markets was 1,627.4 billion, of which the SGX market was 865.8 billion, an increase of 160 billion in volume compared with the previous trading day.
The current trading mechanism executed by the SGX market is the T 3 system for institutions and the T 1 system for retail investors.
According to the rumored news, it is equivalent to allowing institutions to reduce the limit of two trading days. At the same time, retail investors or individual small and medium-sized investors will get a T 0 trading opportunity within the day.
The so-called introduction of a single T 0 trading mechanism means that retail investors have two opportunities to buy and one to sell within a day.
For example, a retail investor buys a stock on the same day and then sells it on the same day. The freed up funds can be used to buy again, but the second purchase cannot be sold on the same day. This is a single T 0
trading mechanism.
If the SGX market implements this new regulation on the trading mechanism, it means that the advantage of being the first to get funds is gone. The current T1 trading mechanism still has the high opening premium of the next day if the funds are the first to get the first move today.
To put it bluntly, you can buy it today and give it to the buyer tomorrow.
If the single T 0 trading mechanism is implemented, those who are unfortunate enough to receive a failed order the next day will still have an opportunity to correct their mistakes and sell in time to stop the loss, so that they will not suffer a huge loss.
On the other hand, it can restrain the funds that took the lead yesterday from being too reckless. If the price is forcibly pulled up, the funds that may be bought by other people on the same day will be shipped directly, so naturally they will not dare to be too unrestrained.
This will also have a calming effect on market fluctuations and prevent violent fluctuations.
This news is indeed not out of thin air. Fang Hong intends to do this. He is still adapting to local conditions and gradually improving the SGX market mechanism.
You can neither rest on your laurels nor go to extremes.
Directly and mindlessly copying the trading mechanism of the Magnesium stock market, which has no price limit and unlimited T 0, will inevitably lead to acclimatization.
With unlimited T 0 and no price limit within the day, the A-share market is not without such trading varieties.
The current convertible bond market is like this. In March this year, the convertible bond market fluctuated violently. A typical example is that Henghe's convertible bonds skyrocketed by more than 70 percentage points within a day, continued to surge by 40 points the next day, and then turned violently all the way through the day.
fell 15 percentage points.
With such a violent short-term trend, some people can double their profits in one day, but the vast majority of people can lose half of their profits in one day, or even cut in half again.
The original intention of engaging in T 0 should be to allow investors to promptly correct errors and stop losses. However, if no restrictions are imposed, the actual situation will inevitably become unrestricted repeated arbitrage within the day, and the original design of error correction and stop losses will be lost.
Function.
A single T 0 is able to find a relative balance point, and it is still a single T 0 for retail investors, and it is still T 1 for large institutional funds.
In this way, it is possible to avoid unrestricted repeated arbitrage of funds, and investors also have an opportunity to correct mistakes and stop losses, while also activating the capital market.
Once the SGX market adopts the trading mechanism of T 1 for institutions and T 0 for retail investors, the future trading volume of this market will definitely become a trillion yuan every day. Even when the volume explodes, the daily turnover will not reach 2 trillion yuan.
impossible.
Because there is one more change of hands during the day, it is equivalent to doubling the transaction volume.
Although retail investors are not the mainstream of the SGX market, and investors who can buy individual stocks are always in the minority, the billions of retail investors in Big A are now indirectly participating in this market through the SGX 50ETF. The trading volume of the six major SGX 50ETFs is
The stock exchange market occupies a considerable proportion.
