ATFXWhat are the trading rules for convertible bonds and investing away from black platforms

Investors who want to participate in convertible bond trading need to understand their trading rules?Let's take a look together"Convertible Bond Trading Rules"。

The trading rules for convertible bonds include the following points:

【1】Trading mechanism: adoption of convertible bondsT+0The trading mechanism means that convertible bonds purchased on the same day can be sold on the same day.

【2】Trading time: In the Shanghai stock market, trading time is continuous bidding(9:30-11:30，13:00-15:00)And collective bidding(9:15-9:25). In the Shenzhen Stock Exchange, trading hours are continuous bidding(9:30-11:30，13:00-14:57)And collective bidding(9:15-9:25，14:57-15:00)。

【3】Irrevocable time: morning9:20to9:25The commission during the period is irrevocable.

【4】Opening price on the first day of listing: The range of opening price for convertible bonds on the Shanghai stock market on the first day is70-150The scope of the Shenzhen Stock Exchange is70-130Yuan.

【5】The highest price on the first day of listing: There is no maximum price limit on the Shanghai stock market, while the highest price on the Shenzhen stock market is157.3Yuan.

【6】Opening price on the first day of non listing: The opening price on the first day of non listing in Shanghai is the closing price on the previous day70%——150%The Shenzhen market represents the closing price of the previous day90%——110%。

【7】Continuous bidding rule: In the Shanghai stock market, if the buying price is less than or equal to the highest buying price90%The selling price is greater than or equal to the lowest selling price110%. In the Shenzhen market, the buying price is the latest transaction price plus10%。

【8】Suspension system: If the fluctuation of convertible bonds is greater than or equal to20%Then suspend trading30minute;If the increase or decrease is greater than or equal to30%, then suspend trading until14:57。

【9】Transaction rules: During bidding, transactions are carried out based on the principles of time priority and price priority, that is, in the case of simultaneous entrustment, the lower priced transactions are prioritized;If the prices are the same, the earlier entrusted time will have priority in transaction.