What Is Rotary Trading? What Are The Special Rules?

　 rotation The transaction is a transaction method based on the T+3 settlement system, which can reduce the risk of investors' holdings and enhance the liquidity of B shares. The Shanghai Stock Exchange introduced the rotation in October 1993. transaction System.

Under a revolving trading system, investors can sell shares that can be divided into two parts: one is the stock that has fulfilled the obligation to pay, and the other is the stock that has been bought but not yet received. But no matter when to buy or sell shares, he can only handle these transactions on the third business day after the transaction, and the purchase and sale of the day can not be offset. Swing trading is applicable to centralized transactions and counter transactions in exchanges. Attention should be paid to the following situations in rotary trading.

(1) if investors do not have stock. shares The balance can only be bought and sold.

(2) if an investor has an outstanding balance of stock, he can sell the stock as much as possible without having to sell it again after the completion of the transaction.

(3) the total amount of stock sold by an investor is equal to the balance of the outstanding balance and the outstanding stock balance.

(4) investors who buy and sell stocks on different trading days can only be liquidated and cannot be offset.

(5) transactions completed on different trading days are liquidated and settled separately on the third business days after the transaction.