Shanghai Stock Exchange Extends Designated Trading Order Acceptance Time
Shanghai, China -The Shanghai Stock Exchange (SSE) announced today that it will extend the acceptance time for designated tradingorder submissions, starting from October 8th. This move aims to further enhance the efficiency of designated trading services.
According to the SSE’s announcement, thenew acceptance time for designated trading orders will be from 9:15 to 11:30 and 13:00 to 15:00 on each trading day. Previously, the acceptance time was from 9:15 to 9:25, 9:30 to 11:30, and 13:00 to 15:00.
This adjustment comes after the SSE’s trading system experienced an outage on September 27th during a period of heavy trading volume. Following a test on September 29th, the SSE will conduct another full-network test on October 7th. The Shenzhen Stock Exchange will also conduct a similar test on the same day to provide a connectivity testing environment for relevant institutions.
The SSE’s decision to extend the acceptance time for designated trading orders is expected to benefit market participants by providing them with more flexibility and time to submit theirorders. This move also reflects the SSE’s commitment to improving the efficiency and stability of its trading system.
Background:
Designated trading is a type of trading mechanism used in the Chinese stock market, where investors can submit orders to designated brokers who then execute the orders on their behalf. This mechanism is often usedby institutional investors and large individual investors.
Impact:
The extended acceptance time for designated trading orders is likely to have a positive impact on the Chinese stock market by:
- Increasing trading efficiency: By providing more time for investors to submit orders, the SSE can reduce the risk of order congestion and improve theoverall efficiency of the trading system.
- Enhancing market liquidity: With more time to submit orders, investors may be more likely to participate in the market, leading to increased trading volume and liquidity.
- Boosting investor confidence: The SSE’s commitment to improving its trading system is likely to enhance investor confidence inthe market.
Future Outlook:
The SSE’s decision to extend the acceptance time for designated trading orders is a positive step towards improving the efficiency and stability of the Chinese stock market. This move is likely to benefit both institutional and individual investors, and it is expected to contribute to the continued growth and development of theChinese stock market.
References:
- Shanghai Stock Exchange: Link to the official announcement
- IT之家: Original news article
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