What are the advantages of grey market trading? What does grey market trading mean

Grey market, that is, the trading of shares outside the market is not exposed to the public, and the contents of these "dark" transactions are called grey market because they are not exposed to the public and will not be disclosed by the Stock Exchange.

The grey market price has a certain degree of influence on the trend of the new stock, and investors will use it as an indicator of the trend of the new stock on the day of listing. On the contrary, if the market is weak or there is a lack of buying sentiment, investors' interest in subscribing to new shares will be greatly reduced, and the grey market price should not be regarded as an indicator of the trend of the stock when supply and demand exceed demand.

1. Be one step ahead of others, ** new shares. Users who have not won the lottery can trade in the grey market before listing.

2. Provide reference for the trend of new stocks. If the grey market performance of the new stock is good, you can sell it in advance to make a profit, and if the performance of the new stock is poor, you can reduce your holdings, sell in advance, and stop the loss in time.

Overall, it is more useful for users who participate in the Hong Kong stock IPO. Huasheng**, a Hong Kong licensed brokerage under Sina Group, recently launched a grey market trading function on their Hong Kong and U.S. stock trading app Huashengtong, and you can try it if you participate in Meituan's new market.

Grey market trading is trading that takes place over-the-counter and is a Hong Kong stock.

An operation unique to the ticket market, which did not pass through the Hong Kong Stock Exchange.

The matching of the trading system directly realizes the best matching transaction in the internal system of some large brokerages.

1. Once the buyer provides the ** and quantity that he is willing to buy off-site, whether the seller sells it or not, it will become a grey market**. The transparency of grey market trading is not large, so the corresponding risk will be much greater, generally before the listing of new shares, you can know the popularity of new shares through the grey market, which must be listed on the main board, GEM.

The risk of Zheng leakage is too great.

2. The most common grey market trading is when new shares are listed, because the number of new shares placed is small, some people do not win the lottery or are not satisfied with the number of winning the lot, they will trade with investors through grey market trading.

3. Not all new stocks will be traded in the grey market, and only stocks listed on the main board will be traded in the grey market. However, even if there is a grey market for the main board listing, investors may have greater disagreements on the grey market and other reasons, which may also lead to the failure of the grey market trading. In short, grey market trading mostly occurs on some new stocks that are bought more.

4. The rules and methods of grey market and open market trading are basic and exchanged.

Consistently, the time of grey market trading is different from the time of the opening of Hong Kong stocks, and the time of grey market trading is generally 4:15-6:30 p.m. the day before the listing of new stocksDuring this time period, it is possible to buy and sell new shares in advance.

Extended Materials. The advantages of grey market trading are mainly reflected in the fact that it can make a prediction of the new stock listing, and if you are optimistic about one, you can be in the grey market, so that you can collect some chips in advance, and you can also see if you are optimistic about the new stock according to the market's reaction, whether it can be recognized by the market. Grey market trading has certain advantages, but also has great limitations, and it may be of great help to yourself when you learn more about relevant knowledge when buying **.

The so-called grey market trading is Hong Kong stocks.

A unique form of trading refers to the trading on the day before the new stock is officially listed, which has a good reference value for judging the rise and fall of the first day of the new stock.

Grey market trading is not traded through the exchange system, but is matched within the characteristic brokerage. In contrast, the bright market is the Hong Kong Stock Exchange.

Official, public** system, all accredited investors.

You can participate in the ** transaction tie source system. Theoretically speaking, only those listed through public offering will have grey market trading. There is no grey market trading for ** listed through placement or introduction.

Grey market trading is because there is an objective demand for buying and selling, and brokerages provide grey market trading services in order to improve their own commission income. The reasons for this type of transaction can be summarized into the following two categories.

For example, if you are very bullish on the prospect of listing a stock for a buy-side, but you fail to hit the IPO or receive a small number of allotted shares, you can get ** before listing through grey market trading.

For the seller, some investors have new funds for financing, which is the cost of capital.

Therefore, if it is ideal in the grey market, it can be sold in time to lock in profits and reduce the financing rate.

Extended information: 1. The significance and legal provisions of grey market trading:

1) The rise and fall of the grey market usually reflects the rise on the first day. Normally, new stocks that perform well in the grey market also perform well on the first day of listing. New stocks that do not perform well in the grey market generally do not perform well on the first day of listing.

Take the grey market as a reference and lower your expectations to be able to advance and retreat calmly.

2) If you encounter a new stock that you are very optimistic about, but the number of winning lots is far less than you expected, you can buy ** through the grey market. For new friends, the principle of grey disk + shipment in batches on the first day is usually adopted, so that the best sold is smoother.

3) Relevant laws and regulations.

It is pointed out that grey market trading is not illegal in Hong Kong, and it is expressly prohibited in Shanghai and Shenzhen.

2. The Hong Kong** Exchange Ordinance and the Rules of the Exchange do not clearly define what is meant by grey market trading and explain its legal effect. The legal effect of grey market trading is only determined by the content of the agreement reached between the parties to the transaction.

However, in Phillip's own **, it is claimed that "Phillip Trading House is the first trading platform to hold a legal operation license issued by the Hong Kong ** and ** Commission for the Securities and Futures Commission (SFC) and is regulated by it", since Phillip can access the grey market with great fanfare, this is officially acquiesced. For Shanghai-Hong Kong Stock Connect.

In terms of Article 11 of the China Securities Regulatory Commission's version of the "Several Provisions on the Pilot Program of the Shanghai-Hong Kong ** Market Trading Interconnection Mechanism", it is expressly prohibited to carry out grey market trading.

(1) Grey market, i.e., the trading of shares other than the market of Dali, because the trading is not exposed to the public, and the contents of the transaction will not be disclosed by the Stock Exchange, so these "dark" transactions.

1.Grey market trading uses grey market limit orders, which are only displayed during the grey market trading hours and hidden in other time periods;

2.Grey market trading cannot be changed, if you need to change the order, you can cancel the order first and then place the order;

3.The grey market price has a certain degree of influence on the trend of the first day of listing of the new stock, but due to its low transparency of the order and the failure to fully reflect the market demand, it is not appropriate to regard the grey market price as an important indicator of the trend of the new stock;

Recently, Huasheng**, an online brokerage company under Sina Group, has launched a grey market trading function, and the first month is free of trading commissions. Meituan and Haidilao should both have grey market trading at that time, and they can participate at that time, the day before the listing of new shares.

Grey market, that is, the trading of shares outside the market is not exposed to the public, and the contents of these "dark" transactions are called grey market because they are not exposed to the public and will not be disclosed by the Stock Exchange.

What does grey market trading mean in Hong Kong stocks.

It refers to the secret agreement between the buyer and the seller**.

Grey market trading means:Not through the trading system, but through the broker's internal system for the best matchmaking transactions,i.e. over-the-counter transactions。In Hong Kong, it is generally used for pre-IPO trading, which takes place one trading day before the IPO listing, and after the IPO.

If you want to understand, in fact, it will be faster to call**to**company to understand, such as Yinglu**, you can consult something, customer service attitude and knowledge level are very good.

Summary. 1. Grey market trading refers to the best trading in addition to large market opportunities. Since the transactions are not open to the public and the contents are not disclosed by ** exchanges, these "intangible" transactions are referred to as grey market transactions.

Second, the grey market trading has existed for many years, and it is not easy to completely eliminate it, so we can only try to avoid the grey market trading, use fair, just and open means to trade, and avoid using power or convenience to do bad things secretly.

What is grey market trading? How to eliminate grey market trading business negotiations.

1. Grey market trading refers to the best trading in addition to large market opportunities. Since the trades are not open to the public and the contents are not disclosed by the Loss-Laundering Exchange, these "intangible" trades are referred to as grey market transactions. Second, the grey market trading has existed for many years, and it is not easy to completely eliminate it, and we can only try to avoid grey market trading, use fair, just and open means to trade, and avoid using power or convenience to do bad things secretly.

If you don't have any other questions, please close the Q&A and give it a thumbs up.

The grey market is the over-the-counter market, which is generally used in Hong Kong for pre-IPO trading, which is conducted on the trading day before and after the IPO.

1. What is a grey market?

Hong Kong stock trading is generally matched through the Hong Kong Stock Exchange system during trading hours; Grey market trading is not carried out through the exchange system, but through the internal system of some large brokerages.

The first to provide the over-the-counter trading channel for the company's internal customers was Phillip**, and later other brokerages also began to access Phillip**'s grey market system. In April 2012, Bright Talent** launched an IPO grey market trading service to compete with Phillip**, which is currently specialising in ** and acting like a business in the independent market.

2. The relationship between the grey market price and the listing price.

However, the grey market price does not fully reflect the market demand, and the transparency of the order is not high, so investors should not regard the grey market price as an indicator of the trend of the stock.

The following is a random selection of new stocks listed this year, the ** price of the grey market system of Phillip** and Yaocai**, and the opening price and ** price on the first day of listing.

3. How to trade in the grey market.

At present, grey market trading can not be placed in the system by yourself, to play ** during the grey market period to open an account brokerage entrusted to place an order, the brokerage will usually give you immediate feedback on the transaction.

4. Not all new stocks have a grey market.

Only the new shares listed on the main board have the grey market, and the ** listed on the gem has no access to the grey market trading due to different issuance rules and the relatively high risk of participation.

Some of the ** listed on the main board, due to the large disagreement of investors or the relatively cold participation, the final grey market is not traded, and these ** usually do not perform well on the first day of listing or have few transactions.

5. What can grey market trading bring to investors?

The impact of the grey market on investors mainly includes three parts:

1) Most investors make new funds to raise funds from brokers, and when they clear the new shares in the grey market, they can return the funds to the brokers one day in advance to reduce the interest;

2) If the grey market of the new stock performs very well, you can take profits in advance without having to worry about it for one more day;

3) The performance of the grey market can provide a reference for the trend after listing.

The meaning of the dark disk is that there is an artificial operation inside**If you enter it, you can only be used as cannon fodder.

The arrangement is illegal, and you can't see that three households can't participate.

What does grey market trading mean in Hong Kong stocks.

At present, the brokerages that support grey market trading are Phillip, Yaocai and Yitong, and the ** of the grey market can be viewed through Jieli Trading Treasure. At the same time, in addition to Phillip, Yaocai and Yitong, the users of the three brokerages, and the users of some brokerages cannot place orders in the system during the grey market trading hours, and need to place orders for the opening brokerage firm.