What does pre market trading mean? What is After Hours Trading ?

Pre-market trading is the call auction before trading.

Call auction time: Shanghai market.

9:15-9:25,**.

From 14:57 to 15:00, investors are free to apply for buying and selling during the call auction time, and then the system will match the transaction, and the trading time will be 9:00 a.m. every Monday to Friday (trading day).

30 to 11:30, 1:00 to 3:00 p.m

00。At 9:15-9:

20 can receive declarations during the call auction period, and can also withdraw declarations. 9：20-9：

25. You can receive the declaration, but you can't withdraw the declaration.

First, the principle of pre-market trading

There are principles for pre-market trading, and the specific principles are as follows:

1. According to the principle of priority, the sell order is accumulated from the lowest price, and the order is accumulated from the very beginning, and when the sell order and the order are balanced, the transaction price of the call auction is the price.

2. Higher buy orders take precedence over lower buy orders; The lower sell order takes precedence over the higher sell order; Orders at the same price will be executed in the order of order.

3. There are also order restrictions on trading varieties, which are A-shares.

B shares, corporate bonds.

Treasury repo, Treasury spot and**.

2. After-hours trading

After-hours trading refers to the ** market.

Trading activity at the end of each day's regular trading hours. After-hours trading is actually a form of over-the-counter trading, which in the early days only refers to the behavior of buying and selling in non-centralized trading venues or times, which may be the source of judgment on after-market news. Due to the increasingly international investment environment, it can also refer to trading in markets outside the United States.

For example, the same ** may be listed in several countries at the same time, and due to the time difference, the trading time of the Tokyo ** Exchange is exactly the New York ** Exchange.

of the time. In addition, institutional investors, based on the latest analysis, will also execute their orders in foreign markets based on the consideration of fully reflecting the information.

3. Call Auction

Call auction refers to a one-time centralized auction method for the purchase and sale declarations received within a period of time. All transactions in the call auction are filled with the same **. The unfilled part of the call auction will automatically enter the continuous auction. Because the call auction is based on the maximum volume.

Therefore, for ordinary shareholders, during the call auction time, as long as the **** is higher than the actual transaction, the transaction can be made, of course, if you buy at the limit price or sell at the limit price, you will be guaranteed to have priority in the transaction. Therefore, if you want to buy first in the call auction, you can usually set the price higher, in order to get the right of first refusal, because your transaction price is a lower call auction. In addition, the number of ****** will not be very large, and it will generally not have any impact on the call auction of the **.

Pre-market trading is when trading is not in the normal opening session, that is, before the opening of the market.

What does pre-market trading in U.S. stocks mean.

After-hours trading refers to the trading activity of the market after the end of normal trading hours each day. After-hours trading is actually a form of over-the-counter trading. The early stage only refers to the act of buying and selling in non-centralized trading venues or times**, which may be due to the judgment of after-market news.

Due to the increasingly international investment climate, it can also refer to trading in markets outside the United States.

You have to bear the risk of operation, but the liability of the shareholder is only limited to the amount of capital contribution - that is, if you own 300 pieces of Dilei Company, the worst case scenario is to become 300 wallpapers of zero value, and you will not be required to use other private belongings to pay off the company's debts.

Extended Material: Advantages and Disadvantages of Investing**.

1. High Reward and High Risk According to historical experience, the average annual rate of return of long-term investment** is about 10% 15%, which is higher than that of other investment tools. But when the ** falls sharply, it is likely to be trapped. The stakes are also high.

2. Earnings distribution right The company's earnings are distributed according to the proportion of shareholdings. However, it should be noted that if the company earns 100 million yuan this year, it does not give all the 100 million yuan to shareholders. Nonetheless, an ideal investment can earn shareholders a profit that is better than bank interest.

3. Right to distribute residual assets After the liquidation of the company, shareholders will distribute the remaining assets according to the proportion of their shareholdings. However, it is important to note that the remaining assets are repaid to creditors first, then to special shareholders, and finally the remainder is distributed to common shareholders.

4. Pre-emptive stock option When the company issues new shares with cash capital increase, the original shareholders have the right of pre-emptive subscription according to the proportion of shareholdings. The purpose of this clause is to maintain the shareholding ratio of the original shareholders and avoid dilution of the original shareholders' equity due to the issuance of new shares.

5. Right to attend meetings.

6. The right to inspect accounts According to the provisions of the Company Law, the company shall prepare the business report, balance sheet, catalogue of major assets, profit and loss statement, statement of changes in shareholders' equity, cash flow statement, proposal for surplus distribution or loss allocation, and submit them to the supervisor for inspection 30 days before the shareholders' meeting. Thereafter, these forms and the auditor's report should be submitted to the shareholders' meeting for approval, and the approved forms should be distributed to the shareholders at a later date.

Hello, the after-hours fixed** trading time is from 15:05 to 15:30 on each trading day, and the ** after-hours fixed ** trading that is still suspended at 15:00 on the same day will not be conducted.

The Exchange accepts pricing declarations from trading participants** from 9:30 to ::0 on each trading day

00 to 15:30. During the time when the declaration is accepted, the declaration that has not been completed can be revoked.

The cancellation order is valid only if it is confirmed by the exchange's trading host.

Investors are reminded that the Science and Technology Innovation Board**, which was suspended during the market opening, can continue to apply during the suspension period. If trading resumes on the day of suspension, the accepted declaration will participate in the after-hours fixed trading after the resumption of trading on the same day. 15:00 on the same day

If 00 is still suspended, the exchange trading host will no longer accept the ** pricing declaration in the future, and the ** pricing declaration that has been accepted on the day will be invalid.

Fixed ** number of declarations after the opening of the Science and Technology Innovation Board: The number of single declarations should not be less than 200 shares and not more than 1 million shares. When selling, the part with a balance of less than 200 shares shall be declared for sale at one time.

The principle of fixed ** matching after the market of the Science and Technology Innovation Board: the ** price is used as the transaction price, and the continuous matching is carried out one by one according to the principle of time priority.

After-hours trading refers to trading outside normal business hours. Typically traded during normal business hours (9:30 a.m. to 4:00 p.m. ET), your brokerage will send your order to the NASDAQ market-maker

Broker-dealers, or specialists on the New York Stock Exchange, to execute buy and sell transactions. After-hours trading, on the other hand, is conducted through an electronic communication network (electronic

communications

networks), automatic matching and buying. For example, Mr. A wants to sell for US5.

yahooyhoo)

100 shares, and exactly B Jun wants US5**.

yahooyhoo)

100 shares, at which point the computer will automatically match the trade. Only a handful of select brokers currently offer this service, but Green** offers after-hours trading from 4:00 p.m. to 5:30 p.m. ET.

After-hours trading must place a limit order, and must be called**to the United States Green** by our salesperson personally placed the order for you.

What is "After-Hours Trading"? In the U.S. stock trading market, there is a type of buying and selling behavior called after-hours trading. After-hours trading refers to the trading activity of the ** market, during the normal trading hours of each day, after the end of the trading session.

What does it mean to have an after-hours fixed** trade.

Definitions

After-hours fixed trading refers to the trading method in which investors buy and sell at the **price through **pricing entrustment after the end of the **call auction (determination of **price), which is a new trading mode unique to the Science and Technology Innovation Board. From 15:05 to 15:05 on each trading day

30 is the after-hours fixed ** trading time.

For example, the ** price is determined to be 10 yuan at 15:00 on a certain day, from 15:05 to 15:00

In the after-hours fixed ** transaction of 30, the transaction declaration of **Shen ** is higher than 10 yuan and the sale of Shen ** is less than 10 yuan, and the Shanghai Stock Exchange will match them in chronological order with 10 yuan**.

Features] 1. The transaction order only refers to the declaration time, and does not consider the application ** qualification.

2. The declaration that the ** price is lower than the ** price and the ** price of the sell ** is higher than the ** price shall be regarded as an invalid declaration.

3. The number of shares declared in a single transaction shall not be less than 200 shares and shall not exceed 1 million shares.

Order cancellation] According to the "After-hours Fixed Trading Guidelines for the Science and Technology Innovation Board of the Shanghai ** Stock Exchange" issued by the Shanghai Stock Exchange, the unfilled declaration can be revoked within the time of accepting the declaration.

The cancellation order is valid only after being confirmed by the trading host of the SSE. Prompt investors at 15:05 to 15:05

During the 30th period, the trading system began to match the transaction according to the chronological order of the declaration, during this period, the declaration that has been completed cannot be cancelled, and the declaration that has not been completed can be cancelled.

After-hours trading refers to:

It's the market.

Trading activity after the end of daily regular trading hours. After-hours trading is actually a way to trade over-the-counter.

In the early days, it only refers to the behavior of buying and selling ** in a non-centralized trading place or time, which may be the source of the judgment of after-market news. Because of increasing globalization.

The investment environment can also refer to trading in markets outside the United States.

Most developed markets have an after-hours trading system, which is mainly set up so that the material information disclosed by the company after the end of normal trading hours can be reflected in the stock price in a timely manner, reducing the risk of investors trading the next day.

After-hours trading is not suitable for trading with large funds due to low liquidity due to fewer participants, but it is not suitable for the next day's normal trading session.

The changes are instructive.

**After-hours trading is based onPriceTo carry out transactions, the declaration of higher or lower than the ** price is invalid, and the matching transaction is carried out in accordance with the principle of time priority, onlyGEMThere are after-hours pricing transactions with the Science and Technology Innovation Board, and there are no after-hours pricing transactions in Shanghai and Shenzhen. The declaration is valid on the day of declaration, and the declaration can be revoked if there is no transaction within the declaration time; If the card is suspended, it can continue to be declared during the suspension period; If trading is still suspended at 15:00 on the same day, after-hours trading will not be conducted.

**Limit price is less than ** price is invalid; The sell limit price is invalid if it is greater than the ** price; The buy and sell limit price exceeds the price limit of the day. The number of shares to be declared at a time is 100 shares, or an integer multiple thereof, and the maximum number of shares to be declared shall not exceed 1 million shares.

In addition to the introduction of after-hours trading on the GEM, the Technology Innovation Board has also introduced after-hours trading. The full name of after-hours trading on the GEM is after-hours fixed ** trading, and the trading time is ** after 15:05-15:

30. At this time, investors can trade the GEM at the price of the Shanghai Stock Exchange.

Matching transactions will be made on a time-limited basis. Not all ** are available for after-hours trading. At 15 o'clock on the same day, the trading is still suspended, and after-hours fixed trading is not carried out.

So how to participate in after-hours fixed** trading? If an investor trades the GEM with an after-hours fixed transaction, it shall submit a pricing entrustment order to the company. The pricing order should include: the account.

number, ****, trading direction, limit price, order quantity, etc. **After-hours pricing trading hours: Monday to Friday 15:00

30-11:30, 13:00-15:00 p.m

00, a public holiday.

Do not trade. <>

The GEM has increased the after-hours trading hours, that is, it will start after the GEM implements the registration system. Since the establishment of the Science, Technology and Innovation Commission and the implementation of the registration system last year, the GEM also began to implement the registration system on June 12 this year and began after-hours trading. Of course, we need certain conditions to buy and sell the ** of the GEM.

We need to have two years of ** investment experience, and the funds in the account shall not be less than 100,000 yuan within 20 trading days to be eligible to open a GEM investment.

With the implementation of the registration system, the price limit of the GEM has been adjusted from the original 10% to 20%, and there is no price limit within five trading days of the listing of new shares. It can be said that the Science, Technology and Innovation Commission is the litmus test of the registration system. After the successful implementation, the GEM will slowly over-enter the main board market.

The range of rises and falls will be gradually relaxed. After all, the 10% price limit is to avoid excessive speculation and protect the interests of investors. This was the case in China in the past.

It is very necessary when it is immature, but with the gradual improvement of the market and the implementation of registration, the relaxation of the price limit will also be gradually implemented. After all, this is only a only in developed countries such as Europe and the United States.

**There is a limit to the rise and fall.