Quantitative regulation introduced!
After the market, there is a more important news officially released!
It is the domestic regulations on quantitative trading that have been officially released - the "Regulations on the Administration of Programmed Trading in the Securities Market (Trial)", which will be officially implemented after the National Day!
It is worth mentioning that shortly after the release of the public opinion draft on quantitative trading, this regulation has been implemented, which shows that the new village chief is efficient!
Let's take a look at the key points of the new quantitative regulations that deserve our attention!
I have briefly sorted it out, and there are three main points that deserve our attention!
1. Key monitoring: Strengthen transaction supervision, and focus on monitoring abnormal transaction behaviors such as high declaration rate and fast order cancellation frequency;
2. Provisions have also been made for high-frequency trading: appropriately increase the charging standard for high-frequency trading;
3. Suspension of trading: For some related emergencies, programmatic trading investors, securities companies, stock exchanges, etc. shall take measures such as suspension of trading in a timely manner;
Although there is no heavy place on the whole, it still has a certain effect on restricting high-frequency quantitative trading, and it is also good for A-shares in the long run!
As for the desire to suspend quantitative trading mentioned by some retail investors, I personally feel that it is more difficult, after all, the current scale of quantitative trading is relatively large, and there is no way to stop it all at once, and it is impossible to restrict those market violations by continuously strengthening supervision!
In fact, quantification is just a tool, and there are pros and cons!
On the one hand, it can increase the liquidity of small-cap stocks, on the other hand, it may also bring about extreme trading, it depends on how the village can introduce measures to strengthen supervision, and try to avoid or reduce the negative impact of volume and price trading on the market!
Index Movements:
On Wednesday, the three major indexes of A-shares were collectively adjusted, and from the overall trend of the market, the current market shrinkage has been sideways for 8 trading days!
In the short term, the market support area is temporarily seen to 3100 points, that is, near the 20-day moving average, and the support needs to be stepped back to confirm the support after the breakout.
For Thursday's market, although the market has made up for the gap, the probability of continuing to adjust is relatively large, after all, it has fallen below the 5.10-day line, and the trading volume has also shrunk sharply, so the adjustment is also a matter of course!
The market will test the support of 3100 points next, but the room for decline is not large, the support near 3100 points is relatively strong, and then do not worry too much, the market is still expected to stabilize and strengthen near 3000 points to 3110 points!
In terms of the GEM index, the next step is to fill the gap, but the monthly and quarterly lines have kept up, which has a certain amount of support for the index.
In the context of shrinking volume, the hot topic of the electric fan market, there is no main theme, and there is no continuity, so don't blindly chase the direction of the day's rise, it's easy to rush up and fall back to stand guard!