Some algorithms and rules in securities trading

Company internship the first day, read some of the relevant information to carry out some of the relevant securities knowledge of the collation, obviously, now my knowledge of financial securities and learning is not comprehensive and systematic, and now only a relatively preliminary cognition, just know the tip of the iceberg, so also need a systematic, Progressive Learning and research

The specific processing principles of Internet pricing are as follows :

1. when the total amount of the effective purchase is equal to the share issue, the investor subscribes to the stock on the basis of its valid purchase amount.

2. when the total amount of the effective subscription is less than that of the share issue, the investor subscribes to the stock according to its valid purchase amount, and the balance is processed according to the underwriting agreement.

3. when the total amount of effective purchase and the amount of the shares issued, by the stock Exchange trading host automatically according to the Shanghai per-unit Shenzhen per shares identified as a declaration number, continuous automatic arranging, and then through the lottery, each number Shanghai subscription $ shares, Shenzhen subscription .

Trading on the second trading day: The shares bought by the investor on the day are not sold and can be sold after the settlement is completed (the next day).

The warrant change is limited by the absolute price of the change, the formula is as follows: Warrants Rise (Fall) Price = warrants before the closing price ±(the price of the underlying securities on the day)x125%x proportional to the right to go.

bond yield is the ratio of bond yields to the amount of capital invested, usually expressed at an annualized rate

bond yield : (expiry of principal and interest and - issue price)/(issue price * repayment period)*100%

bond seller's yield = (Sell price - release price + interest during holding) / (issue price * holding life) *100%

Bond Buyer's yield = (due principal and - buy price) / (bid price lattice * Remaining period) *100%

yield during Bond holding =(Sell price - bid value + interest on holding period)/(BID-time * holding life)*100%

Note: The above calculation formula does not consider the factor of reinvestment of the acquired interest. The reinvested income of the earned interest is credited to the bond proceeds, whereby the yield of the meter is calculated as the compound return. Its calculation method is more complex, here withheld.

A simplified algorithm for repurchase interest

Rate of return: In the bond repurchase transaction for the coupon financier, the fixed financing cost represents its fixed rate of return for the coupon party. The price in repurchase transactions is the annual rate of return.

SSE: Repurchase interest = Repurchase Amount * ( annual rate of return * repurchase days *100/360). Where three decimal places are reserved in parentheses

Szse: Buy Back interest = Transaction Amount * annual yield * repo days /365. Result takes Two decimal places

conversion rate : The ratio of the standard coupon amount and par value that can be folded into the current coupon of each bond. Abbreviation conversion rate, i.e. standard coupon amount = conversion rate x bond value

equity funds, bond funds, money market funds, mixed funds . Under the provisions of China's current regulations, more than the fund assets invested in stocks, equity funds, more thanthe fund assets invested in bonds, bond funds, investment in money market instruments, money market funds, investment in stocks, Bond and money market instruments, and the share investment and bond investment ratio is not in line with the stock fund, bond fund as stipulated in the Mixed Fund.

Some algorithms and rules in securities trading