Chapter 4253

However, among the three major principles of the stock market, the priority of time priority is lower than price priority.

Still taking the current situation of Shengchun Smart Travel as an example.

Now Shengchun Smart Travel has placed a large number of sell orders for sale. Individual investor A is ranked at the top of the bidding ranking with a buying price of 540 yuan, and individual investor C is also ranked at the bidding with a buying price of 540 yuan. At the back of the queue.

According to the principle of time priority, the securities firm must give priority to transactions with individual investor A, and then continue trading with individual investor C only after it is determined that the number of stocks sold by Shengchun Smart Travel is still remaining.

If at this time, individual investor C wants to jump in line to be on the side of individual investor A, he can only increase the purchase price.

For example, if individual investor C increases the purchase price to 540.01 yuan, he will directly surpass individual investor A in the bidding ranking and have priority to trade with Shengchun Smart Travel.

As for the last [volume priority], it is usually in the call auction stage.

In addition, the time priority principle will also derive an interesting mechanism: investors who quote first maximize profits!

Under this mechanism, if we still take Shengchun Smart Travel as an example:

Anliang sells the shares of Shengchun Smart Travel at a quotation of 540 yuan at 10:50:00,000 milliseconds, if an investor sells the shares of Shengchun Smart Travel at 10:50:00 003 milliseconds quoted 540.01 yuan to buy the stock of Shengchun Smart Travel.

The final transaction price will not be 540 yuan, but 540.01 yuan!

In the same way, if an investor purchases the stock of Shengchun Smart Travel at a price of 540.01 yuan at 10:49:59 seconds 999 milliseconds, Anliang places a sell order at a price of 540 yuan 1 millisecond later.

The final transaction price will also not be 540.01 yuan, but the 540 yuan listed by Anliang.

This is the mechanism for maximizing profits for investors who quote first.

Because of the existence of such a mechanism, in order to obtain U.S. stock market quotation information more quickly, some financial institutions in the U.S. stock market will even choose to set up servers in the same place as the stock exchange, so as to obtain quotation information in a shorter time.

The Nobel Prize winner in economics even wrote a book called"The Expensive 3 Milliseconds" to describe such a thing, thus illustrating the importance of the time priority principle in the stock market.

Of course, these things are too far away from ordinary individual investors, and ordinary individual investors have no access to these ultra-high-end top investment methods.

Facing the three super big sales orders placed by Shengchun Smart Travel, ordinary individual investors are more testing their courage!

If ordinary individual investors believe that the stock price of Shengchun Smart Travel will continue to rise, then boldly buy and wait for the stock price of Shengchun Smart Travel to rise.

If you can’t see through the future of Shengchun Smart Travel, then take a moment to avoid being sucked into it.

At present, a large number of ordinary individual investors in the big A market seem to lack confidence in the future of Shengchun Smart Travel, so the stock price of Shengchun Smart Travel has dropped slightly.

But this situation was quickly contained!

Because funds from the Neon Consortium began to enter the market, and just after they came in, they directly bought the shares of Shengchun Smart Travel.

Anliang placed a sell order for 100 million shares at 10:50 at a price of 540 yuan per share, but not even a single share has been sold so far.

Since the members of Tianshang Bai Yujing Club had not been notified by Anliang and the price of 540 yuan was slightly higher, they also chose to wait and see.

So after the funds from the Neon Consortium came in, they easily and quickly acquired more than 95 million shares! (To read Baoshuang novels, go to Feilu Novel Network!)

Because the Neon Consortium quickly took in funds, this situation attracted the attention of some individual investors. After all, the trading volume of Shengchun Smart Travel’s stock suddenly surged. Of course it will attract attention.

As a result, when some individual investors gulped down funds from the Neon Consortium to buy Shengchun Smart Travel shares, they also grabbed some of them.

After all the shares of Shengchun Smart Travel, which were listed at 540 yuan per share, were sold, the stock price of Shengchun Smart Travel has completely stabilized at 540 yuan, directly crossing the previous historical high.

Previously, the stock price of Shengchun Smart Travel maintained at the highest price of 539.96 yuan, and then fluctuated up and down, never breaking through this highest price.

When Anliang placed three super sell orders of 100 million shares in a row, the stock price of Shengchun Smart Travel fell a bit.

Now due to the entry of funds from the Neon Consortium, the stock price of Shengchun Smart Travel has broken the historical high. (Wang Nuozhao) However, the Neon Consortium still seems to have no intention of giving up!

Even though these neon consortiums have purchased more than 95 million shares of Shengchun Smart Travel, they are not satisfied yet.

The funds of these neon consortiums placed a series of buy orders in the Big A market, including placing 50 million shares and 10 million shares at purchase prices of 541 yuan and 542 yuan respectively.

This is a purchase price that exceeds the current stock price. However, a strange scene occurred. No one sold the shares of Shengchun Smart Travel!

Whether it is an individual investor who just bought the stock at a price of 540 yuan, or an investor who bought Shengchun Smart Travel at a low price before, they have no intention of selling Shengchun Smart Travel shares now..