Today, LTG GOLDROCK will share with you a foreign melting mechanism ~
USA
According to the latest provisions of the US Securities Fair (SEC), in addition to the fuse mechanism for the stock market, the fusion mechanism solution also has a mechanism of "limit price fluctuations".If the transaction price of a securities rose by more than 10%within 5 minutes, the transaction needs to be suspended.If the transaction price of the securities has not returned to the specified "price fluctuation range" within 5 minutes, the transaction will be suspended for 5 minutes.For the S & P 500 Index and Russell 1000 Index, and the price of more than $ 3 of the 430 exchange trading products, the "price fluctuation range" stipulated by the SEC is 5%, and other transactions are flowing below $ 3The "price fluctuation range" with weak sexual stocks was relaxed to 10%.
France
According to the small form of stock transactions, the maximum increase per day of the full day was 21.25%of the closing price the previous day, and the maximum decline was 18.75%.If the price fluctuates more than 10%the day before, the transaction is suspended for 15 minutes.
Japan
The futures price exceeds the specific range of the standard price and a specific range of fair prices, and futures transactions will be suspended.The time to suspend the transaction is 15 minutes.If the suspension of the transaction occurred within 15 minutes before the closing in the morning, the suspension of the transaction was only executed before the closing in the morning.
When the Tokyo Stock Price Index (Topix) exceeds the specific price range, it is forbidden to buy and sell stocks involving arbitrage transactions until the price returns to a specific price range.
South Korea
If the Korean stock agency index (KOSPI) fell by 10%or 10%from the closing price of the previous day, and this decline lasted for 1 minute, the stock transaction was suspended for 10 minutes, and the stock rose and decline was limited to 15%.If the price of futures with the largest transaction volume deviates from the closing price of 5%or 5%the day before, at the same time, the price of the goods is deviated from its fair price by 3%or more than 3%, and the price change lasted for 1 minute.Trading for 5 minutes.
The disconnected mechanism is only implemented once a day, and it will not be implemented after 2:20 pm.If the stock market has suspended transactions, the futures contract stops the transaction for 20 minutes.
The Korean stock market implements a three -level fusion mechanism with a fuse threshold of 8%, 15%, and 20%. When the 8%and 15%red lines are triggered, the transaction is suspended for 20 minutes; when it triggers 20%, the market will be closed directly.
On February 12, 2016, the Seoul Composite Index of South Korea fell 1.4%to 1835.28 points.After the South Korean KOSDAQ index plummeted 8.2%, it triggered the first -level threshold of 8%of the Korean stock fusion mechanism and suspended the transaction for 20 minutes.The closing fell 6.06%to 608.45 points.
Singapore
When the potential transaction price is 10%higher than the reference price (the final transaction price of the transaction at least five minutes ago), the "calm period" of 5 minutes is triggered.During this period, the securities only allowed trading within the range of ± 10%, and the transaction returned to normal after 5 minutes, and re -calculated the new reference price.(This regulation is applicable to securities that account for about 80%of the transaction volume of the New Stock Exchange, including some indexes)
