1. Open an account. Customers who want to buy and sell stocks should first open an account with a brokerage company.
2. Customers can buy and sell stocks through their brokers by opening an account through instructions. Every time a stock is bought or sold, the customer gives an order to the brokerage company, and the brokerage company quickly transmits the customer's order to its broker in the exchange, and the broker executes the order.
3. In the process of trading, as soon as the broker in the exchange receives the instruction, he will quickly go to the trading desk (trading hall) to execute the instruction.
4. Delivery: After buying and selling stocks, the buyer pays cash to get the stocks, and the seller hands over the stocks to get the cash. Some delivery procedures are carried out after the transaction, and some are completed through clearing companies within a certain period of time, such as a few days to dozens of days.
5. After the transfer and delivery, the new shareholder shall go through the transfer formalities with the issuing company where he holds the shares, that is, register his name and the number of shares held in the company's register of shareholders. When this step is completed, the stock exchange is finally completed.
Extended data:
Principles of stock trading:
1, price priority principle:
The principle of price priority means that a higher buying declaration takes precedence over a lower buying declaration and a lower selling declaration takes precedence over a higher selling declaration. Declare at the same price, the first to declare is preferred. In addition to the above-mentioned priority principle, when computer terminals declare bidding and board bidding, market trading is given priority to restrict trading.
2, clinch a deal time priority principle:
This principle refers to the bidding in oral singing, which is arranged in the order heard by the intermediary broker; When the computer terminal declares the bid, it is arranged in the order of time accepted by the computer host; When bidding on the chessboard, arrange them in the order seen by the intermediary brokers. When the priority order cannot be distinguished, the intermediary broker will organize a lottery to decide.
3, clinch a deal decision principle:
This principle means that when bidding verbally, the price of the highest buy declaration and the lowest sell declaration is the same, which is the transaction. When applying for bidding at a computer terminal, except as stipulated in the preceding paragraph, if the declared price of the buyer (seller) is higher (lower) than the declared price of the seller (buyer), the average intermediate price of the declared prices of both parties shall be adopted; If the buyer and the seller only declare the market price but not the unlimited price, the latest transaction price of the day or the price indicating the current price shall be adopted.
Baidu encyclopedia-stock trading
Baidu encyclopedia-stock trading principle
Baidu encyclopedia-stock