Introduction to Hong Kong Stock Level Quotes

Level 1 (LV1) Quotes Concept: In stock market quotes, there are three levels: basic quotes (LV0), standard quotes (LV1), and advanced quotes (LV2). LV1, also known as standard quotes, is the market data provided by brokers when downloading stock trading software. This basic service is generally free. LV1 quotes provide a snapshot of market information every approximately 6 seconds, including the top 5 bids and asks at the moment of the snapshot, intraday trades (last traded price and total volume within the last 6 seconds), composed of dozens of real trades. Advantages: 1.Real-time and free Hong Kong LV1 quotes with millisecond-level streaming updates. 2.Automatic streaming quote updates. 3.Immediate best bid, ask prices, and market depth. 4.Real-time transaction records and statistics. 5.Real-time charts and rankings. 6.Instant understanding of fund flows and transaction distribution. 7.Real-time index changes. 8.Display of the top five bids. Purpose: LV1 quotes primarily provide market information for stocks, bonds, funds, and indices. During the auction period, they offer security codes, security names, previous closing prices, virtual opening prices, virtual matching volume, virtual unmatched volume, and the remaining direction of unmatched volume. During continuous trading, LV1 quotes include security codes, security names, previous closing prices, latest traded prices, highest and lowest prices of the day, cumulative traded volume and value for the day, real-time highest five bid prices and quantities, and real-time lowest five ask prices and quantities. It provides the best bid and ask prices. Level 2 (LV2) Quotes: Concept: LV2 quotes, also known as advanced quotes, are real-time market information services for Hong Kong stocks introduced by the Hong Kong Stock Exchange (HKEX). This service covers all stocks listed on the HKEX. LV2 quotes are typically fee-based and require the purchase of a quotation card for access. LV2 quotes offer real-time streaming prices with no need for manual refresh. Generally, they provide ten levels of buy and sell market data, as well as detailed information on individual trades. Advantages: 1.Display of ten levels of buy and sell market data (buy order number, buy order price, order quantity, and broker quantity). 2.Real-time quotes with automatic refreshing. 3.Detailed trade records (traded price, trade time, trade volume). 4.Display of buying and selling brokers, showing bohh broker codes and broker names. 5.Total buy and sell quantities for all thousand levels. 6.Lower latency. Purpose: 1.LV2 quotes offer a more transparent view of buy and sell queues. Traditional quote software only shows the order quantity on the top bid and ask, without revealing how these orders are formed. LV2 software provides detailed information on the first 50 order details for the top bid and ask, helping to distinguish between institutional and retail orders. 2.Enhanced precision in viewing trade details. LV2's detailed trade data includes real details of each trade's price and volume, significantly improving market transparency. References: 港股交易系统搭建介绍 — 港股LV2行情 - 知乎 港股即時報價系統比較 冷知識/學懂Level 1及Level 2報價差別 VBKR - Level 1 Quotes for US Stocks 知乎 - Difference between Level 1 and Level 2 Quotes Follow us Find us on Twitter, Instagram, YouTube, and TikTok for frequent updates on all things investing. Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app! [image]
2024-01-08 18:05uSMART

What is "full time trading"?

Full time trading of stocks refers to the trading period during which the stock market remains open for a day, including extended trading periods outside of regular trading periods. Traditionally, stock exchanges operate during designated opening hours, but with technological advancements and changes in market demand, some exchanges offer longer trading hours, allowing investors to buy and sell stocks over a wider range of time. This full time trading allows investors to participate in the market more flexibly, including pre morning and post evening trading, providing additional trading opportunities and greater trading flexibility. What is "pre market trading"? Pre market trading refers to stock trading activities conducted during the period before the official stock exchange opens. Before the traditional opening time of the exchange, investors can participate in pre market trading through specific trading platforms or brokers. This period is usually within a few hours in the morning, such as one to two hours before the official opening of the market. Due to low liquidity, the price and trading volume of pre market trading may be restricted, and not all securities firms and trading platforms allow pre market trading. Pre market trading is usually utilized by professional and institutional investors to make trading adjustments before important news releases, financial reports, or other market events occur. What is “post market trading”? After market trading refers to the stock trading activities conducted during the period after the official stock exchange closes. After the closure of traditional exchanges, investors can participate in post market trading through specific trading platforms or brokers. This period is usually within one to two hours after the official market close. Like pre market trading, the price and trading volume of post market trading are also restricted, and some securities firms and trading platforms do not allow post market trading. After market trading is usually used to adjust trading strategies, process unfinished trading orders, or reflect important news and financial reports released after the market closes. What is "intraday trading"? Intraday trading refers to the buying and selling activities of stocks during the official opening period of a stock exchange. During the traditional opening hours of exchanges, investors can engage in intraday trading through trading platforms or brokers. This period is usually between 9am and 4pm, depending on the regulations of the local exchange. Intraday trading is the most common and active trading period, with high market liquidity and high trading volume. Investors can buy and sell based on market trends, individual stock performance, and other related factors. In intraday trading, investors can obtain real-time market quotes and trade execution, and use technical analysis and fundamental analysis to make trading decisions. Intraday trading is the period during which investors primarily participate in the stock market, requiring close attention to market dynamics and timely trading decisions. What is the trading period for Hong Kong stocks? Trading takes place every Monday to Friday (excluding public holidays), with specific times as follows: Morning trading hours: Opening call auction: 9:00am to 9:30am Continuous trading: 9:30am to 12:00am Lunch break: 12:00 AM to 1:00 PM Afternoon trading hours: Continuous trading: 1:00 PM to 4:00 PM Closing bidding period: 4:00 PM to 4:10 PM It should be noted that the above is the trading period of the Hong Kong Stock Exchange Main Board Market (Main Board Stock Market). There are other trading markets for Hong Kong stocks, such as the Growth Enterprise Market (GEM) and the Hong Kong Futures Exchange (HKEX), which may have different trading periods. In addition, there are some special trading arrangements in the Hong Kong stock market, such as temporary suspension of trading, collective bidding, and other trading suspensions or delays. Investors should closely monitor exchange announcements and relevant market information to obtain the latest trading schedule. What is the trading period for US stocks? The trading hours are from Monday to Friday, and the trading hours vary depending on the winter and summer time in the United States. The specific trading hours are as follows: Pre market trading period: (1) During US Daylight Time (early March to early November each year): Eastern Time: 4:00am to 9:30am Beijing time: 4:00 pm to 9:30 pm (2) During US Winter Time (early November to early March each year): Eastern Time: 4:00am to 9:30am Beijing time: 5:00 pm to 10:30 pm Normal trading hours: (1) During US Daylight Time (early March to early November each year): 9:30am to 4:00pm Eastern Time Beijing time: 9:30pm to 4:00am the next day (2) During US Winter Time (early November to early March each year): 9:30am to 4:00pm Eastern Time Beijing time: 10:30pm to 5:00am the next day After market trading period: (1) During US Daylight Time: Eastern Time: 4:00 PM to 8:00 PM or 9:00 PM Beijing time: 4:00 am to 9:00 am or 10:00 am (2) During US Winter Time: Eastern Time: 4:00 PM to 8:00 PM or 9:00 PM Beijing time: 5:00 am to 10:00 am or 11:00 am What is the trading period for Singapore stock? Trading takes place every Monday to Friday (excluding public holidays), with specific times as follows: Pre market trading period: Singapore time: 8:30am to 8:58am Beijing time: 7:30am to 7:58am Normal trading hours: Morning trading hours: 9:00am to 12:00am Singapore time (8:00am to 11:00am Beijing time) Mid break period: 12:00 AM to 1:00 PM Singapore time (11:00 AM to 12:00 PM Beijing time) Afternoon trading hours: 1:00 PM to 5:00 PM Singapore time (12:00 PM to 4:00 PM Beijing time) Post market trading period: Singapore time: 5:06 PM to 5:15 PM Beijing time: 4:06 PM to 4:15 PM What platform can conduct "full time trading"? uSMART SG. This platform supports pre - and post market trading of US stocks, and night trading enables 24-hour trading of US stocks. Investors do not need to stay up all night and can purchase US stocks 24/7, providing more trading opportunities. In addition, the platform also offers automated and thoughtful services such as intelligent investment and intelligent orders. Investors can choose the cycle and have the system help you invest a fixed amount on a regular basis, potentially lowering the average purchase price per share and continuously accumulating dividend products. At the same time, uSMART SG also has 9 types of smart orders, including high price sell, low price buy, and grid orders. The system automatically tracks and places orders at any time, so investors don't have to worry about missing their desired prices, which can greatly save time and energy costs. That's all for sharing about "time slot trading". Finally, I would like to remind everyone to be cautious when investing and to conduct thorough evaluations before making any decisions. Follow us Find us on Twitter, Instagram, YouTube, and TikTok for frequent updates on all things investing. Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app! [image]
2024-01-08 00:00uSMART