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shanghai stock exchange temporarily waives this fee after abnormal transactions? the truth is

2024-09-29

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the fees temporarily waived this time involve "transaction gateways" rather than the "transaction units" that are well known to the public and have been used all along.

on september 29, it was reported that the shanghai stock exchange trading gateway speed fee is temporarily exempted. specifically, shanghai stock exchange technology co., ltd. has decided to temporarily waive the transaction gateway flow rate fee from january 22 to november 30, 2024. the specific collection time will be notified separately.

the news was interpreted by the market as a new fee exemption measure introduced by the shanghai stock exchange after the abnormal trading of shanghai stock stocks on september 27. in this regard, a broker explained to a securities times reporter: "these are two different things. this article was posted on the afternoon of september 26th.。”

a reporter from the securities times learned that the temporarily exempted fees involve "transaction gateways" rather than the "transaction units" that are well known to the public and have been used all along."the transaction gateway is newly launched this year. the temporary exemption of flow rate fees is mainly based on considerations such as reducing the burden on the market and reducing market costs." said the above-mentioned brokerage person.

trading gateway flow rate fee refers to a fee charged by the exchange to members under specific circumstances. "transaction gateway" refers to the technical interface provided by the exchange for members to access the trading system and conduct securities transactions. "flow rate" refers to the ability or rate of processing transaction requests per unit time. when the flow rate of the trading gateway used by a member exceeds the free quota specified by the exchange, the excess amount will need to pay flow rate fees according to certain standards.

in may 2022, the shanghai stock exchange announced that it would adjust the "collection and payment" model of the original transaction market access line products to the gateway "technical service fee" and integrate the original transaction unit flow rate fee into the transaction gateway flow rate fee.

in december of that year, shanghai stock exchange technology co., ltd. announced that it would optimize and adjust the pricing of trading market products, and convert the line "collection and payment" charges to a gateway charging model. the "collection and payment" model for transaction and market wide area network access lines has been cancelled. users can apply for operator communication line access by themselves, and access service fees are temporarily waived. at the same time, the "transaction unit flow rate" is adjusted to the "transaction gateway flow rate".

according to the timetable at the time, the above-mentioned optimization adjustments will be implemented step by step starting in march 2023, and all adjustments will be completed in the second half of 2023.