What is a Block Trade?

Block trading, also known as block trading, refers to a single transaction declaration of securities that has reached the required minimum limit. The buyer and the seller agree on an agreement and the transaction is confirmed by the exchange. Specifically, each exchange has a clear definition of block transactions in its trading system or its block trading system, and they are all different.

Large transactions

Block trading, also known as block trading, refers to a single transaction declaration for securities that has reached the required minimum limit.

according to rules,

(1) The two parties to the transaction have reached an initial intention (the transaction information can also be published in the system), and record information such as the name of the securities, transaction price, transaction amount, counter seat number, and contract number (6 digits).

(2) Both parties to the transaction go to their respective securities business departments during the trading hours to fill in the bulk transaction entrustment order. The bulk transaction manager of the sales department enters the bulk transaction system and operates in accordance with the contents of the order.

(3) The trading system verifies that the block transaction meets the relevant conditions, confirms the transaction, transfers securities and funds to the counterparty's account, and announces the transaction information on the next trading day.

Block trade in

The Exchange announces the following transaction information through the Exchange's website after each trading day:

(1) Declaration of block transactions of stocks and funds, including: stock code, stock short name, transaction volume, transaction price, and the name of the member securities business department where the buyer and seller are located;

(2) Bonds and bond repurchase transactions report large transactions, including: securities name, transaction price and transaction volume;

(3) The transaction volume and transaction amount of a single securities at a fixed price declaration, and the names of the five member securities business units that bought and sold the securities on that day and their respective purchase and sale amounts.

In addition, where large transactions involve statutory information disclosure requirements, buyers and sellers should perform their information disclosure obligations in accordance with relevant laws and regulations.