With the development of science and technology, various new things on the Internet are emerging, such as: Website Design , online securities, online banking, etc. The so-called online securities business usually means that investors use Internet network resources, including public Internet, local area network, private network, wireless Internet and other electronic means to transmit trading information and data and carry out activities related to securities trading, including a series of services such as obtaining real-time quotations, relevant market information, investment consulting and online entrustment.
Network securities belong to the category of e-commerce. It is a new market means and behavior that uses the Internet as the medium, uses IT technology to conduct securities trading and provide (or receive) relevant information services. The definition of network securities can be divided into narrow sense and broad sense. In a narrow sense, it is a means for investors to realize securities trading through the Internet. Investors can obtain and use network resources to obtain real-time quotes of securities, analyze market conditions and information, and entrust orders through the Internet for real-time trading; In a broad sense, it refers to the whole process of securities investment based partly or completely on wired or wireless networks, intranet or Internet, including trading members' quotation transactions in the stock exchange, as well as partial or completely online access to investment information, as well as other financial value-added services such as personal wealth management established on this basis. Securities companies that carry out online trading usually regard online securities trading as a means and way of serving shareholders. Therefore, online securities trading is an online securities brokerage business carried out by securities companies, that is, securities e-commerce. This chapter mainly introduces the narrow network securities business that relies on the Internet. The transaction process is shown in Figure 8-1 below.
Securities trading on the network: its procedure is the same as our actual trading steps, which also goes through several steps such as account opening, entrustment, transaction and delivery, but the means to achieve trading is different. All the formalities that need to be handled by the exchange in person can be operated on the computer when trading online. Operating procedures for online securities trading.
Step 1: Register to open an account. At present, foreign securities firms have been able to support opening accounts on the Internet, such as Scarab (www.scarab. com) in Sweden. After the investors log in their computers to the site, they can directly register and open accounts online. The investors will inform the company of their social security number, credit card number and authorization by email, and can join the ranks of securities traders at home.
Step 2: Order delegation. Through TCP/IP protocol, the Internet transmits investors' demands and trading orders to the matching electronic system in a timely and accurate manner, and receives timely confirmation and transaction returns.
Step 3: clearing and settlement. The investor receives the notice sent by the securities firm in the form of e-mail, and can also actively query his own delivery order and statement by connecting to the web host of the securities firm through a browser. Investors can also download their transaction returns from the non anonymous FTP server of the securities firm through remote file transfer (FIP), and payment is like opening an account.
