According to the Beijing Stock Exchange, in order to verify the technical preparation of the technical systems of various market participants for the opening of various businesses of the Beijing Stock Exchange, the National Stock transfer Corporation, the Beijing Stock Exchange and China Clearing, Shenzhen Stock Exchange and China Securities Index have jointly set up a test environment for the market to conduct network-wide testing.
In addition to the above organizers, the participating institutions also include securities companies, information merchants and fund companies. the network-wide test is divided into two rounds, the first network-wide test time on September 25, 2021, and the second network-wide test time on October 9, 2021, all on Saturday, which means that all the above-mentioned market participants have to work overtime for the opening of the Beijing Stock Exchange.
Comparing the two network-wide test programs, a reporter from the Financial Associated Press found that the tests of the two network-wide tests included transactions, quotations and other businesses involved in the opening of the North Stock Exchange. A person related to the trading terminal business of a large securities firm in Shanghai said: "from the content of the test scheme, the two network-wide tests are full-volume business tests." After all the testing of the whole network is over, there will be a customs clearance test, and after the customs clearance test is over, it will not be far from going online. "
Five key points of network-wide testing
According to the first network-wide test scheme for the opening of the Beijing Stock Exchange, the first round of network-wide tests to be conducted tomorrow aims to verify five key points.
Point 1: verify that the transaction support platform can correctly publish the stock information of companies listed on the Northern Stock Exchange and the national stock transfer system, and correctly match all kinds of declarations. The trading support platform updates the market every 3 seconds, and the participating institutions can correctly reveal the market and announcement and other information.
Point 2: verify that the new third-board registration and settlement system of China Clearing can correctly carry out the day-end processing, generate the day-end data and release them, and the participating institutions can complete the day-end liquidation normally.
Point 3: verify that the Shenzhen Stock Exchange Communication system can correctly forward the entrustment data of securities companies and fund companies and the return and market data of the trading support platform, and that the participating institutions can handle them correctly.
Point 4: verify that securities companies can support investors to open or cancel the rights of qualified investors in the North Stock Exchange, and carry out the corresponding authority control.
Point 5: verify that the peripheral systems of securities companies can provide a general trading interface, quick entrance and special entrance for investors to carry out transactions on the North Stock Exchange, and set up an independent plate to reveal the content of the North Stock Exchange. The verification information provider has set up an independent section to reveal the market content of the Beijing Stock Exchange. The above must be at the same level as the Shanghai and Shenzhen stock markets, using "BJ/ Beijing Stock Exchange / Beijing Stock Exchange" as the abbreviation and market logo.
Focus on testing the two scenarios of transaction and release
The test scenarios of the first network-wide test include trading business scenarios and listing business scenarios. Among them, the trading business scenario is a particularly important test content.
According to the introduction of the testers of a large securities firm in Shanghai, the above table lists the specific business types of tests. when conducting specific tests, it depends on whether the trading suspension display is normal, whether the trading declaration will be intercepted, whether the removal of rights and interest is effective, whether the K-line display is normal, and so on; and all securities codes can be used to test whether the regular trading business is normal.
The above-mentioned person further said that the company has already issued a notice requiring technical preparation for market trading and participation in testing at any time. Therefore, the relevant technical preparation work has been relatively complete.
Haitong Securities related sources said that the company has made adequate preparations for the whole network and customs clearance testing work of the North Stock Exchange.
According to the requirements of this test, the brokerage systems of securities companies must ensure that at least two kinds of trading terminals (at least one of which is off-site) and two kinds of market terminals (at least one of which is off-site) can meet the business requirements.
In addition, if the fund company participates in this test, it shall at the same time notify the custodian institution that carries out the escrow and settlement business to participate in the test. The information merchants who provide the quotation services of the Beijing Stock Exchange also participated in the test.
Tomorrow's test will test whether the brokerage supports the opening right of the Beijing Stock Exchange.
A reporter from the Financial Associated Press noted that one of the contents of the network-wide test to be conducted tomorrow is to "verify that securities companies can support investors to open / cancel the rights of qualified investors in the North Stock Exchange." this means that it is time for brokerages to work overtime during the Mid-Autumn Festival.
A reporter from the Financial Associated Press combed and found that although from the first day of the Mid-Autumn Festival holiday, brokerages have announced one after another that they can make an appointment to open the trading authority of the North Stock Exchange, but in fact, only some brokerage systems have the ability to submit investor reservation applications to the North Stock Exchange. some brokerages actually just collect investor reservation application information, and said that when the system has the conditions for opening permissions, customers will be notified by special personnel to handle it.
This network-wide test will verify that securities companies can support investors to open or cancel the rights of qualified investors in the North Stock Exchange, and carry out corresponding authority control. Therefore, it is not far away for securities firms to really open accounts of the North Stock Exchange.
According to a person from the online Finance Department of Shanghai brokerage, the trading authority of investors who have opened the trading authority of the selected layer before the opening of the Beijing Stock Exchange will be automatically translated to the Northern Stock Exchange; for investors who have passed the trading authority of the new third board innovation layer and the basic layer, the scope of trading authority will include stocks of the Beijing Stock Exchange. Therefore, the incremental target groups for the opening of accounts in the Beijing Stock Exchange are mainly investors who have opened the trading authority of Science and Technology Innovation Board. It will be very simple and quick for this part of customers to open the authority of the North Stock Exchange.
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