{"id":31230,"date":"2023-12-07T10:26:57","date_gmt":"2023-12-07T10:26:57","guid":{"rendered":"https:\/\/masterskills.org\/blog\/nghiep-vu-tu-doanh-chung-khoan-selftrading-la-gi.html"},"modified":"2023-12-23T08:00:59","modified_gmt":"2023-12-23T01:00:59","slug":"nghiep-vu-tu-doanh-chung-khoan-selftrading-la-gi","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/nghiep-vu-tu-doanh-chung-khoan-selftrading-la-gi.html","title":{"rendered":"Nghi\u1ec7p v\u1ee5 t\u1ef1 doanh ch\u1ee9ng kho\u00e1n (Selftrading) l\u00e0 g\u00ec?"},"content":{"rendered":"
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H\u00ecnh minh ho\u1ea1 (Ngu\u1ed3n: selftrading)<\/p>\n<\/div>\n<\/div>\n

Nghi\u1ec7p v\u1ee5 t\u1ef1 doanh<\/font><\/h2>\n

Kh\u00e1i ni\u1ec7m<\/b><\/p>\n

Nghi\u1ec7p v\u1ee5 t\u1ef1 doanh<\/b> trong ti\u1ebfng Anh \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 selftrading.<\/b><\/p>\n

T\u1ef1 doanh l\u00e0 vi\u1ec7c c\u00f4ng ty ch\u1ee9ng kho\u00e1n t\u1ef1 ti\u1ebfn h\u00e0nh c\u00e1c giao d\u1ecbch mua, b\u00e1n ch\u1ee9ng kho\u00e1n cho ch\u00ednh m\u00ecnh.\u00a0<\/p>\n

Ho\u1ea1t \u0111\u1ed9ng t\u1ef1 doanh c\u1ee7a c\u00f4ng ty ch\u1ee9ng kho\u00e1n \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n th\u00f4ng qua c\u01a1 ch\u1ebf giao d\u1ecbch tr\u00ean S\u1edf giao d\u1ecbch ch\u1ee9ng kho\u00e1n<\/span> ho\u1eb7c th\u1ecb tr\u01b0\u1eddng OTC.\u00a0<\/p>\n

T\u1ea1i m\u1ed9t s\u1ed1 th\u1ecb tr\u01b0\u1eddng v\u1eadn h\u00e0nh theo c\u01a1 ch\u1ebf kh\u1edbp gi\u00e1 (quote driven) ho\u1ea1t \u0111\u1ed9ng t\u1ef1 doanh c\u1ee7a c\u00f4ng ty ch\u1ee9ng kho\u00e1n \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n th\u00f4ng qua ho\u1ea1t \u0111\u1ed9ng t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng.\u00a0<\/p>\n

L\u00fac n\u00e0y, c\u00f4ng ty ch\u1ee9ng kho\u00e1n \u0111\u00f3ng vai tr\u00f2 l\u00e0 nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng, n\u1eafm gi\u1eef m\u1ed9t s\u1ed1 l\u01b0\u1ee3ng ch\u1ee9ng kho\u00e1n nh\u1ea5t \u0111\u1ecbnh c\u1ee7a m\u1ed9t s\u1ed1 lo\u1ea1i ch\u1ee9ng kho\u00e1n v\u00e0 th\u1ef1c hi\u1ec7n mua b\u00e1n ch\u1ee9ng kho\u00e1n v\u1edbi c\u00e1c kh\u00e1ch h\u00e0ng \u0111\u1ec3 h\u01b0\u1edfng ch\u00eanh l\u1ec7ch gi\u00e1.<\/p>\n

M\u1ee5c \u0111\u00edch c\u1ee7a ho\u1ea1t \u0111\u1ed9ng t\u1ef1 doanh l\u00e0 nh\u1eb1m thu l\u1ee3i nhu\u1eadn cho ch\u00ednh c\u00f4ng ty th\u00f4ng qua h\u00e0nh vi mua, b\u00e1n ch\u1ee9ng kho\u00e1n v\u1edbi kh\u00e1ch h\u00e0ng.\u00a0<\/p>\n

V\u1ea5n \u0111\u1ec1 li\u00ean quan t\u1edbi nghi\u1ec7p v\u1ee5 m\u00f4i gi\u1edbi<\/font><\/h3>\n

Nghi\u1ec7p v\u1ee5 n\u00e0y ho\u1ea1t \u0111\u1ed9ng song h\u00e0nh v\u1edbi nghi\u1ec7p v\u1ee5 m\u00f4i gi\u1edbi, v\u1eeba ph\u1ee5c v\u1ee5 l\u1ec7nh giao d\u1ecbch cho kh\u00e1ch h\u00e0ng \u0111\u1ed3ng th\u1eddi c\u0169ng ph\u1ee5c v\u1ee5 cho ch\u00ednh m\u00ecnh, v\u00ec v\u1eady trong qu\u00e1 tr\u00ecnh ho\u1ea1t \u0111\u1ed9ng c\u00f3 th\u1ec3 d\u1eabn \u0111\u1ebfn xung \u0111\u1ed9t l\u1ee3i \u00edch gi\u1eefa th\u1ef1c hi\u1ec7n giao d\u1ecbch cho kh\u00e1ch h\u00e0ng v\u00e0 cho b\u1ea3n th\u00e2n c\u00f4ng ty.\u00a0<\/p>\n

Do \u0111\u00f3, lu\u1eadt ph\u00e1p c\u1ee7a c\u00e1c n\u01b0\u1edbc \u0111\u1ec1u y\u00eau c\u1ea7u t\u00e1ch bi\u1ec7t r\u00f5 r\u00e0ng gi\u1eefa c\u00e1c nghi\u1ec7p v\u1ee5 m\u00f4i gi\u1edbi v\u00e0 t\u1ef1 doanh, c\u00f4ng ty ch\u1ee9ng kho\u00e1n ph\u1ea3i \u01b0u ti\u00ean th\u1ef1c hi\u1ec7n l\u1ec7nh c\u1ee7a kh\u00e1ch h\u00e0ng tr\u01b0\u1edbc khi th\u1ef1c hi\u1ec7n l\u1ec7nh c\u1ee7a m\u00ecnh.\u00a0<\/p>\n

Th\u1eadm ch\u00ed lu\u1eadt ph\u00e1p \u1edf m\u1ed9t s\u1ed1 n\u01b0\u1edbc c\u00f2n qui \u0111\u1ecbnh<\/span> c\u00f3 2 lo\u1ea1i h\u00ecnh c\u00f4ng ty ch\u1ee9ng kho\u00e1n l\u00e0 c\u00f4ng ty m\u00f4i gi\u1edbi ch\u1ee9ng kho\u00e1n ch\u1ec9 l\u00e0m ch\u1ee9c n\u0103ng m\u00f4i gi\u1edbi v\u00e0 c\u00f4ng ty ch\u1ee9ng kho\u00e1n c\u00f3 ch\u1ee9c n\u0103ng t\u1ef1 doanh.<\/p>\n

So s\u00e1nh v\u1edbi nghi\u1ec7p v\u1ee5 m\u00f4i gi\u1edbi<\/font><\/b><\/h3>\n

Kh\u00e1c v\u1edbi nghi\u1ec7p v\u1ee5 m\u00f4i gi\u1edbi, c\u00f4ng ty ch\u1ee9ng kho\u00e1n ch\u1ec9 l\u00e0m trung gian th\u1ef1c hi\u1ec7n l\u1ec7nh cho kh\u00e1ch h\u00e0ng \u0111\u1ec3 h\u01b0\u1edfng hoa h\u1ed3ng, trong ho\u1ea1t \u0111\u1ed9ng t\u1ef1 doanh c\u00f4ng ty ch\u1ee9ng kho\u00e1n kinh doanh b\u1eb1ng ch\u00ednh ngu\u1ed3n v\u1ed1n c\u1ee7a c\u00f4ng ty.\u00a0<\/p>\n

V\u00ec v\u1eady, c\u00f4ng ty ch\u1ee9ng kho\u00e1n \u0111\u00f2i h\u1ecfi ph\u1ea3i c\u00f3 ngu\u1ed3n v\u1ed1n r\u1ea5t l\u1edbn v\u00e0 \u0111\u1ed9i ng\u0169 nh\u00e2n vi\u00ean c\u00f3 tr\u00ecnh \u0111\u1ed9 chuy\u00ean m\u00f4n, kh\u1ea3 n\u0103ng ph\u00e2n t\u00edch v\u00e0 \u0111\u01b0a ra c\u00e1c quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 h\u1ee3p l\u00ed<\/span>, \u0111\u1eb7c bi\u1ec7t trong tr\u01b0\u1eddng h\u1ee3p \u0111\u00f3ng vai tr\u00f2 l\u00e0 c\u00e1c nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng.<\/p>\n

Y\u00eau c\u1ea7u \u0111\u1ed1i v\u1edbi c\u00f4ng ty ch\u1ee9ng kho\u00e1n<\/font><\/b><\/h3>\n

– T\u00e1ch bi\u1ec7t qu\u1ea3n l\u00ed<\/span>:<\/b> c\u00e1c c\u00f4ng ty ch\u1ee9ng kho\u00e1n ph\u1ea3i c\u00f3 s\u1ef1 t\u00e1ch bi\u1ec7t gi\u1eefa nghi\u1ec7p v\u1ee5 t\u1ef1 doanh v\u00e0 nghi\u1ec7p v\u1ee5 m\u00f4i gi\u1edbi \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o t\u00ednh minh b\u1ea1ch, r\u00f5 r\u00e0ng trong ho\u1ea1t \u0111\u1ed9ng.\u00a0<\/p>\n

S\u1ef1 t\u00e1ch bi\u1ec7t n\u00e0y bao g\u1ed3m t\u00e1ch bi\u1ec7t v\u1ec1: y\u1ebfu t\u1ed1 con ng\u01b0\u1eddi; qui tr\u00ecnh nghi\u1ec7p v\u1ee5; v\u1ed1n v\u00e0 t\u00e0i s\u1ea3n c\u1ee7a kh\u00e1ch h\u00e0ng v\u00e0 c\u00f4ng ty.<\/p>\n

– \u01afu ti\u00ean kh\u00e1ch h\u00e0ng:<\/b>\u00a0C\u00f4ng ty ch\u1ee9ng kho\u00e1n ph\u1ea3i tu\u00e2n th\u1ee7 nguy\u00ean t\u1eafc \u01b0u ti\u00ean kh\u00e1ch h\u00e0ng khi th\u1ef1c hi\u1ec7n nghi\u1ec7p v\u1ee5 t\u1ef1 doanh. \u0110i\u1ec1u \u0111\u00f3 c\u00f3 ngh\u0129a l\u00e0 l\u1ec7nh giao d\u1ecbch c\u1ee7a kh\u00e1ch h\u00e0ng ph\u1ea3i \u0111\u01b0\u1ee3c x\u1eed l\u00ed<\/span> tr\u01b0\u1edbc l\u1ec7nh t\u1ef1 doanh c\u1ee7a c\u00f4ng ty. \u00a0<\/p>\n

Nguy\u00ean t\u1eafc n\u00e0y \u0111\u1ea3m b\u1ea3o s\u1ef1 c\u00f4ng b\u1eb1ng cho c\u00e1c kh\u00e1ch h\u00e0ng trong qu\u00e1 tr\u00ecnh giao d\u1ecbch ch\u1ee9ng kho\u00e1n. Do c\u00f3 t\u00ednh \u0111\u1eb7c th\u00f9 v\u1ec1 kh\u1ea3 n\u0103ng ti\u1ebfp c\u1eadn th\u00f4ng tin v\u00e0 ch\u1ee7 \u0111\u1ed9ng tr\u00ean th\u1ecb tr\u01b0\u1eddng n\u00ean c\u00e1c c\u00f4ng ty ch\u1ee9ng kho\u00e1n c\u00f3 th\u1ec3 s\u1ebd d\u1ef1 \u0111o\u00e1n tr\u01b0\u1edbc \u0111\u01b0\u1ee3c di\u1ec5n bi\u1ebfn c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u00e0 s\u1ebd mua ho\u1eb7c b\u00e1n tranh c\u1ee7a kh\u00e1ch h\u00e0ng n\u1ebfu kh\u00f4ng c\u00f3 nguy\u00ean t\u1eafc tr\u00ean.<\/p>\n

\u00a0–\u00a0G\u00f3p ph\u1ea7n b\u00ecnh \u1ed5n th\u1ecb tr\u01b0\u1eddng:<\/b>\u00a0C\u00e1c c\u00f4ng ty ch\u1ee9ng kho\u00e1n ho\u1ea1t \u0111\u1ed9ng t\u1ef1 doanh nh\u1eb1m g\u00f3p ph\u1ea7n b\u00ecnh \u1ed5n gi\u00e1 c\u1ea3 th\u1ecb tr\u01b0\u1eddng. Trong tr\u01b0\u1eddng h\u1ee3p n\u00e0y, ho\u1ea1t \u0111\u1ed9ng t\u1ef1 doanh \u0111\u01b0\u1ee3c ti\u1ebfn h\u00e0nh b\u1eaft bu\u1ed9c theo lu\u1eadt \u0111\u1ecbnh.\u00a0<\/p>\n

Lu\u1eadt c\u00e1c n\u01b0\u1edbc \u0111\u1ec1u qui \u0111\u1ecbnh<\/span> c\u00e1c c\u00f4ng ty ch\u1ee9ng kho\u00e1n ph\u1ea3i d\u00e0nh m\u1ed9t t\u1ef7 l\u1ec7 % nh\u1ea5t \u0111\u1ecbnh c\u00e1c giao d\u1ecbch c\u1ee7a m\u00ecnh (\u1edf M\u1ef9 l\u00e0 60%) cho ho\u1ea1t \u0111\u1ed9ng b\u00ecnh \u1ed5n th\u1ecb tr\u01b0\u1eddng. Theo \u0111\u00f3, c\u00e1c c\u00f4ng ty ch\u1ee9ng kho\u00e1n c\u00f3 ngh\u0129a v\u1ee5 mua v\u00e0o khi gi\u00e1 ch\u1ee9ng kho\u00e1n b\u1ecb gi\u1ea3m v\u00e0 b\u00e1n ra khi gi\u00e1 ch\u1ee9ng kho\u00e1n l\u00ean nh\u1eb1m gi\u1eef gi\u00e1 ch\u1ee9ng kho\u00e1n \u1ed5n \u0111\u1ecbnh.<\/p>\n

– Ho\u1ea1t \u0111\u1ed9ng t\u1ea1o th\u1ecb tr\u01b0\u1eddng<\/b>: Khi \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh, c\u00e1c ch\u1ee9ng kho\u00e1n m\u1edbi ch\u01b0a c\u00f3 th\u1ecb tr\u01b0\u1eddng giao d\u1ecbch. \u0110\u1ec3 t\u1ea1o th\u1ecb tr\u01b0\u1eddng cho c\u00e1c ch\u1ee9ng kho\u00e1n n\u00e0y, c\u00e1c c\u00f4ng ty ch\u1ee9ng kho\u00e1n th\u1ef1c hi\u1ec7n t\u1ef1 doanh th\u00f4ng qua vi\u1ec7c mua v\u00e0 b\u00e1n ch\u1ee9ng kho\u00e1n, t\u1ea1o t\u00ednh thanh kho\u1ea3n tr\u00ean th\u1ecb tr\u01b0\u1eddng c\u1ea5p hai.\u00a0<\/p>\n

Tr\u00ean nh\u1eefng th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n ph\u00e1t tri\u1ec3n, c\u00e1c nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng (Market \u2013 Makers) s\u1eed d\u1ee5ng nghi\u1ec7p v\u1ee5 mua b\u00e1n ch\u1ee9ng kho\u00e1n tr\u00ean th\u1ecb tr\u01b0\u1eddng OTC \u0111\u1ec3 t\u1ea1o th\u1ecb tr\u01b0\u1eddng. \u00a0<\/p>\n

Theo \u0111\u00f3, h\u1ecd li\u00ean t\u1ee5c c\u00f3 nh\u1eefng b\u00e1o gi\u00e1 \u0111\u1ec3 mua ho\u1eb7c b\u00e1n ch\u1ee9ng kho\u00e1n v\u1edbi c\u00e1c nh\u00e0 kinh doanh ch\u1ee9ng kho\u00e1n kh\u00e1c. Nh\u01b0 v\u1eady, h\u1ecd s\u1ebd duy tr\u00ec m\u1ed9t th\u1ecb tr\u01b0\u1eddng li\u00ean t\u1ee5c \u0111\u1ed1i v\u1edbi ch\u1ee9ng kho\u00e1n m\u00e0 h\u1ecd kinh doanh.<\/p>\n

C\u00e1c h\u00ecnh th\u1ee9c giao d\u1ecbch trong ho\u1ea1t \u0111\u1ed9ng t\u1ef1 doanh<\/font><\/b><\/h3>\n

– Giao d\u1ecbch gi\u00e1n ti\u1ebfp<\/b>: C\u00f4ng ty ch\u1ee9ng kho\u00e1n \u0111\u1eb7t c\u00e1c l\u1ec7nh mua v\u00e0 b\u00e1n ch\u1ee9ng kho\u00e1n tr\u00ean S\u1edf giao d\u1ecbch, l\u1ec7nh c\u1ee7a h\u1ecd c\u00f3 th\u1ec3 th\u1ef1c hi\u1ec7n v\u1edbi b\u1ea5t k\u00ec kh\u00e1ch h\u00e0ng n\u00e0o kh\u00f4ng \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh tr\u01b0\u1edbc.<\/p>\n

– Giao d\u1ecbch tr\u1ef1c ti\u1ebfp<\/b>: L\u00e0 giao d\u1ecbch tay \u0111\u00f4i gi\u1eefa hai c\u00f4ng ty ch\u1ee9ng kho\u00e1n hay gi\u1eefa c\u00f4ng ty ch\u1ee9ng kho\u00e1n v\u1edbi m\u1ed9t kh\u00e1ch h\u00e0ng th\u00f4ng qua th\u01b0\u01a1ng l\u01b0\u1ee3ng. \u0110\u1ed1i t\u01b0\u1ee3ng c\u1ee7a c\u00e1c giao d\u1ecbch tr\u1ef1c ti\u1ebfp l\u00e0 c\u00e1c lo\u1ea1i ch\u1ee9ng kho\u00e1n \u0111\u0103ng k\u00ed giao d\u1ecbch \u1edf th\u1ecb tr\u01b0\u1eddng OTC.<\/p>\n

\u00a0(T\u00e0i li\u1ec7u tham kh\u1ea3o: Gi\u00e1o tr\u00ecnh Th\u1ecb tr\u01b0\u1eddng Ch\u1ee9ng kho\u00e1n, Tr\u01b0\u1eddng \u0110H Kinh t\u1ebf Qu\u1ed1c d\u00e2n, , NXB T\u00e0i ch\u00ednh)<\/i><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n Theo Lu\u1eadt ch\u1ee9ng kho\u00e1n, nghi\u1ec7p v\u1ee5 t\u1ef1 doanh ch\u1ee9ng kho\u00e1n (ti\u1ebfng Anh: Selftrading) l\u00e0 vi\u1ec7c c\u00f4ng ty ch\u1ee9ng kho\u00e1n mua ho\u1eb7c b\u00e1n ch\u1ee9ng kho\u00e1n cho ch\u00ednh m\u00ecnh.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/31230"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=31230"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/31230\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=31230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=31230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=31230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}