{"id":31255,"date":"2023-12-07T10:28:23","date_gmt":"2023-12-07T10:28:23","guid":{"rendered":"https:\/\/masterskills.org\/blog\/khop-lenh-dinh-ki-call-auction-va-khop-lenh-lien-tuc-continuous-auction-la-gi.html"},"modified":"2023-12-23T08:01:00","modified_gmt":"2023-12-23T01:01:00","slug":"khop-lenh-dinh-ki-call-auction-va-khop-lenh-lien-tuc-continuous-auction-la-gi","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/khop-lenh-dinh-ki-call-auction-va-khop-lenh-lien-tuc-continuous-auction-la-gi.html","title":{"rendered":"Kh\u1edbp l\u1ec7nh \u0111\u1ecbnh k\u00ec (Call auction) v\u00e0 Kh\u1edbp l\u1ec7nh li\u00ean t\u1ee5c (Continuous auction) l\u00e0 g\u00ec?"},"content":{"rendered":"
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H\u00ecnh minh ho\u1ea1 (Ngu\u1ed3n: livemint)<\/p>\n<\/div>\n<\/div>\n

Kh\u1edbp l\u1ec7nh \u0111\u1ecbnh k\u00ec v\u00e0 Kh\u1edbp l\u1ec7nh li\u00ean t\u1ee5c<\/font><\/h2>\n

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

Kh\u1edbp l\u1ec7nh \u0111\u1ecbnh k\u00ec<\/b> trong ti\u1ebfng Anh \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 call auction<\/b>.<\/p>\n

Kh\u1edbp l\u1ec7nh li\u00ean t\u1ee5c<\/b> trong ti\u1ebfng Anh \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 continuous auction <\/b>hay continuous trading.<\/b><\/p>\n

– Kh\u1edbp l\u1ec7nh \u0111\u1ecbnh k\u00ec<\/span> l\u00e0 ph\u01b0\u01a1ng th\u1ee9c giao d\u1ecbch d\u1ef1a tr\u00ean c\u01a1 s\u1edf t\u1eadp h\u1ee3p t\u1ea5t c\u1ea3 c\u00e1c l\u1ec7nh mua v\u00e0 b\u00e1n trong m\u1ed9t kho\u1ea3ng th\u1eddi gian nh\u1ea5t \u0111\u1ecbnh, sau \u0111\u00f3 khi \u0111\u1ebfn gi\u1edd ch\u1ed1t gi\u00e1 giao d\u1ecbch, gi\u00e1 ch\u1ee9ng kho\u00e1n \u0111\u01b0\u1ee3c kh\u1edbp t\u1ea1i m\u1ee9c gi\u00e1 \u0111\u1ea3m b\u1ea3o th\u1ef1c hi\u1ec7n \u0111\u01b0\u1ee3c kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch l\u00e0 l\u1edbn nh\u1ea5t (kh\u1ed1i l\u01b0\u1ee3ng mua v\u00e0 b\u00e1n nhi\u1ec1u nh\u1ea5t).<\/p>\n

Trong tr\u01b0\u1eddng h\u1ee3p c\u00f3 nhi\u1ec1u m\u1ee9c gi\u00e1 cho kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch l\u00e0 l\u1edbn nh\u1ea5t v\u00e0 b\u1eb1ng nhau th\u00ec s\u1ebd l\u1ef1a ch\u1ecdn m\u1ee9c gi\u00e1 g\u1ea7n v\u1edbi m\u1ee9c gi\u00e1 \u0111\u00f3ng c\u1eeda c\u1ee7a phi\u00ean giao d\u1ecbch ng\u00e0y h\u00f4m tr\u01b0\u1edbc l\u00e0m gi\u00e1 giao d\u1ecbch.<\/p>\n

Tr\u01b0\u1eddng h\u1ee3p \u0111\u1eb7c bi\u1ec7t, khi c\u00f3 2 m\u1ee9c gi\u00e1 cho kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch l\u00e0 l\u1edbn nh\u1ea5t v\u00e0 gi\u00e1 \u0111\u00f3ng c\u1eeda c\u1ee7a phi\u00ean giao\u00a0d\u1ecbch tr\u01b0\u1edbc \u1edf gi\u1eefa 2 m\u1ee9c gi\u00e1 th\u00ec tu\u1ef3 theo t\u1eebng S\u1edf giao d\u1ecbch ch\u1ee9ng kho\u00e1n<\/span> s\u1ebd l\u1ef1a ch\u1ecdn m\u1ee9c gi\u00e1 cao h\u01a1n ho\u1eb7c m\u1ee9c gi\u00e1 c\u00f3 ch\u00eanh l\u1ec7ch kh\u1ed1i l\u01b0\u1ee3ng mua b\u00e1n th\u1ea5p nh\u1ea5t l\u00e0m gi\u00e1\u00a0giao d\u1ecbch.\u00a0<\/p>\n

Vi\u1ec7c l\u1ef1a ch\u1ecdn m\u1ee9c gi\u00e1 giao d\u1ecbch nh\u01b0 tr\u00ean nh\u1eb1m \u0111\u1ea3m b\u1ea3o t\u00ednh \u1ed5n \u0111\u1ecbnh v\u00e0 li\u00ean t\u1ee5c theo \u0111\u00fang nguy\u00ean t\u1eafc, m\u1ee5c \u0111\u00edch t\u1ed5 ch\u1ee9c v\u00e0 v\u1eadn h\u00e0nh c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n.<\/p>\n

Kh\u1edbp l\u1ec7nh \u0111\u1ecbnh k\u00ec<\/span> th\u01b0\u1eddng \u0111\u01b0\u1ee3c c\u00e1c S\u1edf giao d\u1ecbch ch\u1ee9ng kho\u00e1n<\/span> s\u1eed d\u1ee5ng \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh gi\u00e1 m\u1edf c\u1eeda, \u0111\u00f3ng c\u1eeda ho\u1eb7c gi\u00e1 ch\u1ee9ng kho\u00e1n \u0111\u01b0\u1ee3c ph\u00e9p giao d\u1ecbch l\u1ea1i sau m\u1ed9t th\u1eddi gian t\u1ea1m ng\u01b0ng giao d\u1ecbch.<\/p>\n

Trong th\u1ef1c t\u1ebf, c\u00e1c S\u1edf giao d\u1ecbch ch\u1ee9ng kho\u00e1n<\/span> \u00e1p d\u1ee5ng h\u1ec7 th\u1ed1ng giao d\u1ecbch gh\u00e9p l\u1ec7nh th\u01b0\u1eddng k\u1ebft h\u1ee3p c\u1ea3 2 h\u00ecnh th\u1ee9c: kh\u1edbp l\u1ec7nh \u0111\u1ecbnh k\u00ec<\/span> v\u00e0 kh\u1edbp l\u1ec7nh li\u00ean t\u1ee5c.\u00a0<\/p>\n

Kh\u1edbp l\u1ec7nh \u0111\u1ecbnh k\u00ec<\/span> \u0111\u01b0\u1ee3c \u00e1p d\u1ee5ng \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh gi\u00e1 m\u1edf c\u1eeda, gi\u00e1 gi\u1eefa c\u00e1c phi\u00ean (qui \u0111\u1ecbnh th\u1eddi \u0111i\u1ec3m nh\u1ea5t \u0111\u1ecbnh) v\u00e0 gi\u00e1 \u0111\u00f3ng c\u1eeda. Trong kho\u1ea3ng th\u1eddi gian t\u1eeb m\u1edf c\u1eeda \u0111\u1ebfn \u0111\u00f3ng c\u1eeda s\u1ebd \u00e1p d\u1ee5ng h\u00ecnh th\u1ee9c kh\u1edbp l\u1ec7nh li\u00ean t\u1ee5c.<\/p>\n

– Kh\u1edbp l\u1ec7nh li\u00ean t\u1ee5c l\u00e0 ph\u01b0\u01a1ng th\u1ee9c giao d\u1ecbch \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n li\u00ean t\u1ee5c khi c\u00f3 c\u00e1c l\u1ec7nh \u0111\u1ed1i \u1ee9ng \u0111\u01b0\u1ee3c nh\u1eadp v\u00e0o h\u1ec7 th\u1ed1ng.\u00a0\u00a0<\/p>\n

\u01afu \u0111i\u1ec3m v\u00e0 nh\u01b0\u1ee3c \u0111i\u1ec3m c\u1ee7a ph\u01b0\u01a1ng th\u1ee9c<\/font><\/h3>\n

– Kh\u1edbp l\u1ec7nh \u0111\u1ecbnh k\u00ec<\/b><\/p>\n

+ \u01afu \u0111i\u1ec3m<\/p>\n

Kh\u1edbp l\u1ec7nh \u0111\u1ecbnh k\u00ec<\/span> l\u00e0 ph\u01b0\u01a1ng th\u1ee9c ph\u00f9 h\u1ee3p nh\u1eb1m x\u00e1c l\u1eadp m\u1ee9c gi\u00e1 c\u00e2n b\u1eb1ng tr\u00ean th\u1ecb tr\u01b0\u1eddng. Do l\u1ec7nh giao d\u1ecbch c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c t\u1eadp h\u1ee3p trong\u00a0m\u1ed9t kho\u1ea3ng th\u1eddi gian nh\u1ea5t \u0111\u1ecbnh n\u00ean kh\u1edbp l\u1ec7nh \u0111\u1ecbnh k\u00ec<\/span> c\u00f3 th\u1ec3 ng\u0103n ch\u1eb7n \u0111\u01b0\u1ee3c nh\u1eefng \u0111\u1ed9t bi\u1ebfn v\u1ec1 gi\u00e1 th\u01b0\u1eddng xu\u1ea5t hi\u1ec7n d\u01b0\u1edbi \u1ea3nh h\u01b0\u1edfng c\u1ee7a l\u1ec7nh giao d\u1ecbch c\u00f3 kh\u1ed1i l\u01b0\u1ee3ng l\u1edbn ho\u1eb7c th\u01b0a th\u1edbt.\u00a0<\/p>\n

Ph\u01b0\u01a1ng th\u1ee9c n\u00e0y c\u0169ng r\u1ea5t h\u1eefu hi\u1ec7u trong vi\u1ec7c gi\u1ea3m thi\u1ec3u nh\u1eefng bi\u1ebfn \u0111\u1ed9ng v\u1ec1 gi\u00e1 n\u1ea3y sinh t\u1eeb t\u00ecnh tr\u1ea1ng giao d\u1ecbch b\u1ea5t th\u01b0\u1eddng, t\u1ea1o s\u1ef1 \u1ed5n \u0111\u1ecbnh gi\u00e1 c\u1ea7n thi\u1ebft tr\u00ean th\u1ecb tr\u01b0\u1eddng.\u00a0<\/p>\n

+ Nh\u01b0\u1ee3c \u0111i\u1ec3m<\/p>\n

Tuy nhi\u00ean, gi\u00e1 ch\u1ee9ng kho\u00e1n \u0111\u01b0\u1ee3c x\u00e1c l\u1eadp theo ph\u01b0\u01a1ng th\u1ee9c kh\u1edbp l\u1ec7nh \u0111\u1ecbnh k\u00ec<\/span> kh\u00f4ng ph\u1ea3n\u00a0\u00a0\u00e1nh t\u1ee9c th\u1eddi th\u00f4ng tin th\u1ecb tr\u01b0\u1eddng v\u00e0 h\u1ea1n ch\u1ebf c\u01a1 h\u1ed9i tham gia giao d\u1ecbch c\u1ee7a ng\u01b0\u1eddi \u0111\u1ea7u t\u01b0.\u00a0<\/p>\n

– Kh\u1edbp l\u1ec7nh li\u00ean t\u1ee5c<\/b><\/p>\n

+ \u01afu \u0111i\u1ec3m<\/p>\n

Gi\u00e1 c\u1ea3 ph\u1ea3n \u00e1nh t\u1ee9c th\u1eddi c\u00e1c th\u00f4ng tin tr\u00ean th\u1ecb tr\u01b0\u1eddng. H\u1ec7 th\u1ed1ng cung c\u1ea5p m\u1ee9c gi\u00e1 li\u00ean t\u1ee5c c\u1ee7a ch\u1ee9ng kho\u00e1n, t\u1eeb \u0111\u00f3 t\u1ea1o \u0111i\u1ec1u ki\u1ec7n cho nh\u00e0 \u0111\u1ea7u t\u01b0 tham gia th\u1ecb tr\u01b0\u1eddng m\u1ed9t c\u00e1ch n\u0103ng \u0111\u1ed9ng v\u00e0 th\u01b0\u1eddng xuy\u00ean v\u00ec nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 ngay l\u1eadp t\u1ee9c th\u1ef1c hi\u1ec7n \u0111\u01b0\u1ee3c l\u1ec7nh ho\u1eb7c n\u1ebfu kh\u00f4ng c\u0169ng s\u1ebd nh\u1eadn \u0111\u01b0\u1ee3c ph\u1ea3n h\u1ed3i t\u1eeb th\u1ecb tr\u01b0\u1eddng m\u1ed9t c\u00e1ch nhanh nh\u1ea5t \u0111\u1ec3 k\u1ecbp th\u1eddi \u0111i\u1ec1u ch\u1ec9nh c\u00e1c quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 ti\u1ebfp sau.<\/p>\n

Kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch l\u1edbn, t\u1ed1c \u0111\u1ed9 giao d\u1ecbch nhanh, v\u00ec v\u1eady, h\u00ecnh th\u1ee9c kh\u1edbp l\u1ec7nh n\u00e0y ph\u00f9 h\u1ee3p v\u1edbi c\u00e1c th\u1ecb tr\u01b0\u1eddng c\u00f3 kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch l\u1edbn v\u00e0 s\u00f4i\u00a0\u0111\u1ed9ng.<\/p>\n

H\u1ea1n ch\u1ebf \u0111\u01b0\u1ee3c ch\u00eanh l\u1ec7ch gi\u1eefa gi\u00e1 l\u1ec7nh mua v\u00e0 l\u1ec7nh b\u00e1n, t\u1eeb \u0111\u00f3 th\u00fac \u0111\u1ea9y c\u00e1c giao d\u1ecbch x\u1ea3y ra th\u01b0\u1eddng xuy\u00ean v\u00e0 li\u00ean t\u1ee5c.\u00a0\u00a0<\/p>\n

+ Nh\u01b0\u1ee3c \u0111i\u1ec3m<\/p>\n

H\u00ecnh th\u1ee9c kh\u1edbp l\u1ec7nh li\u00ean t\u1ee5c ch\u1ec9 t\u1ea1o ra m\u1ee9c gi\u00e1 cho m\u1ed9t giao d\u1ecbch \u0111i\u1ec3n h\u00ecnh ch\u1ee9 kh\u00f4ng ph\u1ea3i l\u00e0 t\u1ed5ng h\u1ee3p c\u00e1c giao d\u1ecbch.<\/p>\n

(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 Kh\u1edbp l\u1ec7nh \u0111\u1ecbnh k\u00ec (ti\u1ebfng Anh: Call auction) v\u00e0 kh\u1edbp l\u1ec7nh li\u00ean t\u1ee5c (ti\u1ebfng Anh: Continuous auction) l\u00e0 hai ph\u01b0\u01a1ng th\u1ee9c gh\u00e9p l\u1ec7nh tr\u00ean h\u1ec7 th\u1ed1ng \u0111\u1ea5u gi\u00e1 theo l\u1ec7nh, m\u1ed7i ph\u01b0\u01a1ng th\u1ee9c mang nh\u1eefng \u01b0u \u0111i\u1ec3m v\u00e0 h\u1ea1n ch\u1ebf ri\u00eang bi\u1ec7t.<\/p><\/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\/31255"}],"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=31255"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/31255\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=31255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=31255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=31255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}