changing the rules

Yu Baicheng awash in almost all types of exchange all over the country, finally price to pay for excessive innovation and speculative excess. This week, the State Council promulgated the straighten up all kinds of trading floors, can be described as unprecedented. For the exchange of chaos, the financial literacy of twice in March and October of this year with a cover story reports and alerts in the form of risk, namely "art shares trade higherBurning "and" Exchange wild growth ". Innovation as a model star wars the old republic, some electronic trading market is price discovery, hedging, promote trade, which attracted industry attention. But in the absence of regulation, self-regulation is not strong background, Exchange development of rugged, volumes, on the risks of gambling, and explosive warehouse event gates. In 2007 the futures tradingPromulgation of regulations on the management, alignment of forward markets in commodities futures class plays a normative role. However, in the context of excess liquidity, various exchanges meet the preferences of speculative capital, further flowering in more areas. Established Exchange Commission model, compared with traditional business to make money faster, that some bosses are investing in real estate Exchange. In this way,The game turned sour as pure speculation for profit by, a lot of money into a small market swtor power leveling, resulted in the Exchange at the time of the establishment of inadequate preparation, vulnerability, changing the rules, trading turbulent one. And now, in the face of State Council must purge, crazy games Exchange will return to reason. For the most recent notification, I think there are two points worth paying the most attention. First, the ExchangeRectification of a wide range. In addition to Exchange approved by the relevant State Council departments, no Exchange will be permitted to do transactions involving securities and Futures property, if not of equal shares, cannot take centralized price bidding, market-maker system, interest shall not be in accordance with the standard trading unit begin trading, trader buying after buying or selling after selling the same interval of not less than 5Today, holder of Trojan and not more than 200 people. Was particularly pointed out that, for transactions such as insurance, credit, gold trading sites, must be approved by the relevant departments under the State Council approved the establishment. Secondly, regulation and enforcement is worth testing. For Exchange of rectification, establishment led by the Commission, relevant departments take part in the "joint" System. Joint vocational schoolResponsibility is "coordination and supervision", currently of the reorganization of the local Exchange, is managed by the provincial people's Government in accordance with the territorial principle is responsible for monitoring. However, due to exchanges close relationship with the place, thus enforcement is still to be on game. ����There may be exchanges will continue to exist, but the rules are no doubt changed. Gold-line statement: gold online goAs set out above, does not indicate that confirm the description for investor use only and does not constitute investment advice. Investors a basis for action, at your own risk.