The Shanghai Stock Exchange trades latency funds for transfer to stock index futures

Jinshi data news on September 27, September 27 morning, the Shanghai Stock Exchange trading system crashed, and funds were transferred to stock index futures. Many industry insiders told reporters that in the morning, there was a slow confirmation of Bidding transactions for Shanghai Stock Exchange stocks, which had an impact on the trading and pricing of stock index futures under the bullish market. ‘After the abnormality of the Shanghai Stock Exchange trading system, under the bullish market, some investors cannot buy Shanghai stocks and turn to buy Shenzhen stocks or stock index futures, so the increase in stock index futures will be relatively larger, and the basis will rise more,’ said Yu Kan, chief researcher of Guotai Junan Futures, to reporters. There are also senior stock index futures professionals who said that after Shanghai stocks cannot be traded, a large amount of funds place orders through stock index futures, and the underlying of stock index futures are all affected.