According to the news from Bijie.com, the Shanghai Stock Exchange will organize and carry out business tests related to bidding, comprehensive industry and other platforms on September 29, 2024 (Sunday), and invite all market participants to participate in the test, mainly to verify the accuracy of relevant technical platform business and technical adjustments.
Participating units include: the exchange's technology company, information company, related core institutions and various market participants. Stockholders are generally unable to participate in this type of business test. Stockholders' transactions are all conducted through the brokerage system, and the brokerage can simulate orders for stockholders.
Many securities dealers feel that this test is indeed quite a big deal. The last large-scale test may be traced back to the Shanghai and Shenzhen Stock Exchanges' test of the full registration system.
Why is there such a big commotion this time? First, the failure of the Shanghai Stock Exchange may be caused by "explosion of orders". Only by mobilizing as many market players as possible can we get closer to the real "explosion of orders" scenario and help verify the results. Second, the stock market is now hot and any market-related information is infinitely magnified. At present, the Shanghai Stock Exchange has not announced the cause of the "failure". Industry analysts believe that it is most likely caused by excessive trading volume.