股市中的“对盘”是什么意思?“碎股对盘服务”呢?如何翻译成英文?

股市中的“对盘”是什么意思?“碎股对盘服务”呢?如何翻译成英文?

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“对盘”简单来说,其实指的就是根据买卖双方的指令,将买盘与卖盘相配对。翻译时,这里的“配对”可以直接翻译为“matching”,如:

买卖盘会累积一段时间及在预先设定的随机对盘时段中进行对盘。买卖盘会以买卖盘类别、价格及时间等优先次序(竞价盘享有优先的对盘次序)按最终参考平衡价格顺序对盘。

Orders are accumulated over a certain period of time and matched within a pre-defined random matching period. Orders are matched in order type, price and time priority (at-auction orders carry a higher matching priority), at the final Indicative Equilibrium Price ("IEP"). 


在随机收市时段,买卖盘规则与不可取消时段一样,而市场会于2分钟内随机收市。在随机收市时段过后,所有收市竞价证券会按最终参考平衡价格配对买卖盘。倘若收市竞价交易时段没有确立最终参考平衡价格,参考价将当作最终参考平衡价格用以配对买卖盘,并将成为收市竞价证券的收市价。买卖盘会以买卖盘类别、价格及时间等优先次序对盘(竞价盘享有较优先的对盘次序)。

During the random closing period, the order rules from the no-cancellation period apply and the market closes randomly within two minutes. After the random closing period, orders for all CAS securities are matched at the final IEP. In cases where final IEP cannot be established during the CAS, the Reference Price will be treated as the final IEP for order matching and will become the closing price of the CAS security. Order matching is based on order type, price and then time priority (at-auction orders carry a higher matching priority).


而在“碎股对盘服务”中:


“碎股”一词,是指不足一手(最低交易单位)的股票。而一手股票有多少股,与股价有一定关系。通常股价大的股份,一手的股票数目较少;而股价较小的股份,一手的股票数目会较多。其英文可以用“odd lot”表示:

An odd lot is an order amount for a security that is less than the normal unit of trading for that particular asset. Odd lots are considered to be anything less than the standard 100 shares for stocks.


“碎股对盘服务”则可以译为odd lot matching service,如:

碎股对盘服务Odd lot matching service

本公司已自费委任中银国际证券有限公司尽最大努力为有权获得实物分派且有意购入美团股份碎股以补足成一手美团股份或出售其美团股份碎股之合资格股东(除港股通投资者外),提供买卖美团股份碎股之对盘服务。合资格股东如欲使用该项服务,应由二零二三年三月二十四日(星期五)上午九时正至二零二三年四月二十四日(星期一)下午四时正(包括首尾两天)期间,致电(852) 2718 9663联络中银国际证券有限公司,地址为香港皇后大道中181号新纪元广场18楼。美团股份的碎股持有人应注意,该等买卖并不保证能成功对盘。

The Company has, at its own costs, appointed BOCI Securities Limited to provide matching service for sale and purchase of odd lots of the Meituan Shares, on a best effort basis, to those Qualifying Shareholders entitled to the Distribution in Specie (other than the Stock Connect Investors) who wish to acquire odd lots of the Meituan Shares to make up a full board lot, or to dispose of their odd lots of the Meituan Shares. Qualifying Shareholders who wish to utilise the service should contact BOCI Securities Limited at (852) 2718 9663, or at 18/F, Grand Millennium Plaza, 181 Queen’s Road Central, Hong Kong during the period from 9:00 a.m. on 24 March 2023, Friday to 4:00 p.m. on 24 April 2023, Monday, both days inclusive. Holders of odd lots of the Meituan Shares should note that successful matching of such sale and purchase is not guaranteed.


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