Today's a** scene staged a thrilling drama:After February 28, more than 5,000 ** have declined. This has undoubtedly aroused widespread attention and thoughtfulness among investors. So, what's behind all this? Could it really be the recent rumors about quantitative trading that sparked it?
At the beginning of the opening, the atmosphere of the A** field seemed to be calm, but a sudden rumor broke the silence. In the afternoon, the turmoil in the market intensified, with the Shanghai Composite Index exceeding 50 points and the number of falling limits soaring to more than 300. This violent market reaction is involuntarily reminiscent of the market storm before the Lunar New Year.
According to a report by Brokerage China,Rumors about quantitative trading began to spread in the market. Specifically, there is news that brokerages are tightening their DMA (Direct Market Access) business, restricting the operation of private proprietary funds, and gradually withdrawing the funds raised. In addition, the leverage ratio of the DMA business is also limited to 1:1. These rumors were confirmed by a number of agencies in the afternoon, who said that they had indeed received relevant notices and that they would not be able to increase the size of the DMA strategy in the future.
Today's market action suggests that the A** field was originally in a benign upward process, but then suffered a major blow。As of **, the Shanghai Composite Index has **191%, Wind all-A index is even more ** 301%。Almost all the science and technology themes, with a market turnover of up to 137 trillion yuan, and the number of ** falling limits has reached a staggering 326.
In this context, we have to think: is quantitative trading really the culprit that leads to the market?
Although in the short term, the limitations of quantitative trading and DMA business may have a certain impact on market volatility, from a longer-term, macro perspective, we cannot ignore the importance of quantitative trading in mature markets. Quantitative trading injects liquidity into the market and enhances the efficiency and transparency of the market through precise algorithms and models. It enables the market to absorb and reflect information more quickly, driving the discovery process.
I can understand the doubts and dissatisfaction of investors in the market** that quantitative trading may trigger, and this sentiment is understandable. However,For the health and future of the market, we must embrace a gradual process of trial and error and correction. This is the only way for the market to develop and improve. We should take a more holistic and in-depth view of market volatility rather than simply blaming quantitative trading for the problem. With the continuous development and improvement of the market, quantitative trading will continue to play an important role in the capital market and become an important tool for investors.