The principles of market transactions are the general rules that reflect the transaction purpose and influence the whole process of transactions. In order to ensure the play of transaction functions and facilitate the normal operation of transaction, transactions shall abide by the principles of "fairness, justice and transparency”.
1. Principle of fairness
The principle of fairness indicates that each party involved in the transaction shall have equal opportunities. It requires that all participants in transaction activities have equal position. During transaction activities, there are various kinds of trading subject who may have different asset amount and trading capacity, but they cannot thus be wrongly treated or discriminated.
2. Principle of justice
The principle of justice indicates that each party involved in the transaction shall be treated justly and the transaction matters shall be handled justly. During practice, the principle of justice is also reflected in many aspects, such as the supervision of just market transaction price, the survey of maliciously administered price in competitive price transaction, the supervision of the consistency between the reasonable price in the quotation of market makers and the exchange data, and the elimination of slippage, float point difference, maliciously controlled trading and other improper actions of the member companies.
3. Principle of transparency
A. Transparency in transaction price: the transaction record in the platform of Pacific International Stock Exchange allocates the code of electronic transaction uniformly and supervises the transaction price, time, quantity and type among the members directly.
B. Transparency in counterparty: the products members provide the original entry trading information about call auction and continuous auction, and the quotation of market maker makes sure the information of the counterparty of each deal of transaction.
C. Transparency in traded products: traded products and transaction contract are standardized, and the basic information of the products is published on the website timely, accurately and completely.
D. Transparency in transaction information: the active degree and liquidity of the trading market is accurately and completely known by the members.