Digital currency off market and on market

1.

1. Floor trading

also known as exchange trading, refers to the trading mode in which all the supply and demand sides are concentrated in the exchange for bidding. This kind of trading mode has the characteristics of the exchange collecting margin from the trading participants, being responsible for clearing and undertaking the responsibility of performance guarantee at the same time

all traders are concentrated in one place to trade, which increases the trading density and generally forms a market with high liquidity

futures trading and part of standardized option contract trading belong to this kind of trading mode

2. Over the counter trading refers to all kinds of trading activities outside the exchange, which is called "over the counter trading" or "over the counter trading"

this kind of organization has no fixed opening and closing time, no specific trading place, and the two sides of the transaction do not have to deal face to face, only rely on telex, telegram, telephone and other communication equipment to contact and contact each other and negotiate to reach a transaction

the OTC of foreign exchange instry mainly includes spot foreign exchange trading and spot foreign exchange margin trading

extended data

the main differences between floor trading and OTC trading are as follows:

(1) different concentration. The over-the-counter market is a decentralized and invisible market, which has no fixed and centralized trading place

(2) different histology. The OTC market is organized as a market maker, while the OTC market is organized as a broker

(3) different publicity. Over the counter market is a market in which securities are traded by means of price negotiation. Its management is looser than that of stock exchange, and the requirement of openness is not high

reference materials

network floor trading

network floor trading

2. The differences between on-site pledge and off-site pledge are as follows:
first, transaction mode:
the financing Party of on-site pledge directly provides financing to securities companies; The off-site pledge uses the company's own capital investment to make trust loans to the financing parties by means of directional asset management and single trust< Second, mortgage varieties, such as stocks, funds, bonds, etc., which can be traded on the stock exchange. The requirements for stocks are as follows:
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2. Non ST and * ST stocks
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6. The cumulative increase in the past three months is no more than 100%
7. If the trading of stocks is not restricted by laws and regulations, it is not allowed to pledge Southwest Securities 600369
8. No other special risks
the off-site pledge is mainly stock, not involving funds (ETF, lof, closed-end fund, bond)< Third, customer access threshold
floor pledge
initial transaction amount of 500000 or more; Pledge 30 million or more off-site.

3. Hello, floor trading, also known as "exchange trading", refers to the stock trading in the stock exchange. The stock traded on the exchange is limited to the listed stock. Because the operation of the listed stock issuing company should be disclosed to the investors, the investors have a sense of security
over the counter trading refers to the stock trading outside the stock exchange. Compared with floor trading, OTC trading is not so strict in the disclosure of corporate finance. It is an unorganized market. The characteristics of OTC are as follows: it can raise funds for some small and medium-sized enterprises which can not be listed but have development prospects; It provides a very attractive investment object for investors.

4. According to the different trading places, OTC funds can be divided into two types: on-the-spot funds and on-the-spot funds. OTC funds refer to the funds that are not listed on the stock exchange but are traded on banks, securities companies, third-party financial management platforms or direct selling platforms of fund companies. At present, most funds are OTC funds
floor funds refer to securities investment funds that can be listed and traded on stock exchanges like stocks. Common floor funds include closed-end funds, Listed Open-end Funds (LOF), trading open-end funds (ETF) and classified funds. There are two kinds of investment modes of exchange fund, one is the application and redemption of the primary market, the other is the transaction of the secondary market. The secondary market trading mode of the exchange fund is the same as that of the stock, with 100 fund shares as one hand and the market quotation as the bidding transaction.

5. The differences between the exchange fund and the OTC fund are as follows:

1. Different trading methods: the exchange trading of general funds is more painful than that of securities accounts. The OTC fund can be purchased through banks, securities companies, fund companies and other channels

2. Different trading partners: the exchange trading is based on sealed and listed open base, and can not make fixed investment or conversion. OTC trading can not only make fixed investment and conversion, but also purchase all open-end funds, including lof funds and some ETF funds

3. Different transaction rates: the highest one-way transaction rate of floor buying or selling will not exceed 0.3%, while the off-site subscription rate is between 0.6% and 1.5%, and the redemption rate is mostly 0.5%

4. The trading price is different: the way of floor trading is trading according to the stock. According to the real-time trading in the market, the price will also change according to the trading time. OTC trading is an unknown price, trading at net value, updating net value once a day

5. Different dividend methods: the dividend method of on-site fund purchase is limited to cash dividend, while the dividend method of off-site fund purchase is divided into cash dividend and dividend reinvestment.