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Research On Market Maker System Of The Non-listed Public Companies Stock Trading

Posted on:2015-08-12Degree:MasterType:Thesis
Country:ChinaCandidate:Y F WangFull Text:PDF
GTID:2296330467454276Subject:Law
Abstract/Summary:PDF Full Text Request
The market maker system originated in the end of the nineteenth Century, marketmaker system can increase the liquidity, alleviate market price fluctuations of market, andprevent market manipulation.in practice, The America NASDAQ market is the marketmaker system, which Was a great success, More and more countries adopt the marketmaker system, Including European countries、Many Asian countries.A law passed in2013,《The small and medium-sized enterprise share transfer systemof limited liability company management Interim Measures》 stipulate marketmaker.system.it means Unlisted public corporation stock transfer can adopt the marketmaker system. The law clearly stipulates that Listing of shares transfer can use transfermarket, agreement, auction or approved by csrc.The article is divided into three parts:Part one:Study on the connotation of the market maker system and its characteristics,the role of market makers in the non listed public corporation stock transfer market,as wellas the type and the development status of the market maker system,eventually lead tohybrid market maker system.Part two:After the analysis of the legislation and practice of the transfer of non listedshares of the public corporation’s status, to explore the causes of the mixed market makersystem in china.Part three:the main body of the market makers and other similar securities market arecompared and analyzed, analyze The nature of the market maker. According to the law ofthe market maker system, analyzes the market maker’s rights and obligations, as well asmultiple supervision on the market makers.and,In the legal level, how to consummate themarket maker systemIn the conclusion part, summarized the contents of the article.
Keywords/Search Tags:Unlisted public corporation, Transfer of shares, Themarket maker, The market maker system
PDF Full Text Request
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