Research On OTC Market Construction Model Of Securities Companies In China

In the OTC market of multi-level process of establishing, nurturing countermarket securities companies, securities companies achieve service entities contributeto economic transformation and upgrading, providing businesses and residentsdiversified investment and financing services, but also help companies to expandsecurities custody, clearing, valuation of securities services and market organizationfunctions to meet the non-listed companies as well as professional investmentinstitutions financing offers back office support needs. In this paper, building a soundcapital market of multi-level perspective, explore the research firm counter securitiesmarket building mode. By combing counter securities market related companybuilding theory, securities companies building the role and significance of countermarket, and with reference to securities firms in developed countries and regions inthe construction of counter market functioning, put forward innovative companies inthe counter China’s securities market construction mode. That securities companiesshould have three kinds of counter market trading functions and three constructionprinciples, elaborated counter market securities companies to carry out theorganizational framework, product management, investor proper management andfixed income products, derivatives, private equity debt products, a collection of assetmanagement products, trust products, the introduction of counter market, in order tomeet the investment needs of different investors. Counter market in the securitiestrading firm understanding and analysis based on the proposed counter marketsecurities companies using a variety of trading systems coexist, including quotes andtrading, market makers trading, OTC, trade agreements, pricing sales transactions.Counter market for securities companies registered custodian and settlement wereanalyzed and discussed, considered as the leading securities companies to establishregistration and custody settlement as one of the securities companies counter market,in order to provide investors with a specific non-exchange listed securities trading,registration, clearing services. Finally the relevant regulatory proposals.