The Improvement Of New Three Board Market Market-maker System Research

New Three Board market as an important part of the multi-level capital market in China,since opening in 2013 has developed rapidly,especially at the end of 2014 since the introduction of market maker system both in the overall volume and turnover rate achieved significantly promoted,but the market-making system in the application of the new three board market has also exposed some problems,if not be perfected will disturb the order of the new three board market free competition.In this paper,the New Three Board market maker system according to the actual state of from marketmakers entry and exit,the rights and obligations of marketmakers,market-makers law and regulation of the content of the New Three Board market market-maker system in detail,through the analysis found that the lack of related legal system is not for marketmakers provides a good market environment,incomplete access that market makers with qualifications,market monopoly market capacity;Unequal rights and obligations that market makers lack of market enthusiasm;Imperfect laws and regulation that marketmakers behavior is not standard;Around these problems,pick out the market-maker system more mature nasdaq market,London,England and Taiwan ark on the market,the foreign advanced experience in developed markets and are based on the status of the new three board market in our country,promote traditional marketmakers system transition to mixed trading system,open to other financial institutions to enter the threshold of the new three board market market,give marketmakers more independent rights,strengthen legislation and improve the regulatory system and enables the market-maker system to better serve the New Three Board market.