The difference between on-site and off-site

The main differences between OTC and OTC are: (1) different concentration. OTC market is a decentralized invisible market, and there is no fixed and centralized trading place. (2) Different organizations. The OTC market is organized by the market maker system, and the OTC market is organized by the brokerage system. (3) Different openness. OTC market is a market where securities are traded through bargaining. Its management is looser than that of the stock exchange, and its openness is not high. Extended data OTC trading usually occurs between securities companies or between securities companies and customers, or securities companies engaged in registered stock brokerage business in OTC market buy and sell registered stocks by undertaking and booking the same trading functions as listed stocks. The buying and selling price of stocks in the OTC market shall be determined by the buyers and sellers through consultation. The characteristics of on-site trading ① are centralized and fixed trading places and fixed trading hours. (2) There is a strict organizational management system. A membership-based exchange can only enter the exchange for securities trading if it has obtained the membership of the exchange. (3) Trading by means of open bidding and two-way auction. In the general commodity auction, there are many buyers, but there is only one seller, and the competition is only between buyers.