Traditional Culture Encyclopedia - Photography and portraiture - The difference between on-site market and off-site market
The difference between on-site market and off-site market
2. Organizational differences: the on-site trading market uses the economic system; The urban commercial system is used in OTC market.
3. The difference of openness: On-site transactions adopt the form of public bidding, that is, multiple buyers trade with multiple sellers in the form of bidding; Over-the-counter transactions are directly negotiated by buyers and sellers.
What are the characteristics of the floor trading market?
1. The trading places and trading hours in the floor trading market are fixed and centralized. The floor trading market is specially set up in trading places, where users can trade securities. Moreover, the business hours are fixed. If transactions are needed, users should inquire in advance.
2. The organization and management system of the floor trading market is very strict. If users need to conduct trading activities in membership-based exchanges, they need to become members before they can conduct trading. Moreover, we must abide by the relevant rules and meet the relevant conditions before we can conduct transactions.
3. The transaction method is generally through auction, that is, the transaction between multiple buyers and a seller. Buyers and sellers will also compete with each other, because this way can make the on-site transaction more stable and avoid unreasonable prices.
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