场外交易市场做市商制度分析-民商法学专业论文.docxVIP

场外 场外交易市场做市商制度研究 西南 西南政法大学硕士学位论文 3 3 4 4 market-market system,but only at an early stage,lack of operating mechanism and perfect regulation measures,also no clear legal protection, to some extent hindered the market maker system in the OTC markets depth of application and effectiveness of deep-seated show.However,throughout the United States,China’s Taiwan region,both established a distinctive market-market system according to it’s conditions,such as different types and levels of market-markers in the United States,Taiwan’s recommended market-markers,etc,at the same time ,they have formulated the special law and discipline regulations,to some extent ,they promoted the prosperity of the capital market.Therefore ,the purpose of this writing is to give the market-market system a accurate definition,to understand its operating mechanism,advantages and differences with the copmetitive bidding system, analysis of the OTC market and the introduction of barriers to the theoretical and practical foundation and operation of the market maker system, combined with the current situation in China in order to make practical legislative proposals in order to play a more market-maker system in our country in the OTC market advantage. Key Words ： Over-the-counter;Market-market system;Competitive bidding system; Legal regulation 目录 HYPERLINK \l _bookmark0 引言 1 HYPERLINK \l _bookmark1 一．场外交易市场做市商制度的基础理论 2 HYPERLINK \l _bookmark2 （一）做市商制度的概述2 HYPERLINK \l _bookmark3 （二）场外交易市场采用做市商制度的理论基础5 HYPERLINK \l _bookmark4 （三）场外交易市场采用做市商制度的现实基础6 HYPERLINK \l _bookmark5 （四）场外交易市场做市商制度运行的不利因素10 HYPERLINK \l _bookmark6 二、 场外交易市场做市商制度的基本内容 11 HYPERLINK \l _bookmark7 （一）做市商及做市商制度在场外交易市场中的法律地位 11 HYPERLINK \l _bookmark8 （二）做市商制度中各个交易主体之间的法律关系13 HYPERLINK \l _bookmark9 （三）做市商制度的运行机制15 （四）做市商的权利义务与责任 HYPERLINK \l _bookmark9 15 HYPERLINK \l _bookmark10 三、我国目前场外交易市场做市商制度的适用 18 HYPERLINK \l _bookmark11 （一）台湾兴柜股票的做市商制度18 HYPERLINK \l _bookmark12 （二）天交所混合型的做市商制度20 HYPERLINK \l _bookmark13