深圳创业板混合交易流程设计

【摘要】 随着深圳创业板出台的推迟,关于我国创业板应当实施做市商制度还是竞价制度的争论也愈加剧烈。然而无论是单一的做市商制度还是竞价制度都不能满足深圳创业板市场未来的潜在需求。本文立足于未来深圳创业板将实施混合交易制度,并借鉴美国纳斯达克市场与我国主板市场交易流程,以创新思维设计出深圳创业板的混合交易流程,为创业板的推出和稳定发展提供参考。更多还原

【Abstract】 As the time of the establishment of Shenzhen GEM(Growth Enterprise Market)is coming, the dispute about whether the Shenzhen GEM should implement market-making system or ask-bid system becomes more fierce.But neither market-making system nor ask-bid system can meet the future potential demand of Shenzhen GEM.This paper assumes that Shenzhen GEM will implement mixed trading system in future,and on this basic,we draw lessons from the trading flow of Nasdaq(The National Association of Securities Dealers Automated Quotation System)and the main board of our country,then we design the mixed trading flow with innovative thought in order to offer reference for putting out Shenzhen GEM as soon as possible.更多还原