Date
20 August 2017

Brokerages rushing to form OTC market-making system, paper says

A number of brokerages are racing against time to set up a market-making system on the new over-the-counter board, 21st Century Business Herald reported Monday, citing the companies. They have one month from Jan. 16 to meet a range of requirements on risk control, internal reporting and other tasks. The market, also known as the New Third Board, a national share transfer platform for small and medium-sized enterprises, is scheduled to undergo a systems trial in May before its official launch in August, the report said. 

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