我国票据市场建立做市商制度研究

On Establishing Bills Market Maker System

在我国票据市场引入做市商制度,可以起到稳定市场价格、活跃市场交易、提高市场运行效率以及辅助央行开展货币政策调控等作用。建立票据市场做市商制度,要设计有效的做市商运行机制,搭建票据做市业务系统平台,加大政策支持,落实做市商权利,建立做市商分层体系,同时完善做市商考核约束和信息披露机制。

The introduction of market maker system in China＇s bill market can stabilize the market price, active market transactions, improve the efficiency of market operation and assist the central bank to carry out monetary policy regulation and so on. To establish bills market maker system is to design an effective market maker mechanism, to build the bill market making business system platform, to increase policy support and implement the market maker fights, to establish market maker hierarchical system, and to improve maker check constraints and information disclosure mechanism.