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一、多层次证券交易体系是全球证券交易体系的发展方向 １、美、日、英多层次证券交易体系。 证券交易市场一般分为两类：场内交易市场和场外交易市场（ＯＴＣ）。美国具有世界上最发达的证券交易体系。美国的场内交易市场和场外交易市场是分立而设的。场内交易是在有形的证券?
First, the multi-level securities trading system is the development of the global securities trading system 1, the United States, Japan and Britain multi-level securities trading system. Stock exchanges generally fall into two categories: on-market and over-the-counter markets. The United States has the world’s most advanced securities trading system. The U.S. market for on-exchange and over-the-counter markets is separate. Is trading in physical securities?