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为了迎合市场的发展和投资者需求的变化,确实保护投资者的利益,同时有利于监管的需要,我国的佣金制度经历了从固定佣金制度向最高限额内向下浮动佣金制度的转变。我国的佣金制度以2002年为分界点,之前实行固定佣金制度,2002年5月开始实行最高限额内向下浮动佣金制度。在最高限额内浮动佣金制度下,市场的参与者越来越利用其漏洞和弊端进行竞争,甚至出现恶性竞争,各家券商为了扩大市场份额,佣金价格战可谓硝烟弥漫,各地甚至出现了各种“价格联盟”。
In order to cater to the development of the market and changes in investor’s needs, and indeed to protect the interests of investors and to the need of supervision, our commission system has undergone a change from a fixed commission system to a floating commission system within the maximum limit. The commission system in our country took the year 2002 as the dividing point, before implementing the fixed commission system. In May 2002, the commission system for the ceiling of inward and outward movements was introduced. Under the floating ceiling commission system, market participants are increasingly using their loopholes and malpractices to compete and even vicious competition. In order to expand market share, various brokerage commissions are filled with smoke and various kinds of commissions appear everywhere “Price Alliance ”.