On-floor trading refers to trading only in the exchange. All orders are settled through the exchange, and the trading is conducted according to the standard contract. Over-the-counter trading is the activity of trading in the over-the-counter market instead of in the foreign exchange exchange.

The main differences between them are:

1. The transaction costs are different. The on-site transaction rate shall not exceed .3% of the transaction amount. After the on-site transaction is bought, T+1 can be sold, and the funds will be received at T+1. After the sale, it can be bought again immediately. Over-the-counter transactions are mainly expenses such as subscription and redemption.

2. The trading time is different. On-site trading shall comply with the stock trading hours, that is, 9: 3-11: 3, 13: -15: (Monday to Friday); Over-the-counter trading can be done at other times besides stock trading hours (but not at that time).

3. There are different types of funds that can be traded. The types of funds traded on the floor mainly include: closed-end funds, LOF, ETF and graded funds; The types of funds traded over the counter are mainly open-end funds. Extended information

The advantages of on-site funds mainly include: low transaction costs; Convenient to buy and flexible to trade; There are some specific varieties, such as graded fund A and B shares, ETF and so on. Resources

Baidu Encyclopedia: OTC trading

Baidu Encyclopedia: OTC trading.