There are two kinds of funds, one is OTC and the other is OTC. OTC funds refer to funds purchased by banks, fund companies and securities companies on a commission basis, that is, funds purchased outside the stock exchange market. This kind of fund can only be purchased and redeemed, and cannot be traded.
On-market funds refer to funds bought in the stock market and can be traded freely like stocks.
What's the difference between on-site trading and off-site trading?
The difference between them is that the trading channels are different, the trading objects are different and the trading rates are different.
Trading channels are different: on-site trading is conducted by securities company software after opening an account, and off-site trading can be conducted through bank counters, online banking, securities company counters and fund companies.
Trading object: floor trading often refers to closed-end funds and listed open-end funds. OTC can not only make fixed investment, but also transfer funds, including open-end funds, LOE funds and some ETF funds;
The exchange rate is different: generally speaking, the exchange rate of off-exchange transactions is higher than that of off-exchange transactions, and the handling fee will be higher than that of off-exchange transactions.