Open Grefer opened 4 years ago
https://www.melonsblog.cn/2020/01/reading-46-exchanges-otc-derivatives.html#more
Exchanges set specific prices and standardize contracts. They do not negotiate prices bilaterally. Price negotiation through a bilateral process is a feature of the OTC derivatives market.
https://www.melonsblog.cn/2020/01/reading-46-exchanges-otc-derivatives.html#more