market maker 中文意思是什麼

market maker 解釋
【商業】（股市上的）旺市製造者。

  • market : n 1 （尤指牲畜和食品的）集市；市場；菜市，菜場。2 需要，銷路；推銷地區。3 市價；行情，市面，市況...
  • maker : n. 1. 製造者，製作人，製造商；創造者；出票人。2. 〈our, his, the M-〉 造物主，上帝。3. 〈古語〉詩人。4. 【電學】接合器。
  1. The result of this paper were : 1 ) the market mircrostructure of chinese stock is ' nt market maker, two - part stock can n ' t circulate and the scale of current stock is small, so, filling right effect make dividend event do n ' t diluate the price, the stock price could n ' t reach optimal price ; 2 ) the meanings of bid - ask speed in chinese has been changed, did n ' t reflect the real trade cost, only reflect the possible trade cost, contained desire of price popple, din n ' t belong absolute liquidity again ; 3 ) turnover rate is a liquidity ' s index, speculation ' s index too, which can explain one side of liquidity, but this index is defective in chinese stock market ; 4 ) martin index was decrescent when dividend event occurred, display the liquidity of stock was improved, so, the martin index is compatible index to measure chinese stock liquidity ; 5 ) stock dividend event affect the liquidity in the stock dividend day, stock dividend event can n ' t dividend event in the bulletin day ; 6 ) the quantity stock dividend and trend of stock market was significant factors that affect the liquidity

    本研究的結論是： 1 ）中國股票市場的微觀交易結構並不是採取做市商制度，且2 3的股票不能流通，流通股規模很小，存在著股票股利事件后的快速「填權」效應，使股票價格快速回升，股票股利發放事件的稀釋價格作用無法發揮，也就無法達到「最適價格」 ； 2 ）中國股市的買賣價差的含義發生了變化，不再是實際交易成本的反映，只是可能交易成本的反映，因而很大程度上代表了股價的波動意願，並不具有完全意義上的流動性含義。 3 ）就換手率而言，它既是流動性的衡量指標，也是最常用的衡量投機性的指標。換手率指標只能說明流動性的一個側面，在中國衡量流動性是有缺陷的。
  2. When requirements are met pure market maker system should not be used because of its shortcomings in nature, either. a better way to solve the problem is that we may adopt the long suits of the two trading system ; ( 5 ) the stopping transacting system : the writer suggests that it ' s the stock exchange that should decide which stock meet the requirement of stopping transacting

    （ 4 ）在二板市場的交易制度上，由於我國的現實條件；筆者認同已出臺的創業板市場咨詢文件的觀點，即在二板市場設立之初，暫不實行報價驅動交易制度（做市商制度） ，而沿用委託指令驅動制度（競價交易制度） ，待條件成熟后再實行報價驅動交易制度（做市商制度） 。
  3. Market maker rule perfection in our security marke

    做市商制度與我國證券市場的完善
  4. Rcmm registered competitive market maker

    注冊的競爭市場自營商
  5. Research about introducing market maker rule into second board market

    創業板市場引入做市商制度的研究
  6. Necessity of establishing market maker system in second board market

    論創業板市場實行做市商制度的必要性
  7. Nasdaq market - maker system and its referential experiences

    市場的做市商制度及其經驗借鑒
  8. Market maker system and aggregate auction system are two basic pricing mechanism in securities market

    摘要做市商制與集中競價制是證券市場兩種基本的價格形成機制。
  9. Then, the article makes an analysis and comparison between market maker system and auction system, regarding to market running mechanisms and market performance

    在此基礎上，運用比較的方法通過具體的實例分析了競價制和做市商制在市場績效? ?流動性、穩定性、透明度和交易成本四方面的優缺點。
  10. As the futures options is introduced, the market shows a much stronger need for s a market maker system, an efficient way to active and regulate the market and provide liquidity

    期貨市場要發展，就需要進行制度創新。做市商制度具有活躍市場、穩定市場的功能，是提高市場流動性和規范發展市場的有效手段。
  11. After reviewing the quote from the recommending securities firm, if an investor is interested in trading, the following two ways can be used : 1 entrusts a broker : on be half of the investor, brokers may proceed to negotiate with market makers and settle the price according to the appointed price by the investor ; but the designated trade orders automatically become undesignated after 20 minutes if the orders remain unmatched. 2 direct negotiation : negotiate with the market maker directly via phone or in person if their order volume is above 100, 000 shares

    如果投資人的委託價格達到推薦證券商的報價價格範圍時起五分鐘內，推薦證券商必須在他的報價數量范圍內至少一仟股負點選成交的義務但推薦證券商已無庫存部位者，得免賣出報價及成交義務推薦證券商持有部位已達原始推薦數量三倍以上者，得免買進報價及成交義務。
  12. Note 2 : the actual effective date shall be that specified by hkfe in the market maker permit granted to the applicant

    附註2 :確實的生效日期將詳列于期交所向申請人發出之莊家執照內。
  13. Under this circumstance, our treasury bond market exits lots of shortfalls which impede further development for this market. in this essay, combining with the experience in developing country " s experience, it analyses some challenges which confronted chinese bond market, such as liquidity in the interbank market has yet to be improved, duration in bond products are yet to be rational, a sound yield curve is yet to be take shape, the separation between exchange and interbank yet to be broken. in order to solving above issues, this essay suggests that it should develop market maker system to increase market liquidity ; manage balanced treasury bond ; issue short and long term treasury bond in proportion to improve duration and yield curve ; develop bond derivative products such as future trading, open style repurchasement, so it can provides tools for risk protection

    但隨著我國經濟的快速發展，金融市場已今非昔比，中國成為了世貿組織的成員，中國資本市場要走向國際化，利率的市場化是大勢所趨，在此前提下，我國國債市場還存在著很多不足，越來越阻礙著國債市場的進一步發展，本文結合世界發達國家的先進經驗，剖析了我國國債市場存在的一些問題如：流動性有待改善、國債期限結構不合理、無法形成科學合理的益率曲線、交易所市場與銀行間市場割裂等，為解決這些問題，本文建議應發展做市商制度以提高市場流動性；實施國債余額管理，發行短期國債及長期國債，改善國債期限結構，以形成科學合理的收益率曲線；發展債券衍生金融創新工具如國債期貨交易、開放式回購等，為投資者提供避險工具等等。
  14. Potential market maker

    未來的市場作價者
  15. In the first part, this paper began with a thorough and systematic research on market maker system. the futures market maker system is defined based on the securities market maker system. the paper also analyzed the type, function, operation and risk control of this system and clarified the wrong conception of market maker and manipulator

    對做市商制度的類型、功能、運作機理、風險管理進行了闡述和分析，並澄清了把做市商混同為莊家的錯誤認識，對我國當前證券期貨市場在做市商制度研究和運用方面的探索進行了總結和回顧。
  16. Competitive market maker is a kind of " transparent banker " mechanism, which is widely adopted in the overseas developed markets

    競爭性做市商制度實際是一種「明莊」制度，在國外成熟證券市場有著廣泛的應用。
  17. In chapter3, information is divided into two basic types, the marginal equation of bond price and short - term interest variations is established, thus the security price variations and the price equilibrium of other assets ( risk security non - risk security are included ) are analyzed by the implement of portfolio theory. finally the bond value equation which takes equilibrium return as its yield parameter is established through the theory of comparative return. in chapter 4, the intra - information and the transferable system of price is emphasized and the market - maker model and expected model under non - perfect information market conditions are established, and the disaccord of the influence of extra - information and intra - information on the security price is discussed

    第三章將債券的價格均衡劃分為兩大基本類型，建立了債券與短期利率變動的邊際方程，運用組合原理分析債券價格變動與其它資產（包括風險證券和無風險證券）的價格均衡關系，通過比較收益原理建立了債券以市場均衡收益為折現參數的價值方程，並通過實證檢驗了該模型的合理性；第四章，分析了內部信息與價格的傳導原理，建立了非完全信息市場條件下價格傳遞信息的做市商模型和預期模型，並討論外部信息與內部信息對股票價格影響的非一致性。
  18. Auction mode market maker system are two main trading system of security market. the introduction of market maker system to china is the objective demand to evolution rules of security market

    競價市場的基本特徵是，證券交易價格的形成是由買賣雙方直接決定的，投資者交易的對象是其他的投資者，不需要做市商的介入。
  19. In the present circumstances where, with capital account controls, the pboc is the main market maker in the foreign exchange market, the task is a relatively simple one

    在資本帳管制下，現時人行在外匯市場擔任主要的市場莊家，要調節匯率較為容易。
  20. Second, introduce market maker rule to improve the mobility of the market

    上市公司要加強內控建設，完善公司的治理結構。
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