...表现出许多不同的特征,但最大的不同就在于我国采用电脑撮合自动交易系统即我国证券市场是一个指令驱动市场(order driven market),所以对于指令驱动市场条件下的流动性和微观结构的研究就是非常有必要的而且紧迫的,这也必将成为今后理论和实证研究的一个热点...
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Order-Driven Market 订单驱动市场
an order-driven market 指令驱动市场
pure order-driven market 纯限价指令市场
order-driven competitive market 委托驱动的连续竞价市场
The role of the market Maker on Toronto Stock Exchange (TSX) is to augment liquidity, while maintaining the primacy of an order-driven continuous auction market based on price-time priority.
做市商在多伦多证券交易所(TSX)的作用是增加流动性,同时在价格优先,时间优先的基础上保持订单驱动的连续拍卖市场。
In a quote-driven market, bid-ask spread is composed of order processing costs, stock holding costs and asymmetric information cost.
在报价驱动交易机制下,买卖价差由指令处理成本、存货成本和非对称信息成本构成。
Then this paper models the measurement of probability of informed trading in an order-driven stock market of China on the basis of stock transaction data.
根据知情交易者和未知情交易者行为,构建了交易者序贯交易过程。
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