Yet gold trading was reserved for roughly 100 corporate investor members until the debut of paper gold trading products in late 2003.

然而，直到2003年后半年纸黄金交易产品推出之前，只有大约100家会员单位才能在该交易所进行交易。

youdao

If any supplement is necessitated for the trading mode of paper gold, that will be bear operation mechanism.

如果说银行纸黄金交易模式还需要什么补充，那应该是空头操作机制。

youdao

With the international spot gold price taken as reference, the paper gold has nothing to do with margin trading, so the risk involved is relatively small.

以国际现货金价为参照，不涉及保证金交易，风险相对较小。

youdao

At first, they might seem like mostly a precious metals investment product, a speculative vehicle, sort of like trading paper shares in a gold ETF.

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