Research on the features of limit order books under continuous double auction mechanism in the order-driven market is an important field of financial market microstructure theory.
研究指令驱动市场连续竞价阶段的限价指令簿特征是金融市场微观结构理论的一个重要组成部分。
We model the order-driven market based on rational expect framework. In this model, the optimal order submission depends on the price of immediacy and the trader's valuation for the stock.
针对指令驱动市场建立了理性预期的模型，首先说明了交易者的最优指令决定于他对股票价值的估计和股票的即时价格；
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。
This article is also aimed at China's Order-driven stock market, adjustments the relative price Spread in BDSS model, set up the improved BDSS model.
本文还针对我国订单驱动型的股票市场，将BDSS模型中的相对价差进行调整，建立改进后的BDSS模型。
This article is also aimed at China's Order-driven stock market, adjustments the relative price Spread in BDSS model, set up the improved BDSS model.
本文还针对我国订单驱动型的股票市场，将BDSS模型中的相对价差进行调整，建立改进后的BDSS模型。
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