李同學(xué)
2018-05-23 21:53在trading里,crossing system 是什么交易策論?在2010年真題,C題中有提到。有什么特點(diǎn)?
所屬:CFA Level III 視頻位置 相關(guān)試題
來(lái)源: 視頻位置 相關(guān)試題
1個(gè)回答
Irene助教
2018-05-24 16:03
該回答已被題主采納
同學(xué)你好。
crossing system就是crossing network。
Electronic crossing networks are markets in which buy and sell orders are batched (accumulated) and crossed at a specific point in time。就是說(shuō)所有的人先報(bào)價(jià),然后集中競(jìng)價(jià),最終確定價(jià)格。
特點(diǎn)是可以避免:the costs of dealer services (the bid–ask spread), the effects a large order can have on execution prices, and information leakage.
