交易所

12 If the Grey Market Security do es not come to listing on any relevant exchange, CMC Markets

如果该灰色市场证券未能在相关交易所挂牌上市，在考虑了未能挂牌上市的情况后，CMC

The floors are done in a matching plush carpet with black floor mats up front.

交易所在前面上面被做在一个匹配中长毛绒和黑色的交易所的地毯席包。

This summer, london stock exchange the decision abandons using those who be based on Microsoft.

今年夏天，伦敦股票交易所决定放弃使用基于微软。

Using Basket warrants transaction data on TSEC from September 4, 1997 to June 25, 2001, the combination of four volatility models classical history volatility,Parkinson's(1980 high, low history volatility model,Garman and Klass's(1980) high, low, opening, closing history volatility model,Trippi's(1977) equal weights implied volatility model with two pricing models Black and Sholes's(1973 option pricing model, henceforth BS pricing model,Chen and Cheng's(2000) basket option pricing model, henceforth CC pricing model are discussed on valuation performance to obtain superior basket warrant pricing model.

摘要本文利用1997年9月4日至2001年6月26日间在台湾证券交易所发行且已到期的组合型认购权证，使用四种波动性估计模型历史波动性模型，Parkinson(1980的最高，最低价历史波动性模型，Garman and Klass(1980)的最高，最低，开盘，收盘价历史波动性模型，Trippi(1977)的等加权平均隐含波动性模型与Black and Sholes(1973)选择权评价模式，陈松男与郑翔尹(2000)的组合型权证评价模式配对成八种评价模式，并比较其评价绩效，冀期能得到一较佳的组合型认购权证评价模式。

Using Basket warrants transaction data on TSEC from September 4, 1997 to June 25, 2001, the combination of five volatility models classical history volatility; Parkinson's(1980 high, low history volatility model; Garman and Klass's(1980) high, low, opening, closing history volatility model; Trippi's(1977) equal weights implied volatility model; Bollerslev's(1986)GARCH volatility model with two pricing models Black and Sholes's(1973 option pricing model, henceforth BS pricing model; Chen and Cheng's(2000) basket option pricing model, henceforth CC pricing model are discussed on valuation performance to obtain superior basket warrants pricing model.

本文利用1997年9月4日至2001年6月26日间在台湾证券交易所发行且已到期的组合型认购权证，使用五种波动性估计模型历史波动性模型、Parkinson(1980的最高、最低价历史波动性模型、Garman and Klass(1980)的最高、最低、开盘、收盘价历史波动性模型、Trippi(1977)的等加权平均隐含波动性模型、Bollerslev(1986)的GARCH波动性模型与Black and Sholes(1973)选择权评价模式、陈松男与郑翔尹(2000)的组合型认购权证评价模型(CC组合型认购权证评价模型)配对成十种评价模型，并比较其评价绩效，冀期能得到一较佳的组合型认购权证评价模型。

Commodity brokers in the Corn Exchange reacted swiftly to news about crop failure in N.

谷物交易所的商品经纪人对北美作物歉收的消息做出迅速反应。

Commodity brokers in the corn exchange reacted swiftly to news about crop failure in n.america.

谷物交易所的商品经纪人对北美作物歉收的消息做出迅速反应。

This tension between banks and hedge funds is music to the ears of exchanges.

银行和对冲基金间的紧张局势让交易所感到很开心。

On the island of Goree, for example, just off the coast of Senegal, there's the Slave House.

比如离塞内加尔海岸线不远处的戈雷就有一个奴隶交易所。

Although futures markets are changing and becoming more electronic, they are still important risk management tools for farmers and present financial opportunities for all manner of hedgers and arbitrageurs.

自那时以来，期货市场已被复制在世界各地，让各种未来的风险对冲，金融和其他。在美国，芝加哥商业交易所和芝加哥期货交易一直是最流行的期货交易市场。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。