市场交易

Ouyang Zehua expresses, card inspect meets will from 4 fields standard " size is not " decrease oppose action: Above all, a large amount of rich trading means, improve a large amount of trading efficiency; The 2nd, increase financing chance for the enterprise, abound financing means, if issue convertible debenture to wait, lest " size is not " partner changes in the absense of capital what hold a share now; The 3rd, the standard decreases those who manage partner to make over behavior, strengthen information exposure; The 4th, from the point of view that balances market supply demand relations, coordinate concerned branch, drive the long-term investor such as fund of insurance company, social security, annuities actively to share the stock market, increase market fund supply, alleviation market supply demand relations.

欧阳泽华表示，证监会将从四个方面规范"大小非"减持行为：首先，丰富大宗交易方式，改进大宗交易效率；第二，为企业增加融资机会，丰富融资方式，如发行可交换债券等，以免"大小非"股东由于缺少资金而变现所持股票；第三，规范减持股东的转让行为，加强信息披露；第四，从平衡市场供求关系的角度，协调有关部门，积极推动保险公司、社保基金、养老金等长期投资者参与股市，增加市场资金供给，缓和市场供求关系。

Trade mode partrecites the operation model power transmission market and detailedly discusses theprice system of power transmission market; on the basis of electrovalence system ofpower transmission, it calculates and analyses province-stridden power transmissionexpenses combining the actualities of countrywide provincial trade and the actualcircumstances of provincial power transmission of middle-Chinese power grid; itrelates to the mode of big power consumers directly purchasing electricity andfinance instrument of power transmission market.

交易模式部分中叙述了输电市场的运营模式，对输电市场的价格体系做了详实的论述和相应的探讨；在输电电价体系的基础上，结合全国省间交易的现状和华中电网跨省输电的实际，对跨省输电费用进行了相关的测算和分析；涉及了大用户直购电模式和输电市场的金融工具。

Thus, it is an important and urgent task to search for fitful methods and systems to manage risk.

在金融市场中，外汇保证金交易是外汇市场近几年出现的新交易形式，它的市场收益高，但风险很大。

Of, relating to, or being a market in which payment or delivery is immediate

现场交易的货到时付的或现付的，交易等当时支付现金的与市场相关的或市场的，在此种市场中现金支付和交割即时进行

We hope to recommend enterprises with good credit, to help the two sides to prevent credit risk and reduce costs, to create market opportunities for enterprises. We hope to limit the living space of enterprises without trust, to regulate the market order, to promote the healthy development of all fields, further to build a harmonious society and create a good market environment for the stable and rapid development of the national economy.

我们希望能够通过这本名录，向国内外推荐信用良好企业，帮助交易双方防范信用风险，降低交易成本，为信用企业创造更多的市场机遇，不断限制失信企业的生存空间，逐步规范市场秩序，推动各行各业健康发展，为构建和谐社会和保障国民经济平稳较快发展创造良好的市场环境。

Bringing together the stock markets of four European countries (Belgium, France, the Netherlands and Portugal), the NYSE Euronext European platform is Europe's largest exchange by market capitalization of its listed companies and by trading volumes on the central orderbook: a model that concentrates market liquidity to achieve the best prices for buyers and sellers of stocks.

纽泛交易所汇集4个欧洲国家（比利时、法国、荷兰和葡萄牙）的股票市场，它的欧洲交易平台凭借中央交易系统上市公司的市场股本和成交量成为欧洲最大的交易所：通过汇集市场流动资金，使股票的买卖双方达成最佳成交价格。

Chairman张宝全think, should not be "land transaction", said the change has become a "market" will be the impact of changes in the form of land transactions, the developer of the powerful is a good thing, the real estate market is a good thing, This will re-enact the real estate market rules of the game.

今典集团董事长张宝全认为，不应该是"土地交易"，说的变化已成为一个"市场"将是变化的影响的形式，土地交易中，开发商的强大是件好事，对房地产市场是一件好事，这将重新制定房地产市场的游戏规则。

Interdelivery spread as a kind of arbitrage is very important as to the price discovery, market activity and risk management.

跨期套利作为套利交易的一种操作方式，在期货市场上对于价格发现，增加市场流动性，规避风险都有重要的作用，因此研究和倡导套利交易对于发展与稳定期货市场是必要的。

The second part is the basic trading forms of the future market and the ways by which various entities participate in the distribution of the surplus value. The basic trading forms of the future market include the arbitrage, the speculation trade, the stock option trade and the stock swap.

期货市场的基本交易形式包括套期保值交易形式、投机交易基本形式、期权交易形式和互换交易形式，每一种交易形式都有其经济学原理。

The results are consistent with the interpretation that positive intangible information tends to trigger institutional herding on the buy side.3. The securities Investment Funds act as momentum traders in bear market while as contrariant traders in bull market. Further analysis reveals that momentum trading by investment funds intensifies stock return momentum but stock price experiences a long-term reversal. It indicates return momentum results from mispricing instead of risk. The securities Investment Funds hamper market efficiency when they act as momentum traders.4 Both momentum trading and herding behavior intensify market anomalies and hamper market efficiency. However, momentum trading or herding behavior is the only one of the many aspects of the institutional investor.

第三，机构投资者的动量交易行为会加重了股票收益惯性，这一结论在分别控制股票规模、账面市值比因素后仍成立，并且机构投资者对股票的动量交易行为越强烈，股票收益的惯性也越明显，说明机构投资者具有影响股票价格的能力；进一步的分析表明，惯性利润在长期均实现反转，但反转的周期和程度受动量交易指标值的影响，股票动量交易程度越高，动量收益反转越强烈，反转周期越短，这表明机构投资者的动量交易行为使股价严重偏离其基础价值，在长期，股票价格不断调整逐渐靠近其基础价值，因此可以说，机构投资者对股票的动量交易行为会加重股票收益惯性和阻碍市场效率。

However, as the name（read－only memory）implies, CD disks cannot be written onorchanged in any way.

然而，正如其名字所指出的那样，CD盘不能写，也不能用任何方式改变其内容。

Galvanizes steel pallet is mainly export which suits standard packing of European Union, the North America. galvanizes steel pallet is suitable to heavy rack. Pallet surface can design plate type, corrugated and the gap form, satisfies the different requirements.

镀锌钢托盘多用于出口，替代木托盘，免薰蒸，符合欧盟、北美各国对出口货物包装材料的法令要求；喷涂钢托盘适用于重载上货架之用，托盘表面根据需要制作成平板状、波纹状及间隔形式，满足不同的使用要求。