市场交易

The statistical test based on the Shanghai Composite Index suggested that certain technical trading rules should be able to gain stable excess profit in the long run, which could not be explained by nonsynchronous trading, transaction cost and time variation of expected returns. Thus, it can be concluded that the China's Stock Market is not weakly efficient.

对上证指数的统计检验说明一些技术分析规则可以带来长期、稳定的超额利润，而有效市场假定下的异步交易、交易成本和期望时变性都不能完全解释这种超额利润的存在，因此可以得出中国证券股票市场还没有达到弱态有效性的结论。

Internet causes remarkable impact on consumer behaviors, market structures or transaction ways profoundly. What E-commerce can serve not only just confined to transaction convenience but reversely extended to individualized service, together with the integral service of financial products available. Thus, the E-mechanisms created by firms cannot only improve service quality and competence, but also satisfy customers' demands with resultantly expanded markets accessible. Also, under no limitation of regional, national or timing boundaries, it is available for consumers to use the service through a single website and also allow consumers with all-round service scopes to hold customers' confidence and explore new customer resource.

网际网路对於消费者的行为、市场结构或交易方式，皆产生了重大的冲击，影响层面极为深远，它所提供的不只是便利的交易，还进一步的提升到个人化服务，以及金融商品的整合服务，因此企业建立客户服务作业 e 化机制，不仅可以提升服务品质、强化竞争力，进而满足顾客的需求，更加以扩大市场涵盖率，且在无地区、无国界、无时间限制下，让客户透过单一网站使用服务，而唯有让顾客得到最完善的服务，才能稳住顾客信心，进而开拓新客源。

Be a large-scale, the file time is high, the equipments perfect and super and large business sail mothe r － the Shanghai Caoan machinery mark, be have a foothold in the high point of departure, high personal status on the programming, on the design the principle that persistence" make people the center", press the factory's principle of management fixed position: Break the tradition is subjected to be limited by the shop front, the office building demonstration space small, depend the mode of the manpower sale, provided to gather the demonstration and play to show, trade etc.

作为一座规模大、档次高、设备完善的超大型商业航母——上海曹安机械市场，在规划上立足于高起点、高品位，在设计上坚持&以人为本&的原则，按厂商的经营理念定位：打破传统受限于店面、写字楼展示空间小，靠人力销售的模式，为厂商提供了集展示、演示、交易等多功能为一体的超大型商业舞台，不仅扩大了行销通路，解决了库存现货的压力，同时让厂商仿佛拥有一组阵容强大的幕群，能随时随地掌握市场动态，降低销售成本，实现常年展示、天天交易。

A foreign company can trade on the New York stock exchange (1)by placing some of its shares in the bank. An American depositary receipt is given in place of the stock, and can be traded on their exchange.

一家外国公司要想在纽约证券交易市场上买卖股票，只需要将一部分股票交给银行保管，然后用美国信托证券用来代替这些外国公司的股票，因而能在美国市场上交易。

Whether trading gossip, gold or grain, people came together to give and take in a manner that was both social and, with luck, economically beneficial. Marketplaces, the forerunners of exchanges, were the heart of early financial centres.

不论是交换小道消息，黄金还是谷物，人们都需要走到一起，通过既符合社会存在，又有幸运在内，使双方都有经济效益的交换方式，交易市场，即金融交易市场的前身，是那些早期金融中心的核心。

Meanwhile , because of the existence of arbitrage , the market flowability is greatly boosted and the hedgers have enough market capability to realize their dealing intentions .

同时，由于套利交易的存在，使得市场流动性大大增强，套期保值者有了足够的市场容量来实现他的交易目的。

The London stock exchange was a closed shop, marked by an antiquated division between brokers who brought the business and jobbers who made markets in shares.

伦敦证券交易市场过去是一个封闭的市场，令人垢病的是其过时的分类：进行交易的股票经纪人和负责做市的股票做市商。

Subsequently, in June 2003, Tianjin has formulated and implemented a "compensation for the use of state-owned land in Tianjin methods" to determine the establishment of Tianjin Land Consolidation Center as the city's land acquisition, reserves the sole body to determine the establishment of land in Tianjin Trading Center as the city only the land market and land transactions in the specialized agencies, thereby ensuring the land market of government monopolies and centralized and unified management of the city's land.

随后，在2003年6月，天津已制定并实施了&有偿使用国有土地在天津方法&，以确定建立天津土地整理中心作为城市的土地收购，储备的唯一机构，以确定建立在天津土地交易中心作为唯一的城市土地市场和土地交易专门机构，从而保证了土地市场的政府垄断和集中统一管理城市的土地。

Scalpers reduce the number of variables effecting market risk by being in a position only for seconds.

&剥头皮&这种只交易几秒钟的方法减少了影响市场风险的变数；日内交易减少市场风险的方式是只持仓几分钟。

This article tries to include transaction costs in pricing method and replication strategy of the most popular interest rate derivatives in market, Cap and Floor. The research is under Miltersen, Sandmann, and Sondermann (1997) framework.

本篇论文则试著将交易成本的问题导入利率选择权市场，在Miltersen， Sandmann， and Sondermann (1997)等人提出的市场模型架构下，探讨交易成本对利率上、下限选择权的评价与复制策略。

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。