cross trade

简明释义

套购套售交易

英英释义

例句

1.The cross trade 交叉交易 was executed without impacting the market price significantly.

这笔cross trade 交叉交易的执行没有显著影响市场价格。

2.In the financial market, a broker may engage in a cross trade 交叉交易 to match buy and sell orders from different clients.

在金融市场上，经纪人可能会进行一次cross trade 交叉交易，以匹配来自不同客户的买卖订单。

3.The firm has strict regulations regarding cross trading 交叉交易 to ensure transparency.

该公司对cross trading 交叉交易有严格的规定，以确保透明度。

4.During the quarterly review, we discussed the implications of cross trades 交叉交易 on our portfolio.

在季度审查中，我们讨论了cross trades 交叉交易对我们投资组合的影响。

5.Investors should be cautious of cross trades 交叉交易 as they can sometimes lead to conflicts of interest.

投资者应对cross trades 交叉交易保持警惕，因为这有时会导致利益冲突。

作文

In the world of finance and trading, the term cross trade refers to a transaction in which a broker buys and sells the same security for different clients at the same time. This practice can be beneficial for both the broker and the clients involved, as it allows for more efficient execution of trades and can sometimes lead to better pricing. However, it also raises ethical questions and regulatory concerns, particularly regarding transparency and potential conflicts of interest.To understand the implications of cross trade, it is essential to consider how it operates within the financial markets. When a broker executes a cross trade, they effectively match buy and sell orders from different clients without sending the orders to the open market. This can save time and reduce transaction costs, especially in situations where large volumes of securities are being traded. For example, if one client wants to sell shares of a particular company and another client wants to buy those same shares, the broker can facilitate this transaction internally, avoiding the need for external market involvement.However, the practice of cross trade is not without its challenges. One major concern is the lack of transparency that can accompany these transactions. Since the trades are executed off the public exchanges, it may be difficult for other market participants to see the true supply and demand for a security, potentially leading to price distortions. Furthermore, there is the risk that brokers might prioritize their own interests over those of their clients, particularly if they stand to gain from executing cross trades.Regulatory bodies have implemented various rules to govern cross trades to ensure fairness and protect investors. For instance, brokers may be required to disclose details about cross trades to their clients, including the prices at which the trades were executed and the rationale behind them. Additionally, some regulations stipulate that brokers must obtain consent from clients before engaging in cross trades, ensuring that clients are fully informed about the nature of the transaction.Despite these challenges, cross trades can still play a valuable role in the trading ecosystem. They can provide liquidity to the market, allowing clients to buy and sell securities more quickly and efficiently. Moreover, when executed fairly and transparently, cross trades can help clients achieve better pricing than they might receive on the open market, particularly for large trades that could otherwise impact a security's price.In conclusion, while cross trade represents a useful tool in the arsenal of financial brokers, it is crucial for both clients and regulators to remain vigilant about the potential pitfalls associated with this practice. By promoting transparency and ethical standards, the financial industry can harness the benefits of cross trades while minimizing the risks, ultimately leading to a more efficient and fair trading environment for all participants.

在金融和交易的世界中，术语交叉交易指的是经纪人为不同客户同时购买和出售相同证券的交易。这种做法对经纪人和参与的客户均有利，因为它允许更高效地执行交易，有时也能导致更好的定价。然而，它也引发了伦理问题和监管担忧，特别是关于透明度和潜在利益冲突的问题。要理解交叉交易的影响，有必要考虑它在金融市场中的运作方式。当经纪人执行交叉交易时，他们实际上是在没有将订单发送到公开市场的情况下，匹配来自不同客户的买卖订单。这可以节省时间并减少交易成本，特别是在大量证券被交易的情况下。例如，如果一个客户想要出售某公司的股票，而另一个客户想要购买这些相同的股票，经纪人可以在内部促进这一交易，避免外部市场的参与。然而，交叉交易的做法并非没有挑战。一个主要的担忧是，这些交易可能缺乏透明度。由于交易是在公共交易所之外执行的，其他市场参与者可能难以看到证券的真实供需情况，可能导致价格扭曲。此外，还有经纪人可能优先考虑自身利益而非客户利益的风险，特别是如果他们从执行交叉交易中获益的话。监管机构已实施各种规则来管理交叉交易，以确保公平并保护投资者。例如，经纪人可能需要向客户披露有关交叉交易的详细信息，包括交易执行的价格和背后的理由。此外，一些规定要求经纪人在进行交叉交易之前必须获得客户的同意，以确保客户充分了解交易的性质。尽管面临这些挑战，交叉交易仍然可以在交易生态系统中发挥重要作用。它们可以为市场提供流动性，使客户能够更快速、更高效地买卖证券。此外，当交叉交易公平且透明地执行时，可以帮助客户获得比公开市场上更好的定价，尤其是在大型交易可能影响证券价格的情况下。总之，虽然交叉交易代表了金融经纪人的一项有用工具，但客户和监管者都必须对与此做法相关的潜在陷阱保持警惕。通过促进透明度和道德标准，金融行业可以在最大限度地减少风险的同时，利用交叉交易的好处，从而为所有参与者创造一个更高效和公平的交易环境。