cross trade

简明释义

外国港口间贸易

英英释义

例句

1.The compliance team reviews all cross trades to ensure they adhere to regulations.

合规团队审查所有的交叉交易以确保其遵守法规。

2.Investors should be cautious about cross trading as it can sometimes lead to price manipulation.

投资者应对交叉交易保持谨慎，因为这有时可能导致价格操纵。

3.The broker executed a cross trade to match the buy and sell orders of two clients.

经纪人执行了一个交叉交易，以匹配两位客户的买卖订单。

4.During the quarterly report, the manager mentioned several cross trades that improved liquidity.

在季度报告中，经理提到了一些提高流动性的交叉交易。

5.In order to avoid conflicts of interest, the firm has strict rules regarding cross trades.

为了避免利益冲突，公司对交叉交易有严格的规定。

作文

In the world of finance and trading, the term cross trade refers to a transaction where a broker executes buy and sell orders for the same security without going through the open market. This type of trade is often conducted between two clients of the same brokerage firm. It can be beneficial for both parties involved, as it allows them to execute trades quickly and efficiently without impacting the market price of the security. However, cross trade also raises ethical concerns and regulatory scrutiny because it can lead to conflicts of interest and a lack of transparency in the trading process.Understanding cross trade requires a grasp of how financial markets operate. In traditional trading, when an investor wants to buy shares of a company, they place an order that goes into the market, where it can be matched with a seller's order. This process ensures that the transaction reflects the current market price. However, in a cross trade, the broker matches a buy order from one client with a sell order from another client directly, bypassing the open market.This method can be advantageous in several ways. For instance, if two clients want to trade the same security at a specific price, a cross trade can facilitate that exchange without causing price fluctuations that might occur if the orders were placed in the public market. Additionally, it can save time and reduce transaction costs for the clients involved. However, the practice of cross trade is not without its risks and criticisms. One major concern is the potential for price manipulation. Because the trade does not occur on the open market, there is a risk that brokers could set prices that do not accurately reflect the market value of the security. This can harm other investors who are unaware of the cross trade and may rely on market prices to make their own trading decisions.Moreover, regulatory bodies have established rules regarding cross trade to ensure fairness and transparency in the financial markets. For example, brokers are often required to disclose cross trades to their clients and ensure that they are executed at fair market prices. Failure to comply with these regulations can result in severe penalties for the brokerage firm, including fines and loss of licenses.In conclusion, while cross trade can offer benefits such as efficiency and cost savings, it is essential for investors to be aware of the potential drawbacks associated with this trading method. Understanding the implications of cross trade is crucial for making informed investment decisions. As the financial landscape continues to evolve, maintaining transparency and integrity in all trading practices will remain a priority for regulators and market participants alike.

在金融和交易的世界中，术语cross trade指的是一种交易，其中经纪人为同一证券执行买卖订单，而不通过公开市场。这种类型的交易通常是在同一家经纪公司之间的两个客户之间进行的。它可以为参与的双方提供好处，因为它允许他们快速有效地执行交易，而不会影响证券的市场价格。然而，cross trade也引发了伦理问题和监管审查，因为它可能导致利益冲突和交易过程缺乏透明度。理解cross trade需要掌握金融市场的运作方式。在传统交易中，当投资者想要购买某公司的股票时，他们会下达一个订单，该订单进入市场，可以与卖方的订单匹配。这个过程确保交易反映当前的市场价格。然而，在cross trade中，经纪人直接将一位客户的买单与另一位客户的卖单匹配，绕过了公开市场。这种方法在几个方面是有利的。例如，如果两个客户希望以特定价格交易同一证券，cross trade可以促进这种交换，而不会导致如果订单在公共市场中被下达时可能发生的价格波动。此外，它可以为相关客户节省时间并降低交易成本。然而，cross trade的做法并非没有风险和批评。一个主要的担忧是价格操纵的潜在风险。因为交易不发生在公开市场上，所以经纪人可能会设定不准确反映证券市场价值的价格。这可能会损害那些对cross trade一无所知的其他投资者，这些投资者可能依赖市场价格来做出自己的交易决策。此外，监管机构已建立有关cross trade的规则，以确保金融市场的公平性和透明度。例如，经纪人通常被要求向客户披露cross trades，并确保以公平的市场价格执行这些交易。不遵守这些规定可能会导致经纪公司遭受严重处罚，包括罚款和失去执照。总之，尽管cross trade可以提供效率和节约成本等好处，但投资者必须意识到与这种交易方式相关的潜在缺点。理解cross trade的影响对于做出明智的投资决策至关重要。随着金融环境的不断演变，维护所有交易实践的透明度和诚信将始终是监管机构和市场参与者的优先事项。