The market maker

Apply the market maker system ;

引入造市商制度；

As a matter of fact , effective supervision is an important part of the market maker system .

事实上，有效的监管是做市商制度的重要组成部分。

Still , Apple is the market maker .

尽管如此苹果还是市场的引领者。

The market maker system adopted by the developed bond market gives us some reference when discussing chinese bond market system .

发达的证券市场采用的做市商制度，为探讨我国银行间债券市场交易机制的改革提供了借鉴。

Securities market trading system , auction system and the market maker system is a two core trading system of the international securities markets .

在证券市场的交易制度中，竞价交易制度和做市商制度是世界国际证券市场交易制度的两大核心。

Spread Maintenance-Measures the Market Maker 's ability to call a2-sided market .

传播维护-衡量做市商的双面市场能力。

Comparative Research of Chinese Small or Medium-sized Enterprises Board and Foreign Growth Enterprise Market ; Briefly on the Market Maker System with Over the Counter Quotation

我国中小企业板与国外创业板市场的比较研究二板市场做市商制度浅析&兼论中国二板市场的建设

Because you deal directly with the market maker via a purely electronic online exchange , you eliminate both ticket costs and middleman brokerage fees .

由于你直接通过一个电子在线系统与市场交易者进行交易，所以你完全去除了票据成本和中间商费用。

Generally speaking , the market maker mechanism does have an edge over auction mechanism and should be the orientation for further development and optimization of our interbank bond market .

所以，总体而言，在银行间债券市场做市商制优于询价制，应该作为未来我国银行间债券市场交易机制优化与发展的方向。

But the market maker , American wine critic Robert Parker , was decidedly lukewarm about the 2004s and so prices have stagnated .

然而酒市专家、美国葡萄酒评论家罗伯特•帕克（RobertParker）却对2004年葡萄酒表示出坚定的冷淡，因此该年份的酒价一直停滞不动。

Knight Capital , the market maker at the centre of the latest malfunction in electronic share trading , bills itself as : " the science of trading , the standard of trust . "

近日遭遇电子股票交易故障的美国做市商KnightCapitalGroup以“交易科学，信任标杆”作为宣传语。

Although these artificial transactions traders are not market makers in deed , they already behave like a market maker and already get all the market maker characteristics . We call these ones virtual market makers .

本文则认为这些交易者虽然不是真正意义上的做市商，但他们事实上从事了做市商的行为，并具有做市商的特征，我们称其为虚拟做市商。

The market maker rule is an outcome of the innovation of Securities System with a history of nearly forty years , which makes a huge success in the market of NASDAQ Stock Exchanges and imitated by many countries .

做市商制度是证券制度创新的产物，已有近四十年历史，在美国纳斯达克股票交易市场取得巨大成功，后为各国所效仿。

Discussion About the Development of Market Maker System in Bond Market of China

论我国债券市场做市商制度的发展

A Tentative Discussion on the Transplantation of Market Maker System

浅议做市商制移植

The Foreign Exchange Market Maker System and Its Influence on the RMB Exchange Rate Formation Mechanism

外汇做市商制度及其对人民币汇率形成机制的影响

The Difference between Market Maker and Market Manipulator

做市商与庄家控制市场的差异

Though Chinese GEM has not introduced market maker trading system , but the introduction of market maker trading system is necessary and feasible .

我国创业板市场虽然未引入做市商交易制度，但做市商交易制度的引入是必然的、可行的。

The transplantation of market maker system is a systematic project , involving several relevant regulations , which presents a high demand on our legislations and legal practice .

做市商制的移植将是一个系统工程，涉及到多项相关制度，并对我国立法与实务水平提出了较高要求。

The Theory of Market - maker and its Application in China

做市商理论及其在我国的应用

The Development of the Market maker and Bond Market Among Banks

做市商制度与银行间债券市场的发展

Also , I pointed out that the OTC transaction and market maker system are the mainstream of bond market transaction .

首先，在市场微观结构基本框架的理论基础上，分析了债券市场微观结构及交易机制的特点，指出场外交易和做市商制是国际上债券市场交易方式的主流。

The role of the Market Maker on Toronto Stock Exchange ( TSX ) is to augment liquidity , while maintaining the primacy of an order-driven continuous auction market based on price-time priority .

做市商在多伦多证券交易所（TSX）的作用是增加流动性，同时在价格优先，时间优先的基础上保持订单驱动的连续拍卖市场。

At first , we set up the trading system on the condition of market maker , establish a trading model of perfectly rational traders , and then define herding equilibrium .

首先建立信息交易者完全理性下的交易行为模型，并对羊群行为均衡做出定义；

The establishment and implementation of the competitive market maker mechanism in China can be a practical operation in promotion of the healthy development of the Chinese securities market on the condition that we can design a reasonable implementation details and carry out the project step by step .

只要我们能够设计出合理的实施办法并逐步开展试点工作，竞争性做市商制度在中国的建立就是切实可行的方案，而这对于促进中国证券市场的健康发展将具有非常重要的现实意义。

At the same time to promote the establishment of market maker system , we also present the implementation of the system needs to create the conditions for market makers .

同时为促进做市商制度的建立，本文也提出了实施做市商制度需要创造的条件。

The third chapter analysis the bidding system , market maker system and mixed trading system of GEM , concludes that mixed transactions system is adapted to Chinese GEM market .

第三章通过对创业板市场的竞价制度、做市商制度和混合交易制度进行比较、分析，得出我国创业板市场适合采用混合交易制度。

Then , does some research on the background and current situation of the foreign exchange market maker system .

其次，对我国银行间外汇市场做市商制度实施的背景及现状进行了阐述，并从逻辑层面上分析了做市商制度的作用及带来的影响。

Finally on the basis of the transaction systems preponderance and obstruction for adopting market maker system , we provide some proposals for the establishment market maker in GEM .

最后根据我国创业板市场引入做市商制度的优势与障碍，笔者就我国创业板市场引入作市商制度提出了几点建议。

As the medium of connecting buyer to the seller of the bonds , market maker not only helps realize the exchange of the bonds , but also helps the bond market develop and run normally .

做市商作为连接债券买卖双方的中介机构，是债券流通转让的市场实现条件，也是市场发育成熟以至正常运行的关键。