Based on the hypothesis of heterogeneous traders, this paper analyzes the strategic behaviors of informed traders and uninformed traders during the process of call auction, and discusses the impact of indicator price information disclosure and public limit order book on the call auction process.
基于异质交易者假设,讨论了知情交易者和非知情交易者在集合竞价过程中的策略行为;分析了集合竞价过程中引入指示性价格揭示和公开限价指令簿信息对于集合竞价定价效率的影响;最后给出了该文结论的现实意义,并提出了相应的政策建议。
The character of trader s information from the complication of interaction between the trader s characteristics and the character of information in finance market includes competitiveness,speculation,falsity and time of trader s behaviors and behavior of the information.
金融市场中,交易者特性和信息特性的复杂作用共同形成交易者信息特性。
To close one's account with.
清结帐目，与某某停止交易。
Business was reduced to local buying and selling when international trading ceased.
国际贸易停止后，商业交易就局限在本地进行了。
That means it would stop trading on a public stock exchange.
这将意味着他们将停止公开的股票交易。
Being a beginning day of New Year all financial transactions remain closed on this day.
作为新年的伊始，所有的财务交易都要在这一天停止。
In such places trade should be suspended until flocks have been cleaned up.
在病禽尚未彻底扑杀之前，这些地区应当停止禽类交易。
Buss, 74, also said Bryant was not necessarily off the table now that the new season had started.
74岁的巴斯说：即使新赛季已经开始，交易科比的留言也不会停止。
a paralysis of trade
交易的停顿 [瘫痪状态]
The received wisdom in the markets is that yen carry trades will continue as long as the BoJ raises rates only slowly.
只要日本央行加息迟缓，日元套息交易就不会停止，这是市场上的常理。
The war brought all foreign trade to a stand.
这场战争使一切对外贸易都停止了。
"Because of the accident, the policeman had to halt up the traffic."
"由于意外事件,警察必须停止交通。"
Soldiers from the two armies stopped fighting and fraternized.
两军士兵停止作战，并友好地交往。
If the traffic light is red, you must stop.
如果交通灯是红色的，你必须停止前进。
The enemy is not required to cease firing when a white flag is raised.
当敌军升起白旗时，无须停止交火。
The symphony then ceased. The Mystery began.
于是，交响曲嘎然停止，圣迹剧开演了。
come out of the cocoon
停止自我封闭,开始与人交往
I dropped them on purpose
*我故意和他们停止了交往。
We take a sabbatical from trading to develop and research our trading rules.
我们暂停交易去研究和发展我们的交易规则。
It's too easy to punch the off button and fall asleep again.
因为我们可以轻易地按下停止钮，然后倒头再睡。