证券交易的集中竞价应当实行价格优先、时间优先的原则。
Centralized competitive pricing for securities trading shall follow the principle of price precedence and time precedence.
证券交易的集中竞价应当实行价格优先、时间优先的原则。
Centralized competitive bidding in securities trading should follow the principle of price preference and time preference.
并购套利；风险套利；要约收购；集中竞价收购；协议收购。
Merger Arbitrage; Risk Arbitrage; Tender Offer; Centralized bidding Acqusition; Agreed Acquisition.
做市商制与集中竞价制是证券市场两种基本的价格形成机制。
Market maker system and aggregate auction system are two basic pricing mechanism in securities market.
试点上市商业银行应在证券交易所集中竞价交易系统进行规定业务范围内的债券现券交易。
I. Listed commercial banks in the pilot program shall trade outstanding bonds within its permitted scope of business through the centralized quotation trading system of a stock exchange.
第一百零三条进入证券交易所参与集中竞价交易的，必须是具有证券交易所会员资格的证券公司。
Article 103. The securities companies that participate in collective trading through bidding at a stock exchange must be those that hold stock exchange membership.
第一百零三条进入证券交易所参与集中竞价交易的，必须是具有证券交易所会员资格的证券公司。
Article 103. The securities companies that participate in collective trading through bidding at a stock exchange must be those that hold stock exchange membership.
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