We model the order-driven market based on rational expect framework. In this model, the optimal order submission depends on the price of immediacy and the trader's valuation for the stock.
针对指令驱动市场建立了理性预期的模型，首先说明了交易者的最优指令决定于他对股票价值的估计和股票的即时价格；
We model the order-driven market based on rational expect framework. In this model, the optimal order submission depends on the price of immediacy and the trader's valuation for the stock.
针对指令驱动市场建立了理性预期的模型，首先说明了交易者的最优指令决定于他对股票价值的估计和股票的即时价格；
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