The function of futures markets is price discovery, price risk hedging, and market efficiency improving.

期货市场的功能在于价格发现、价格风险规避及市场效率提高。

youdao

In the longer run, however, the damaging effects of price controls on incentives and efficiency will outweigh the benefits.

在长期，价格控制在信号传递以及效率上的不良效果将会超过其收益。

youdao

If it can bring some of that efficiency to Euronext, Frankfurt and London will have to respond with price cuts of their own.

如果这种效率能转到泛欧交易所，则法兰克福、伦敦的交易所也必须降价来应对。

youdao

This, in principle, leads to increased market confidence and greater price efficiency.

FORBES: All Phone Calls With Brokers In The UK Now Recorded; Coming Soon To Europe and America

Whereas traditional market makers promote price and market efficiency, a firm like Goldman, as an active trader for its own account, can maximize its opportunity for profits by promoting price and market inefficiency.

FORBES: When Does Market Making Become Market Manipulation?

When more people and companies get their heads around energy efficiency and sustainable living, price volatility will ease off, he says.

CNN: Banking on carbon trading: Can banks stop climate change?