例如，基金买卖场外交易的证券时，因为股票买入价已包含了经纪佣金，固基金毋须再分开支付该项费用。
For example, if a fund buys over-the-counter stocks, it doesn't pay the broker a set fee but has the transaction cost built into the stock's price.
从他的观点来看，基准化在实际操作上并不适合那些在场外交易的证券，尤其是在那些价格在交易中是唯一决定因素的简单市场中。
In his view, benchmarking is not practical for securities traded off-exchange, especially in thin markets where price is only one factor in a deal.
场外交易者们愿意互相直接交易，他们的产品经常因为过于特别而无法适用于普通证券交易。
OTC traders like to deal directly with each other, and their products are often too specialised to fit on an exchange.
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