The retail client who reads the research has no idea about any of these relationships.

但阅读这份研究报告的散户投资者对里面的这些关系毫不知情。

youdao

These Terms apply only to FX and CFD trading and only where you are acting as a Retail Client.

合约条款只适用于贵方作为零售客户时进行的外汇和价差合约交易。

youdao

We are required to categorise all of our clients and, on the basis of the information you have provided to us, we have categorised you as a Retail client.

我方需要对所有客户进行分类，并根据贵方提供的信息将贵方归入零售客户类。

youdao

In the past few months, Fidelity Brokerage Services LLC, the retail brokerage business for the fund-management giant that has more than 14 million client accounts, said more money has been flowing into stocks and mutual funds.

WSJ: Dow Closes Above 15000

The rest are to be bundled into the bank's private-client and asset-management division, which houses Deutsche Bank 24, the retail-banking arm (which already serves some small firms in any case), private banking (for richer customers) and Deutsche's online broker, called maxblue.

ECONOMIST: Germany's biggest bank reshapes itself, again