He notes that futures exchanges do not have to pool the clearing of their trades, as stock exchanges do, which gives them added control.

德瓦尔还注意到，在期货交易中不必结清所有款项，而证券交易就必须这么做，以增加交易的可控制性。

youdao

It is going to take a significant clearing of this haziness for investors to back this stock.

要让投资者支持新浪的股票，就需要厘清这种不确定的状态。

youdao

The stock price depends on the interaction between agents' sentiments and market feedback, and is fixed each day by a clearing house mechanism.

股票价格由经纪的偏向以及市场反馈的相互作用来决定，且在当前清算机制下，一天中的价格是固定的。

youdao

And Tsang proposed that Tung be authorized, when the public interest was under threat, to direct not only the Securities and Futures Commission, the government's market watchdog, but also the stock and futures exchanges and the stock clearing corporation, which are ostensibly private-sector bodies.

CNN: FIGHTING 'GODZILLAS'

Instead of finding a lender of shares, they have their broker just run up an electronic tab, so to speak, on the books of a stock-clearing corporation.

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In recent months, hedge fund critics have raised the issues of aggressive short-selling, hedge fund collusion with research analysts to manipulate a stock to their benefit, and short-sellers who skirt rules on stock settlement and clearing to make profits.

FORBES: Hedge Hogs