But given the prevalence of trading on the vast over-the-counter swaps markets, it is difficult to get a one-day fix on traders' positions.

但鉴于场外掉期市场上的交易也很普遍，很难明确知道某一天交易员的头寸数。

youdao

Besides handling large volumes of trades for clients via the opaque over-the-counter commodity-swaps markets, they are also large commodity traders in their own right.

除了通过透明度不高的场外大宗商品掉期市场为客户处理大笔交易之外，银行本身也是大型大宗商品交易商。

youdao

The attraction of moving into futures, options and swaps is that derivatives markets tend to command higher valuations than those that trade only shares.

向期货、期权和互换转换的吸引力在于，相对于普通的股票交易，衍生品市场越来越赢得更高的估值。

youdao

You and your partner, Warren Buffett, have for years complained and warned about the dangers ve perceived in the modern derivatives markets, particularly credit derivatives, and also concerns about interest rate swaps, currency swaps, and equity swaps.

你和你的合伙人，沃伦，巴菲特,多年来一直提醒现代衍生品市场中,存在的危险，that，you’,尤其是信用衍生品，利率掉期，货币互换和股票互换。

斯坦福公开课 - 经济学课程节选

And as the bond and credit-default-swaps markets expand, the stakes will get higher.

ECONOMIST: Credit-rating agencies

The good news is that the swaps markets did not utterly seize up after it went bust on September 15th.

ECONOMIST: The fallout from the bankruptcy of Lehman Brothers

More critically, these risks can spread like wild fire as we saw in collateralised debt obligations and credit default swaps markets.

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