As they put more money in the smaller, pure-play companies that focused on one industry vertical, Big Oil began to trade at a discount.

随着投资者将资金注入小型、单一业务公司（专注于单一行业），大型石油公司的股票交易就开始折价。

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The fairness of international trade is reflected horizontal fairness and vertical fairness.

国际贸易的公平性反映在水平公平和垂直公平两个方面。

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There is an important connection between the environmental regulation, international trade and vertical structure.

环境规制、国际贸易与垂直性市场结构之间具有重要的联系。

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Specialized "vertical" portals -- those that trade only in certain commodities or components -- also stand a chance of carving a niche for themselves among broad-based "horizontal" portals such as Global Sources, says Sweeney.

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The execution of this trade would involve the purchase of the March 32 call and sell of March 33 call (buying a vertical spread) while simultaneously selling the March 33 call and purchasing the March 34 call ( selling a vertical spread) However, you put it in as one trade (a call butterfly) and then you can fill as one price on the whole trade.

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Nothing has quite prepared you for the spectacle up close: freighters and motor junks forever plying their harbour trade and, beyond them, a Futurama cityscape rising from near vertical jungle slopes.

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