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.
后来,大宗商品还开发出了衍生品合约,先是场外掉期合约,接着是期货合约,让消费者和生产商得以对冲价格波动风险。
At a later stage, the commodities also developed derivatives contracts, with consumers and producers hedging the risk of volatile prices with over-the-counter swaps and, later, futures contracts.
由于近期价格缺乏上涨动力,可能还有许多资金在场外观望。
With the lack of recent price action excitement, it seems that there is plenty of capital still on the sidelines.
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