它们采用“实物”复制，即买入相关指数的成份股，而非使用衍生品来实现基础股指的回报率。

They employ "physical" replication so they buy the constituents of each index rather than using derivatives to deliver the returns of each underlying benchmark.

youdao

Objective Caml： OCaml是组合了静态类型和隐式类型的Lisp的衍生物，它在不牺牲生产率的情况下提供了高性能。

Objective Caml: OCaml, a Lisp derivative that combines static and inferred typing to deliver high performance without sacrificing productivity.

youdao

合并后的公司将在欧洲衍生品交易中具有实质性垄断地位，业务利润率远高于美国股票交易。

The combined company would hold a virtual monopoly in European derivatives trading, which is a much higher margin business than equity trading in the us.

youdao

Unlimited leverage comes automatically with an option exchange. And derivative trading which made the option exchanges look like a benign event.

期权交易与无限杠杆率是与生俱来的,而且金融衍生品交易使得,期权交易看似有益。

斯坦福公开课 - 经济学课程节选