金融交易与市场结构第8课.pptxVIP

金融交易与市场结构 2014年夏 讲授者：任品 Liquidity Supplier Dealer What’s common Profit motivated Meet the clients demands from both buy and sell sides Facilitate the bi-directional search by temporally becoming the “middle-man” Dealer in financial market Nothing new except the “goods” they are dealing Profit from supplying liquidity/Immediacy Passive trader in nature Broker-Dealer, Register Dealer, voluntary individual dealer A.K.A: market maker, specialists, scalper etc Dealer’s problem-set Setting price Advertise the services to acquire clients Managing inventory Don’t trade with well informed trader Dealer