现代信息技术下外汇交易形式的变革

The evolution of forex trading forms under the modern information technology

任何外汇交易最终都是通过OTC或者集中撮合两种交易形式完成的。OTC交易和集中撮合交易有着各自不同的特点,满足了不同外汇交易的需求。现代信息技术的运用发展和完善了OTC交易和集中撮合交易,同时使它们之间的区别越来越小,特别是使两种交易方式所产生的汇率逐渐趋于一致。未来外汇交易形式发展的趋势是电子化,电子自动交易系统将会融合OTC交易和集中撮合交易形式。

All forex trading is ultimately concluded either through OTC trading or matched trading, both of which meet divergent demands for forex transactions. The application of modern information technologies gradually irons out the difference between these two forms and narrows exchange rates gap between them. The development trend for forex trading is electronicization, and an electronic automated trading system will integrate these two trading methods.