世界衍生产品交易所的发展和趋势

The development trend of world derivatives exchanges

近年来,衍生品市场成为全球金融业发展最快的市场。衍生品交易所在实行电子化交易、不断提供新的产品组合方面进展迅速,同时交易所之间开始加速整合和全球化。中央对手方清算在交易所市场和场外市场上均取得了越来越广泛的应用。此外,新的基于因特网的市场也越来越对衍生品交易所的发展趋势产生影响。

Derivatives market has become one of the fastest growing mark.s within the global financial industry in recent years. Derivatives exchanges develop rapidly in using e-trading and Olfedng vailed new product portfolio. These exchanges, in the meantime, start to accelerate consolidation and globalization. Central counterparty is increasingly used in both exchange market and OTC market. Besides, new internet-based markets are also iacreasingly influencing the development trend of derivatives exchanges.