三年来外汇市场的演进与发展

Evolution and diversitication In FX over the past 3 years

2004年以来,全球外汇市场的交易规模正不断扩大,交易方式和手段更加先进和多元化,尤其是一级经纪和电子交易的迅速发展,推动着市场参与者向新兴市场等更广范围扩散。同时,市场流动性的增强对交易后台系统提出了更高要求,并催生交易模式的变革。

Since 2004, turnover in global FX markets has rocketed, and trading models and means are increasingly sophisticated and diversified. In particular, the rapid development of prime brokerage and automatic trading has contributed to attracting participants from wider areas including emerging markets. In the meantime, enhanced market liquidity requires a more powerful back office system and has prompted the evolution of trading models.