摘要
交易商协会成立15年以来,银行间市场交易机制不断创新,《债券借贷主协议》的诞生和《衍生产品交易主协议》的补充修订,促进了我国债券借贷和衍生产品市场的规范发展,是我国金融市场制度建设的一项重要成果。本币交易新平台(CIBMTS)的应用和接口的开放升级,为智能化交易打开了想象空间。本文将总结银行间市场发展过程中重要的产品和交易机制体系,并据此探讨在创新实践中,市场成员的具体策略运用。
Since the establishment of NAFMII 15 years ago,the trading mechanism of the interbank market has benefited from continuous innovation. The birth of the Master Bond Lending and Borrowing Agreement and the supplementary revision of the Master Derivatives Trading Agreement have promoted the standardization of bond lending and the derivatives market—important achievements in China’s financial market system construction. The application of the new platform for local currency trading(CIBMTS) and the opening and upgrading of interface capabilities have created space for intelligent trading. In this paper, we will summarize the system of important products and trading mechanisms, and accordingly discuss the specific strategies used by market members.
出处
《金融市场研究》
2022年第11期28-38,共11页
Financial Market Research
关键词
交易机制
智能化
衍生品市场
Trading Mechanism
Intelligence
Derivatives Market
