多元做市商
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通过拍卖模型研究了专家经纪人和限价指令簿,以及限价指令簿和多元做市商混合市场结构,并从流动性需求者的角度将其与当前的限价指令簿市场进行了比较分析。
This paper analyzes two hybrid market structures of the limit_ order book and specialist market , and the limit_ order book and dealers market by an auction model , and compares these structures from the liquidity demanders view .