NO.PZ202208160100000203
问题如下:
Which of Carlisle’s statements about bid–offer spreads is the most accurate?选项:
A.The statement regarding market liquidity B.The statement regarding pricing on large trades C.The statement regarding Nexran’s credit rating解释:
SolutionC is correct. A client’s credit risk can be a factor because a client with a poor credit profile may be quoted a wider bid–offer spread than one with good credit, reflecting the greater settlement risk.
A is incorrect. The interbank FX markets are most liquid when the major FX trading centers are all open. The two largest, London and New York, overlap from approximately 8:00–11:00 a.m. NY time. As such, the interbank market for most currency pairs is typically most liquid during those hours, which is well after the open in London.
B is incorrect. Transaction size can affect the bid–offer spread. Typically, the larger the transaction, the further away from the current spot exchange rate the dealing price. Wider spreads on larger trades reflect the greater difficulty the dealer faces in “laying off” the FX risk in the interbank market.
伦敦和纽约难道不是同时开市吗?伦敦开了就意味纽约开了。