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ruby5ltc · 2023年01月01日

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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:

Solution

C 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。

2 个答案

笛子_品职助教 · 2023年01月03日

嗨,从没放弃的小努力你好:


spread窄的前提条件是纽约伦敦同时开市,还是纽约或伦敦开市?

同时开市。

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加油吧,让我们一起遇见更好的自己!

笛子_品职助教 · 2023年01月02日

嗨,从没放弃的小努力你好:


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。


现实世界中伦敦和纽约股市并不是同时开市的。


美国股市在美国纽约州纽约市,纽约市在西5区,北京在东8区,相差13小时。在美国有夏令时,12月有通常的时差,夏令时不存在。美国股市的开盘时间是美国东部时间上午9点半,收盘时间是下午4点。也就是说北京时间下午10点半开场,凌晨5点结束。


英国股市的开始时间是什么呢?它分为冬季和夏令两种时间。

第一个是冬季。英国当地市场的开放时间为早上8:30-9:30;当地市场下午三点关门。相当于北京时间的开放时间:下午4: 30到5:30;北京的关门时间是晚上十一点。

第二种是夏令时,英国当地市场早上7: 30开门;当地市场下午五点关门。北京的开放时间是下午3:30;北京时间的收盘时间是晚上十一点。

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就算太阳没有迎着我们而来,我们正在朝着它而去,加油!

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