NO.PZ2018113001000090
问题如下：
Explain the reasons why currency forward
contracts are more popular than currency futures contracts in foreign exchange
management.
选项：
解释：
Answer:
In currency management, forward contracts
are more suitable because they offer more flexibility in terms of currency
combinations, settlement dates and transaction amounts than futures contracts.
From an administrative point of view,
forward contracts are also simpler than futures contracts because there are no
margin requirements, reducing portfolio management costs.
Finally, forward contracts are more liquid
than futures contracts in large volumes, as the daily volume of OTC currency
forwards exceeds that of exchange-traded futures contracts.
中文解析：
远期合约更合适，因为与期货合约相比，远期合约在货币组合、结算日期和交易金额方面更灵活。从管理的角度来看，远期合同也比期货合同简单，因为没有保证金要求，减少了投资组合管理费用。最后，在大规模交易中，远期合约的流动性比期货合约更强，因为场外外汇远期合约的日交易量超过了交易所交易的期货合约。
答案的最后一个点。是不是。不对呀。
不应该是futures 流动性要比forward强吗？因为标准化，所以好流通？
谢谢啊哈~
