Underlying Market

This paper studies the binomial tree methods and convergence of Asian option when the underlying asset in a market which follows a jump diffusion model.

本文研究当市场中标的资产的价格过程服从跳扩散模型时的亚式期权二叉树方法及其收敛性。

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Warrant is a kind of derivative basing on underlying stocks, that is to say, it derives from underlying stocks. So the correlation between warrant market and underlying market has become scholars 、 investors and supervisors' concern.

权证是基于标的股票的一种衍生产品，权证市场和基础市场的关系自然成为广大学者、投资者以及监管者关注的焦点。

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We show that the warrant pricing deviation can be significantly explained by liquidity measures and momentum measures calculated from the warrant and the underlying stock market.

我们发现中国权证市场的定价偏离可以在很大程度上被流动性测度和动量性测度来解释。

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In the end of the article gives some advices to improve on our warrant market underlying problem in our market nowadays and the empirical results.

最后本文结合实证结果与权证市场现在存在的一些问题提出了改进建议。

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They examined the factors underlying recent market trends.

他们调查了影响最近市场取向的根本因素。

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With fewer constraints on underlying inflation, emerging market central banks will have to be more careful in targeting low inflation, especially as exchange pegs become less viable.

由于基础通胀所受到的制约较少，新兴市场央行在制定低通胀目标时必须更为谨慎，尤其是在汇率盯住机制的可能性下降的情况下。

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Options traded on these shares also cannot trade – there is no underlying market to quote them against.

由于没有基础市场报价，与这些股票相关的期权也无法交易。

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Through the research on the heavy trading of warrants and underlying securities in China market, the author aims to find out whether investment portfolio is affected as a result of involvement of informed investors.

本文通过对我国权证市场和相应标的股票市场交易高频数据的研究，探讨知情交易者在权证市场出现后是否改变了投资的对象。

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The competitiveness of China is based on broader structural factors including underlying factor costs, market leadership and the trade policies of major importers.

中国的竞争力以若干较广泛的结构因素为基础，例如基本因素成本、市场领导地位，以及主要入口者的贸易政策。

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Critics of stock index futures assert that index futures trading will increase the volatility of its underlying spot market and produce financial crisis so to endanger financial safety of our country.

比如我国目前推出股指期货时机是否恰当，股指期货的开发对现货市场会不会带来波动，股指期货的推出是否会导致金融危机，从而危及国家金融安全等。

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The operators who are used to high-speed have to invest more money to develop new services as to discover the new underlying market and dispute the consumers from the competitors.

习惯于高增长的运营商们不得不加大投资力度，开发新业务，以期望挖掘潜在市场，争夺竞争对手用户。

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The rich doubly benefit: by the underlying market forces of globalisation and by their governments' policy response.

富人得到双重好处：他们既受益于全球化的基本市场力量，又受益于本国政府相应的政策举措。

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This comprehensive programme offers participants practical knowledge of the what, why and how of private equity, with exclusive insights of the economic intuition underlying various market practices.

国际私募基金顶级课程，旨在为学员提供私募基金领域全方位的实务知识，以及对多样化市场操作及背后动因的独到分析。

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The chaos across US equities exchanges was triggered by a large move in the underlying futures market.

这一波及全美股市的混乱局面是被基础的期货市场的大幅变动引发的。

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Independent audit, as one of the underlying components of capital market, is the key point of financial report supply chain.

独立审计是资本市场的一个基础性构件，是上市公司财务报告供给链上重要的一环。

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More broadly, the in-kind mechanism also helps generate trading activities of the underlying bonds, thereby adding liquidity to the underlying bond market.

此外，实物机制亦能促进相关债券的买卖，从而提高相关债券在市场的流动性。

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Accounting information, as one of the underlying component of capital market, is an alternative variable of external users' economic decision.

会计信息为资本市场效率的一个基础性构件，是外部利益相关者经济决策的替代变量。

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The trouble, industry experts say, is that the stock index futures currently have a life of their own and reveal little about the direction of the underlying stock market.

行业专家表示，麻烦在于，股指期货目前走势独立，对于作为基础的股市走向没有多少前瞻作用。

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An important assumption of this model is perfect liquidity of the underlying stock market, that is to say, trading of any number of shares cause no pricing changes.

该模型的一个重要假设是标的股票市场流动性充分，任何数量的股票均可以立即买进或卖出，也就是说任何数量的股票交易均不会引起价格发生变化。

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We therefore recommend using different exit strategies based on the underlying market condition.

因为我们建议在不同的市场背景下使用不同的退出策略。

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Long before the credit crisis broke, he led an effort to strengthen the infrastructure underlying the over-the-counter derivative market.

早在信贷危机爆发前，他就曾牵头加强支撑场外衍生品市场的基础设施。

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The first question is: can a central bank out-guess the market in terms of where the underlying market forces are taking the exchange rate?

她说：安妮克鲁格教授说，首先的问题是，中央银行是否能够猜中潜在的市场势力会把市场汇率带向何处。

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There will definitely be margin erosion [ because of higher iron ore costs], but the underlying market is still very strong, says Helen Lau, analyst at Daiwa Institute of Research in Shanghai.

大和研究院（Daiwa Institute of Research）驻上海分析师Helen Lau表示：（由于铁矿石成本上升）利润率肯定将受到侵蚀，但基础市场仍然非常强劲。

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The number of hedge funds focusing on mortgage debt ballooned along with the underlying market in2005-06.

针对按揭贷款的对冲基金，自2005-06年以来在发行市场上的数目不断膨胀。

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