discussion on improving transparency of information disclosure for derivatives 提高衍生金融工具信息披露透明度的探討
the mpfa issued the code on disclosure for mpf investment funds last year . the code aims to enhance the transparency of information about mpf funds . it sets out all the fees and charges to enable scheme members to make informed investment decisions 積金局于去年推出強積金投資基金披露守則,目的是加強強積金基金資料的透明度,包括列明所有收費項目,讓計劃成員在有所了解后作出恰當?shù)耐顿Y決定。
the mpfa issued the code on disclosure for mpf investment funds last year . the code aims to enhance the transparency of information about mpf funds . it sets out all the fees and charges to enable scheme members to make informed investment decisions 積金局于去年推出強積金投資基金披露守則,目的是加強強積金基金資料的透明度,包括列明所有收費項目,讓計劃成員在有所了解后作出恰當?shù)耐顿Y決定。
as to the microstructure of securities market, electronic trading mainly affects price formation mechanisms and transparency of information dissemination . as to the industrial organization arrangements, electronic trading affects the competetive enviroments among brokers, market-maker / specilaists and traditional exchanges . the fourth chapter studies the effects of electronic technologies on the liquidity of securities markets 電子交易對證券市場微觀結(jié)構(gòu)的影響,集中體現(xiàn)在價格的形成機制和交易信息的披露兩大方面;電子交易對證券交易行業(yè)產(chǎn)業(yè)組織安排的影響,表現(xiàn)為隨著電子交易的發(fā)展(尤其是另類交易系統(tǒng)的迅猛發(fā)展),證券經(jīng)紀商、做市商專家以及傳統(tǒng)的證券交易所開始面臨全新的競爭格局。