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(qiáng)積金投資基金披露守則,目的是加強(qiáng)強(qiáng)積金基金資料的透明度,包括列明所有收費(fèi)項(xiàng)目,讓計(jì)劃成員在有所了解后作出恰當(dāng)?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(qiáng)積金投資基金披露守則,目的是加強(qiáng)強(qiáng)積金基金資料的透明度,包括列明所有收費(fèi)項(xiàng)目,讓計(jì)劃成員在有所了解后作出恰當(dāng)?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(duì)證券市場(chǎng)微觀結(jié)構(gòu)的影響,集中體現(xiàn)在價(jià)格的形成機(jī)制和交易信息的披露兩大方面;電子交易對(duì)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(jì)商、做市商專家以及傳統(tǒng)的證券交易所開(kāi)始面臨全新的競(jìng)爭(zhēng)格局。