| 词条 | Flow trading |
| 释义 |
In finance, flow trading occurs when a firm trades stocks, bonds, currencies, commodities, their derivatives, or other financial instruments, with funds from a client, rather than its own funds.[1] Flow trading can be a significant source of profits for investment banks.[2][3] Engaging in flow trading can also boost a firm's own proprietary trading profits via access to information on client activities. Additionally, the firm can often facilitate client trades by serving as the counterparty, thus profiting from the bid-offer spread.[3][4] In 2011 the Volcker Rule aimed to limit flow trading businesses from taking proprietary bets.[5] References1. ^Forex revolution: an insider's guide to the real world of foreign exchange by Peter Rosenstreich 2005 {{ISBN|0-13-148690-X}} page 85 {{Finance-stub}}2. ^The greed merchants: how the investment banks played the free-market game by Philip Augar 2005 {{ISBN|1-59184-087-2}} page 111 3. ^1 Riskfree Rate Dynamics: information, Trading, and State Space Modeling by M. v.d. Wel 2005 {{ISBN|9789051707694}} page 43 4. ^Uncontrolled risk by Mark T. Williams 2010 {{ISBN|0-07-163829-6}} page 74 5. ^[https://www.bloomberg.com/news/2011-10-10/volcker-rule-might-ban-fixed-income-flow-trading-hintz-says.html Bloomberg News Oct 10, 2011] 1 : Corporate finance |
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