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snow666_6 · 2020年03月10日

问一道题:NO.PZ2018062007000090 [ CFA I ]

问题如下:

Which of the following statements explains a characteristic of futures price limits? Price limits:

选项:

A.

help the clearinghouse manage its credit exposure.

B.

can typically be expanded intra- day by willing traders.

C.

establish a band around the final trade of the previous day.

解释:

A is correct. Price limits are important in helping the clearinghouse manage its credit exposure. Sharply moving prices make it more difficult for the clearinghouse to collect from parties losing money. B is incorrect because typically the exchange rules allow for an expansion of price limits the next day (not intra- day) if traders are willing. C is incorrect because price limits establish a band relative to the previous day’s settlement price (not final trade). 14

请问选项b是什么意思?
1 个答案

xiaowan_品职助教 · 2020年03月10日

嗨,努力学习的PZer你好:


同学你好,这道题讨论的是price limit的问题,可以理解为涨跌停板的限制制度。

B选项是说有些交易所的规则是可以在日内扩大涨跌停板的比例,这是不对的,因为由于市场行情剧烈而扩大涨跌停板比例是要隔日达成的。


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