On Making the Spread Offered By Foreign Exchange Market Makers under Risk Management Model
研究中国外汇做市商如何基于风险管理模型合理制定报价价差，以提升在国际金融市场的竞争力，对银行和金融机构的外汇业务有参考价值。
Since the issuing of theGuidelines of Interbank Foreign Exchange Market Makers(provisional)in November 2005,the foreign exchange market maker business has developed rapidly in China.However,compared with those of international financial institutions,the foreign exchange quotations of financial institutions of China are in a very disadvantageous position.Therefore,rationally determine the foreign exchange market makers quotes spread has become an important issue faced by foreign exchange market makers of China.Based on the risk management model of foreign exchange market making business,the paper studies the quote of foreign exchange market maker and proposes some specific measures to making spread of foreign exchange.