标题: 求教principal trade and agency trade in Soft Dollar [打印本页]
作者: minminmin 时间: 2009-4-22 22:43 标题: 求教principal trade and agency trade in Soft Dollar
在soft dollar理论里一直有一个不懂的东西，什么是principal trade?提到了涉及spreads或者discounts, 另外什么是Agency trade? 代理人做交易？ 这两个概念很模糊 请赐教！ 谢谢！
作者: ddhorn 时间: 2009-4-23 15:36
我得理解是这样，principal trade应该是类似于nasdaq那种交易，佣金来自于bid ask spread，agency trade应该就是国内这种佣金模式，就是交易了多少金额按比例抽成。两种交易的佣金模式不同，因为毕竟principal trade收了多少佣金不如agency trade 好度量。
供参考
作者: 愚狼 时间: 2010-3-8 22:52
嗯，支持！
作者: watleeds 时间: 2010-5-12 00:33
An agency trade is when a firm buys or sells a security on behalf of a client to a third party. They will usually collect a commission for this service. During this transaction the firm does not own the security itself.
agency trade: broker 代替客户交易，broker并不拥有买卖的这些股票。
A principal trade is when a firm buys or sells securities from their own account. Anytime the firm is buying or selling from within their own inventories, it is a principal trade.
principal trade 从broker自己的库存里买卖。broker对这些股票是拥有的。
作者: chococo 时间: 2011-5-16 14:19
principal trade应该是叫自营交易，broker就是客户的股票对手
作者: ciscogeek 时间: 2011-5-17 21:32
楼上讲的真清楚
作者: hesai716 时间: 2011-5-23 10:18
赞楼上！
作者: CoolKane 时间: 2011-5-26 02:42
补充 天忧 一点，principal trade在没有ERISA法案的情况下，除了得到客户的书面同意外，还要disclose出来哟。
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