1 2 3 2002 1~12 Agricultural 1.68% Currency

1 2 3 2002  1~12 Agricultural 1.68% Currency

1 2 3 2002 1~12 Agricultural 1.68% Currency 0.95% Stock Options 22.39%

Equity Stock Futures 0.44% Interest Rates 22.78% Stock Indices 45.34% TRADEdata Global Services 4 Energy 3.43% Metals 2.15% Other 0.36% Softs 0.49% 2003 1~10 Agricultural 1.34% Currency Energy 0.87% 2.67% Stock Options 19.33%

Equity Stock Futures 1.01% Interest Rates 23.54% Metals 2.02% Stock Indices 48.02% TRADEdata Global Services 5 Softs 0.41% Other 0.79% million contracts 3500 3000 2002 1~10 2500 2003 1~10

2000 1500 1000 6 TRADEdata Global Services Stock Options Stock Indices Softs Other Metals Interest Rates Energy Currency Agricultural 0 Equity Stock Futures 500

Contract / Exchange KOSPI 200 Options / KSE, Korea Eurobund Futures / EUREX, Germany 3-Month Eurodollar Futures / CME, U.S. E-Mini S&P 500 Futures / CME, U.S. Interbank Equilibrium Futures / MEXDER, Maxico Euro-BOBL Futures / EUREX, Germany Ten Year T-Notes Futures / CBOT, U.S. 3-Month Euribor Futures / LIFFE, U.K. Euro-SCHATZ Futures / EUREX, Germany Dow Jones Euro STOXX 50 Futures / EUREX, Germany 7

TRADEdata Global Services 2003/01~10 2002/01~10 2,344,348,761 1,498,473,443 56.45% 214,467,656 166,524,262 28.79% 176,361,117 178,491,737 -1.19% 139,066,299

94,795,854 46.70% 134,430,421 - N/A 130,371,815 98,960,897 31.74% 123,358,522 79,086,828 55.98% 118,930,184 90,000,654 32.14% 101,711,955 95,068,236

6.99% 98,977,433 70,943,939 39.51% 8 (risk transfer) ( ) ( ) (price discovery)) (Duration)

(Asset Allocation) 9 ( ) 10

11 12 13 80% 92 9 8352 80% 92 9 3.32 1580

14 80 3.7 91 134.4 36 92 1 9 156.6 87 7 10% 92 9 50% 5.9 ( 97.84%) ( ) 87 7 100 92 9 2,800 15 92/09 92/05 92/01 91/09 91/05 91/01

90/09 90/05 90/01 89/09 89/05 89/01 88/09 88/05 88/01 87/09 87/05 87/01 86/09 86/05 86/01

250,000 85/09 85/05 85/01 84/09 84/05 84/01 200,000 150,000 100,000 50,000 0 16

92/09 92/05 92/01 91/09 91/05 91/01 90/09 90/05 90/01 89/09 89/05 89/01 88/09 88/05 88/01 87/09

87/05 87/01 86/09 86/05 86/01 85/09 85/05 85/01 84/09 84/05 84/01 80% 70% 60% 50%

40% 30% 20% 10% 0% 91/01/02 91/01/23 91/02/21 91/03/15 91/04/08 91/04/29 91/05/21 91/06/11 91/07/02 91/07/23 91/08/13 91/09/03 91/09/25 91/10/17 91/11/07 91/11/28 91/12/19 92/01/10 92/02/10 92/03/04 92/03/25

92/04/15 92/05/07 92/05/28 92/06/19 92/07/10 92/07/31 92/08/21 92/09/12 92/10/03 92/10/27 92/11/17 % 4.50 4.00 3.50 3.00 2.50 2.00 1.50 1.00 17

35.88% 32.15% 18 92 10 2.57% 17.21% 12.20% 0.46% 5.62%

29.38% 17.79% 37.88% 2.48% 19 92 1-9 6.38%

20 (91/10) 88 90 91

21 22 (GBF)) 5% 8:45 1:45 ( ) 23

( ) 0.005 ( 250 ) 1000 2000 (T ) (T+2 ) 24 (CPF)) 8:45 12:00 100

25 98.355 1.645% ( ) 0.005 (%) 411 $100,000,0000.00005 30/3654110.00005 0.00005 30/36541130/365411411 0.5 ( ) 26

( RP) 27 21~31 (9/9) 1.100% 3,500 3,000 1.050% 2,500

1.000% 2,000 0.950% 1,500 0.900% 1,000 28 15:30 15:00 14:30 14:00 13:30 13:00 12:30 12:00 11:30 11:00

10:30 0 10:00 0.800% 09:30 500 09:00 0.850% 29 / 30

8 30 ~ 8 45 8 45~13 40 8 45~11 55 13 40~13 45 11 55~12 00

31 99.7% =1 1.15 1.5 -

32 - T+2

33 (Conversion F)actor Sy)stem)) 34 > >1 < <1 CF (1 r ) d y y d PV C y n 1 1

1 PV C i n 1 ( 1 r ) ( 1 r ) i 0 CF) r C y) d n 35

() A85402 A86309 A86310 A86403 A87103 A87201 A89103 A89104 A89109 A89114 A90101 A91104 A91108 A91111 A92104 A92107 2 9 10 3 873 871 893

894 899 89 14 901 914 918 91 11 924 927 85/3/22 85/8/23 86/1/21 86/3/11 86/12/19 87/2/20 88/9/28 88/10/15 89/3/14 89/12/15 90/1/9 91/3/8 91/9/10 91/12/17 92/3/7 92/9/19 100/3/22 100/8/23 101/1/21 101/3/11 101/12/19

102/2/20 103/9/28 103/10/15 104/3/14 99/12/15 100/1/9 101/3/8 101/9/10 101/12/17 102/3/7 102/9/19 15 15 15 15 15 15 15 15 15 10 10 10 10 10 10 10 36

() 92 12 93 3 1.13710 1.13347 150 7.300% 1.13113 1.12754 300 7.100% 1.12401 1.12085 400 6.900% 1.12555 1.12276 300 6.900% 1.13347 1.13025 300 6.875% 1.13526 1.13250 300 6.875% 1.09188 1.09013 400 6.125%

1.09223 1.09045 400 6.125% --500 6.125% 1.00723 -400 5.125% 1.00721 -700 5.125% 0.90882 0.91122 500 3.625% 0.87828 0.88102 300 3.250% 0.82208 0.82591 300 2.500% 0.77321 0.77814 700 1.875% 0.82925 0.83261 400 2.750%

93 6 -1.12413 1.11749 1.11930 1.12715 1.12928 1.08855 1.08883 1.09160 --0.91334 0.88389 0.82985 0.78300 0.83610 Cheapest-to-Deliver (CTD ) i F)PCF)i+AIi F)P CF)i i AIi i i ( ) Pi Pi+AIi i

37 F)PCF)i+AIi (Pi+AIi) = F)PCF)i Pi (CTD) - OTC A92104 A91104 A91111 1.53% 1.84% 1.82% () 122,040,227,396 11,616,492,687 10,700,461,394 (122,040, 227,3961.5304% 11,616, 492,6871.8356% 10,700, 461,3941.8189%) 1.5763% (122,040, 227,39611,616, 492,68710,700, 461,394)

10 i 1 38 250, 000 1.015763 i , 000, 000 15.015763 6,572,337 10 6,572,337 1.03 6,769,507 [ ] - T-3 T T

T1 39 ( ) ( ) - ( ) T2 40

( ) - 41

42

Recently Viewed Presentations

  • Reported Speech - WordPress.com

    Reported Speech - WordPress.com

    Reporting Statements: Strong Verbs. In conversation, 'say' and 'tell' are by far the most common reporting verbs; ... In reported speech, almost all of these verbs are transitive (they require the direct object - the hearer). Peter told me to...
  • A New Approach to Network Protection Ken Xie, Founder &amp; CEO ...

    A New Approach to Network Protection Ken Xie, Founder & CEO ...

    防入侵攻擊 Labs Data Center 1 3 4 2 Internet Intranet / Extranet Core Network DMZ 校務行政 Services TS 5 Backbone College building 6 FG1000FA2add Antivirus, IDS/IDP as transparent mode behind existing Firewall 5 Email Spam X Viruses worms Hacker X...
  • Information Technology &quot;Open for Business

    Information Technology "Open for Business

    Information Technology "Open for Business " John Shellenberger Vice President and Chief Information Officer Johns Manville * * * * * * * * * * * * * * * * * * * * * * * *...
  • Slide sem título

    Slide sem título

    Folsäure C19H19N7O6 Bestandteil des Vitamin-B-Komplexes. Wenig löslich in Wasser. Geruchlos. Anämiemittel, „Nahrungsergänzungsmittel" und Reproduktionsoptimierer.
  • CHAPTER 3 Physical Layer Announcements and Outline Recap

    CHAPTER 3 Physical Layer Announcements and Outline Recap

    Modem is reverse device than Codec, and this word stands for Modulate/Demodulate. Modems are used for analog transmission of digital data. Analog to Digital Conversion. Analog data must be translated into a series of bits before transmission onto a digital...
  • www.rolands.com

    www.rolands.com

    Recentsecurityapprovals. Distributed operations to othersites. Mail from NORCAX to FISB/H (National secret) Move files from NORCAX to FISB/H. Planning onusingonlyone JEMM, it will be on NS and can be used directly from NORCAX.
  • Comparatives and Superlatives

    Comparatives and Superlatives

    The film is less interestins than the book. *it doesn't matter if the adjective is short or long SUPERLATIVES Form superlative forms of a one-syllable adjective by adding -est. Tall…tallest Old…oldest Long…longest With most two-syllable adjectives, you form the superlative...
  • David Wechsler&#x27;s Intelligence Scale Jesse Jones Arith ...

    David Wechsler's Intelligence Scale Jesse Jones Arith ...

    David Wechsler's Intelligence Scale Jesse Jones Arith Wijesinha Jack Brown Troy Nicholson Who was Wecshler? David Wechsler (January 12, 1896 - May 2, 1981) was a leading American psychologist. He developed well-known intelligence scales, such as the Wechsler Adult Intelligence...