CAJ | 학술논문

询价、报价和竞价是传统的证券交易业务类型。为了充分利用日趋发达的交易技术，交易所交易业务不应仅局限于证券所有权的交换领域。新的交易业务概念是指所有通过交易系统进行的、分配有专门证券代码，并且接收委托申报的业务。新概念实质上将很多原场外的服务纳入了交易系统。为了高效地实现日益增多的交易业务，本文提出了交易业务“流水线”的概念，以及结构化和柔性化的设计理念，以上证所为例，交易系统的每条“流水线”都能跑多项业务；通过结构化的调整，能快速响应业务的新需求。
순개、보개화경개시전통적증권교역업무류형。위료충분이용일추발체적교역기술，교역소교역업무불응부국한우증권소유권적교환영역。신적교역업무개념시지소유통과교역계통진행적、분배유전문증권대마，병차접수위탁신보적업무。신개념실질상장흔다원장외적복무납입료교역계통。위료고효지실현일익증다적교역업무，본문제출료교역업무“류수선”적개념，이급결구화화유성화적설계이념，이상증소위례，교역계통적매조“류수선”도능포다항업무；통과결구화적조정，능쾌속향응업무적신수구。
Inquiry, quotation and auction are traditional business scope of securities trading.To fully take advantage of modem trading technology, the exchanges shouldn＇t limit its trading business within merely changing securities ownership.The new conception of trading business includes all level of business, involving assigning unique code and submitting order, which integrates many of traditional over-the-counter service into trading system.To execute the trading more efficiently, we bring forward the ＇trading business assembly＇ conception, and the constructional and flexible designing principles.Taking SSE for example, each assembly line can run many types of business,and respond to the new demands of market more quickly by structural adjustment.