V2EX thinly traded

Thinly traded

Definition / 释义

(金融)成交清淡的、交易不活跃的:指某只股票/债券/资产的成交量很小、买卖盘较少,因而价格更容易被少量交易推动,流动性较差、买卖价差(bid-ask spread)可能更大

Examples / 例句

Thinly traded stocks can swing wildly on small orders.
成交清淡的股票可能会因为小额订单而大幅波动。

Because the bond is thinly traded, the quoted price may not reflect a truly executable level.
由于这只债券交易不活跃,报出的价格可能并不是实际能成交的水平。

Pronunciation / 发音

/θnli tredd/

Etymology / 词源

thinly 来自 thin(“薄的、稀少的”)+ -ly(副词后缀),表示“稀疏地、少量地”。traded 来自 trade(“交易”)的过去分词形式。合在一起字面意思是“被少量交易的”,在金融语境中引申为“成交量低、流动性不足”。

Related Words / 相关词

In Literature / 文学与作品用例

该表达常见于金融非虚构写作与市场微观结构讨论中(谈到流动性不足、价差扩大、价格冲击等),例如以下作品/文本类型中经常出现或被使用:

  • Burton G. Malkiel《A Random Walk Down Wall Street》(《漫步华尔街》)
  • Benjamin Graham《The Intelligent Investor》(《聪明的投资者》)
  • Larry Harris《Trading and Exchanges: Market Microstructure for Practitioners》(《交易与交易所:面向从业者的市场微观结构》)
  • 美国 SEC(证券交易委员会)文件、公司年报(10-K)与券商研究报告中的市场流动性描述段落
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