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美国做市商为订单流支付费用合计
美国做市商为订单流支付费用合计
行业数据
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ROBINHOOD MARKETS-美股公司研究报告-引领全球金融体系变革布局AI打开成长空间-250717(22页).pdf
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表10 2024年华夏科创 50ETF期权主做市商月度评级及年度评级
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行业数据
2026-01-04
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表11 2024年易方达科创50ETF期权主做市商月度评级及年度评级
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行业数据
2026-01-04
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2025-2026年度银行间黄金询价市场做市商名单
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行业数据
2025-10-28
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PFOF模式为交易所/做市商提供流动性
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商业模式
2025-07-30
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表20、银行间债券市场现券做市商名单
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行业数据
2024-08-13
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2023年上交所基金主做市商评价
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其它
2024-03-26
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2023年北交所、科创板做市商做市标的规模
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其它
2024-03-26
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2023年交易所债券做市商评价
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其它
2024-03-26
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图表35做市商承担做市的ETF数量排名(截至2023年末)
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其它
2024-01-24
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做市商制度对金融科技需求增量空间测算
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行业数据
2022-12-05
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图表39我国做市商制度发展历史
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行业数据
2022-08-11
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图表1做市商制度与竞价制度示意图对比
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其它
2022-08-11
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图表34沃途金融与其他做市商杠杆倍数及平均ROE对比
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行业数据
2022-08-11
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图表40获银行间债券市场现券做市商资格的证券公司及其做市类型
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2022-08-11
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当前美国采用 PFOF 模式的经纪商快速发展,相关市场持续增长。据 S3 数据库对每家经纪商的 606 规则文件的汇总数据,做市商在 2025Q1 为散户订单流支付超 11.9 亿美元,同比增长 54%,创历史新高。其中,公司旗下两家经纪商合计收入 5.6 亿美元,同比增长 65%,嘉信理财(Ameritrade 平台)收入 3.55 亿美元,同比增长 24%,摩根士丹利旗下 E*Trade、Fidelity 和 Webull 分别获得 9300 万美元、7200 万美元和5700 万美元。2024 年,做市商为美国股票和期权订单流支付超 49 亿美元,同比呈现上行趋势。随着当前美国场外交易市场占比持续提升,我们认为未来美国经纪商的 PFOF 模式市场规模有望持续增长。公司在PFOF 市场中的占比亦不断提升,从 2020 年占比 27.48%提升至 2025Q1 超 40%。
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ROBINHOOD MARKETS-美股公司研究报告-引领全球金融体系变革布局AI打开成长空间-250717(22页).pdf
可比公司估值比较(截至2025年7月16日)
公司期间费用预测(单位:百万美元)
公司营业收入预测(单位:百万美元)
公司股票代币市场预期(单位:欧元)
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