两个办法的出台，意味着经纪这只"看不见的手"，以后要"戴 工牌、进系统、留痕迹"了。 作者：欧阳晓红 封图：图虫创意 在中国的金融体系里，有一股"隐秘"的参与力量——专门撮合报价和成交的经纪机构。 它每天穿梭在货币、债券、外汇、黄金和衍生品之间，却几乎从不出现在公众叙事中。2025年， 这只手被监管接连规范。 2025年6月19日，国家金融监督管理总局（下称"金融监管总局"）修订发布《货币经纪公司管理 办法》，自2025年8月1日起施行。时隔20年，监管部门第一次系统重塑"货币经纪公司"这一类 持牌机构的监管框架。 一句话：经纪只能做传声筒，不能做暗盘口，也不能做利益中转站。 2025年11月14日，中国人民银行（下称"央行"）发布《银行间市场经纪业务管理办法》，自 2026年1月1日起施行，专门针对银行间市场上的经纪业务行为划定边界。 两个办法的出台，意味着经纪这只"看不见的手"，以后要"戴工牌、进系统、留痕迹"了。 业务规则"红绿灯" 先看《银行间市场经纪业务管理办法》。 这是一部针对经纪业务"怎么干"的行为规则：对象是所有在银行间市场提供经纪服务的机构（经 纪机构）以及使用经纪服务的金融机构（委托方）。 ...

I I TEL Ha t a pro 记者 欧阳晓红 在中国的金融体系里，有一股"隐秘"的参与力量——专门撮合报价和成交的经纪机构。 它每天穿梭在货币、债券、外汇、黄金和衍生品之间，却几乎从不出现在公众叙事中。2025年，这只手被监管接连规范。 2025年6月19日，国家金融监督管理总局（下称"金融监管总局"）修订发布《货币经纪公司管理办法》，自2025年8月1日起施行。时隔20年，监管部门第一 次系统重塑"货币经纪公司"这一类持牌机构的监管框架。 2025年11月14日，中国人民银行（下称"央行"）发布《银行间市场经纪业务管理办法》，自2026年1月1日起施行，专门针对银行间市场上的经纪业务行为划 定边界。 两个办法的出台，意味着经纪这只"看不见的手"，以后要"戴工牌、进系统、留痕迹"了。 业务规则"红绿灯" 先看《银行间市场经纪业务管理办法》。 这是一部针对经纪业务"怎么干"的行为规则：对象是所有在银行间市场提供经纪服务的机构（经纪机构）以及使用经纪服务的金融机构（委托方）。 第二，让所有经纪行为都"有迹可循"。《办法》要求，经纪机构对外展示的最优报价和逐笔成交行情必须实时、完整、准确披露，不得选择性展示 ...

悉尼2025年11月18日-- 全球多元资产经纪商格伦外汇（FXT）正式发布全新企业官网和一体化交易后 台，两者均由其内部技术团队独立开发。 此次上线标志着公司在构建融合创新、透明与高效的无缝数 码生态系统道路上，达成了重要里程碑。 自主研发创新开启全新篇章 AI服务中心，提供智能支持与即时指导。 进阶合作伙伴后台及忠诚度计划，实现自动化奖励与透明返佣。 高级银行与支付解决方案，让存款、提款及资金划转更加快捷安全。 面向未来的平台 格伦外汇（FXT）焕新登场，推出新一代客户平台 格伦外汇（FXT）的全新官网采用移动端优先这一设计理念，带来更快捷、直观的使用体验，让交易者 可实时查阅产品信息、市场洞察及投资教育内容。 透过内部自主搭建的后台系统，格伦外汇（FXT） 实现了对创新进程、数据安全及用户体验的端到端掌控，摆脱了对第三方系统的依赖，能够更快速地回 应客户需求。 打造互联互通的交易生态 此次发布的核心是格伦外汇（FXT）自主研发的「一站式交易后台」，它作为核心枢纽，串联起交易流 程的各个环节。 该系统将所有核心功能集成到一个安全的环境中： 围绕客户成功持续升级 除全新后台外，平台还推出多项关键升级，旨在提 ...

Core Insights - CWG Markets leverages cutting-edge technology to enhance financial trading services, focusing on security, efficiency, and intelligence [1][9] - The company recognizes technological innovation as a key driver for improving core competitiveness and service upgrades [3][9] Technology Integration - CWG Markets has built a robust technological infrastructure that processes trading orders in milliseconds, minimizing slippage for high-frequency trading [3] - The platform utilizes extensive real-time and historical data pools, employing advanced machine learning algorithms for deep analysis, enabling traders to identify patterns and trends [3][4] AI Application - The integration of AI trading tools allows for personalized trading strategies and asset allocation based on user history and market conditions [4] - The risk management system continuously evaluates market data and alerts users to potential risks, enhancing the safety and control of the trading process [4] User Experience Enhancement - The trading platform is designed with ergonomics and user behavior in mind, providing a simple and intuitive interface for both novice and experienced traders [6] - Customizable features allow users to tailor their workspace and set personalized alerts, improving overall user satisfaction [6] Customer Service Innovation - Intelligent customer service bots utilize natural language processing to assist users with account inquiries and basic operations, while complex issues are handled by experienced human agents [6] - The company invests heavily in security measures, including multi-layer firewalls and advanced data encryption, ensuring the protection of customer data [6] Collaborative Ecosystem - CWG Markets fosters a collaborative innovation environment by providing API toolkits for third-party developers to create custom indicators and automated trading strategies [8] - This open ecosystem encourages continuous updates and enhancements to trading tools, catering to diverse user needs [8] Future Outlook - The company aims to redefine convenience, security, and intelligence in trading services, positioning itself as a leader in the evolving fintech landscape [9] - CWG Markets is committed to building a more accessible, intelligent, and trustworthy trading future for global traders [9]

Market Overview - Global financial markets are showing cautious trends, with all three major stock indices rising and both the S&P 500 and Nasdaq reaching all-time highs [1] - Gold futures increased to $3,408.30 per ounce, supported by a weaker dollar that boosted safe-haven demand [1] - European stock markets rose on Thursday, led by the industrial and luxury goods sectors [1][9] Key Indices Performance - S&P 500 Index: Up by 0.32%, closing at 6,466.59, marking a new record due to strength in industrial and financial stocks [3] - Dow Jones Industrial Average: Up by 1.04%, closing at 44,922.27, outperforming the market driven by strong earnings from blue-chip industrial stocks and renewed optimism regarding infrastructure spending [4] - Nasdaq 100: Up by 0.04%, closing at 23,849.04, with mixed performance in tech stocks as semiconductor gains were offset by weakness in large-cap software companies [5] - Russell 2000: Up by 1.98%, closing at 2,328.06, benefiting from a significant rebound in cyclical sectors and better-than-expected regional bank earnings [6] Volatility and Yield - VIX Index: Decreased to 14.49, indicating the lowest market volatility in nearly a month, reflecting stable investor confidence amid rate cut expectations [7] - 10-Year U.S. Treasury Yield: Decreased to 4.24%, as traders priced in a higher likelihood of a Fed rate cut in September, boosting bond demand [7] Commodity Market - WTI Crude Oil: Decreased to $62.65 per barrel, marking a second consecutive day of decline due to signs of slowing global demand and rising U.S. inventories [8] - Gold Futures: Increased to $3,408.30 per ounce, supported by softening U.S. Treasury yields and a weaker dollar, maintaining strong safe-haven demand [8] European Market Performance - European stock markets rose on Thursday, with industrial and luxury goods sectors leading the gains, as investor sentiment improved ahead of key U.S. economic data [9] - FTSE 100 Index: Up by 0.19%, closing at 9,165.23 [10] - DAX Index: Up by 0.67%, closing at 24,185.59 [10] - CAC 40 Index: Up by 0.66%, closing at 7,804.97 [10] - Stoxx 600 Index: Up by 0.54% [10] Top Stock Movers - Kohl's: Up by 9.55% after reporting quarterly sales that exceeded expectations and raising full-year guidance [14] - Nektar: Up by 9.49% following positive updates on its cancer treatment pipeline [14] - Peloton: Up by 7.02% due to optimistic user growth and progress in cost-cutting [14] - Robinhood: Down by 4.86% due to declining trading volumes and warnings about slowing retail investor activity [14] - General Electric: Down by 3.74% despite exceeding earnings expectations, as it issued cautious forward guidance [14] - Oracle: Down by 3.58% after a brokerage downgraded its rating due to concerns over slowing cloud revenue growth [14]

Group 1 - The concept of 0 spread is introduced as a phenomenon that challenges traditional perceptions in trading [1] - Spread is a significant component of trading costs for investors, particularly day traders, as it can directly impact their profitability [3] - Brokers typically aim to offer low spreads to attract more clients, but they also need to maintain profitability [3] Group 2 - 0 spread may occur due to promotional activities by brokers to attract new clients and increase market share [3] - Some brokers achieve 0 spread through deep partnerships with liquidity providers, allowing them to lower costs [3] - Investors are advised to consider the safety and service quality of the platform when encountering 0 spread offers [3]

Group 1 - The core viewpoint of the articles highlights the fluctuations in gold prices influenced by geopolitical tensions and trade negotiations between the US and China, with a notable drop in gold prices due to reduced demand for safe-haven assets as trade talks progress [1][3][4] - Gold prices experienced a significant drop of nearly 2% in early Asian trading on May 7, following a two-week high, attributed to optimism surrounding US-China trade discussions [1][3] - Despite the recent decline, gold prices have increased by over 4% for the week, indicating underlying support from geopolitical risks and inflation concerns [1][4] Group 2 - The US Treasury Secretary's comments on the potential for progress in US-China trade negotiations have contributed to a more optimistic market sentiment, impacting gold's safe-haven demand [3][4] - The ongoing geopolitical risks, including the Russia-Ukraine conflict and tensions in the Middle East, continue to drive safe-haven investments into gold [4][5] - The upcoming Federal Open Market Committee (FOMC) meeting is anticipated to influence gold prices, with expectations that the Fed will maintain interest rates, which could further support gold if a dovish stance is indicated [5][6] Group 3 - Oil prices have surged due to increased demand from Asia and a decrease in US production, with WTI crude oil rising by 3.18% to $58.97 per barrel [7][8] - The OPEC+ decision to increase production significantly in June may create downward pressure on oil prices in the medium term, despite current upward momentum driven by easing trade tensions [8][10] - The market is closely monitoring US inventory data and trade negotiations, as these factors are crucial for understanding future oil price movements [8][10]