{"id":30704,"date":"2023-12-07T09:45:34","date_gmt":"2023-12-07T09:45:34","guid":{"rendered":"https:\/\/masterskills.org\/blog\/chenh-lech-gia-tao-lap-thi-truong-market-maker-spread-la-gi.html"},"modified":"2023-12-23T06:14:13","modified_gmt":"2023-12-22T23:14:13","slug":"chenh-lech-gia-tao-lap-thi-truong-market-maker-spread-la-gi","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/chenh-lech-gia-tao-lap-thi-truong-market-maker-spread-la-gi.html","title":{"rendered":"Ch\u00eanh l\u1ec7ch gi\u00e1 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng (Market-Maker Spread) l\u00e0 g\u00ec?"},"content":{"rendered":"
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H\u00ecnh minh h\u1ecda. Ngu\u1ed3n: GoodFon<\/p>\n<\/div>\n<\/div>\n

Ch\u00eanh l\u1ec7ch gi\u00e1 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng<\/font><\/h2>\n

Kh\u00e1i ni\u1ec7m<\/b><\/p>\n

Ch\u00eanh l\u1ec7ch gi\u00e1 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng<\/b>, ti\u1ebfng Anh g\u1ecdi l\u00e0 market-maker spread<\/b>.<\/p>\n

Ch\u00eanh l\u1ec7ch gi\u00e1 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng<\/b> l\u00e0\u00a0kho\u1ea3n ch\u00eanh l\u1ec7ch gi\u1eefa m\u1ee9c gi\u00e1 m\u00e0\u00a0nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng\u00a0mu\u1ed1n mua v\u1edbi m\u1ee9c gi\u00e1 m\u00e0 h\u1ecd mu\u1ed1n b\u00e1n. N\u00f3 c\u0169ng l\u00e0 kho\u1ea3n kh\u00e1c nhau gi\u1eefa gi\u00e1 ch\u00e0o mua<\/i> v\u00e0 gi\u00e1 ch\u00e0o b\u00e1n<\/i> c\u1ee7a ch\u1ee9ng kho\u00e1n m\u00e0 nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng c\u00f4ng b\u1ed1.<\/p>\n

Ch\u00eanh l\u1ec7ch gi\u00e1 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng<\/b> \u0111\u1ea1i di\u1ec7n cho ph\u1ea7n l\u1ee3i nhu\u1eadn ti\u1ec1m n\u0103ng m\u00e0 nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng s\u1ebd nh\u1eadn t\u1eeb ho\u1ea1t \u0111\u1ed9ng n\u00e0y, v\u00e0 c\u0169ng c\u00f3 th\u1ec3 coi l\u00e0 kho\u1ea3n b\u1ed3i th\u01b0\u1eddng cho vi\u1ec7c ch\u1ea5p nh\u1eadn r\u1ee7i ro t\u1eeb ho\u1ea1t \u0111\u1ed9ng\u00a0t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng.<\/p>\n

R\u1ee7i ro t\u1ef1 c\u00f3 c\u1ee7a m\u1ed9t th\u1ecb tr\u01b0\u1eddng s\u1ebd \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn k\u00edch c\u1ee1 c\u1ee7a kho\u1ea3n ch\u00eanh l\u1ec7ch gi\u00e1 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng <\/b>n\u00e0y. \u0110\u1ed9 dao \u0111\u1ed9ng cao hay thanh kho\u1ea3n th\u1ea5p c\u1ee7a m\u1ed9t ch\u1ee9ng kho\u00e1n s\u1ebd l\u00e0m t\u0103ng k\u00edch c\u1ee1 c\u1ee7a ch\u00eanh l\u1ec7ch gi\u00e1 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng.<\/p>\n

Hi\u1ec3u r\u00f5 h\u01a1n v\u1ec1 ch\u00eanh l\u1ec7ch gi\u00e1 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng<\/font><\/h3>\n

Nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng<\/i> t\u1ea1o ra thanh kho\u1ea3n b\u1eb1ng c\u00e1ch s\u1eb5n s\u00e0ng mua m\u1ed9t s\u1ed1 lo\u1ea1i c\u1ed5 phi\u1ec3u c\u1ee5 th\u1ec3 b\u1ea5t k\u00ec l\u00fac n\u00e0o. D\u00f9 ch\u00eanh l\u1ec7ch gi\u1eefa gi\u00e1 ch\u00e0o mua v\u00e0 gi\u00e1 ch\u00e0o b\u00e1n l\u00e0 r\u1ea5t nh\u1ecf, th\u00ec nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng<\/i> v\u1eabn c\u00f3 th\u1ec3 ki\u1ebfm l\u1eddi b\u1eb1ng c\u00e1ch th\u1ef1c hi\u1ec7n h\u00e0ng ng\u00e0n l\u1ec7nh m\u1ed7i ng\u00e0y, v\u00e0 th\u1ef1c hi\u1ec7n s\u1ed5 l\u1ec7nh c\u1ee7a h\u1ecd m\u1ed9t c\u00e1ch th\u00e0nh th\u1ea1o.<\/p>\n

Tuy v\u1eady, kho\u1ea3n l\u1ee3i nhu\u1eadn n\u00e0y c\u0169ng c\u00f3 th\u1ec3 d\u1ec5 d\u00e0ng b\u1ecb qu\u00e9t s\u1ea1ch n\u1ebfu nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng <\/i>ch\u1ecdn sai v\u1ecb tr\u00ed giao d\u1ecbch trong m\u1ed9t th\u1ecb tr\u01b0\u1eddng \u0111ang bi\u1ebfn \u0111\u1ed9ng.<\/p>\n

V\u00ed d\u1ee5 v\u1ec1 ch\u00eanh l\u1ec7ch gi\u00e1 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng<\/font><\/h3>\n

Gi\u1ea3 s\u1eed, m\u1ed9t nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng<\/i> c\u1ee7a c\u1ed5 phi\u1ebfu Alpha \u0111\u01b0a ra m\u1ee9c gi\u00e1 ch\u00e0o mua<\/i>, ch\u00e0o b\u00e1n<\/i> l\u00e0 10$ v\u00e0 10,5$. Ngh\u0129a l\u00e0 nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng n\u00e0y s\u1eb5n s\u00e0ng mua c\u1ed5 phi\u1ebfu v\u1edbi gi\u00e1 10$ v\u00e0 b\u00e1n n\u00f3 v\u1edbi gi\u00e1 10,5$. Kho\u1ea3n ch\u00eanh l\u1ec7ch 0,5$ n\u00e0y l\u00e0 l\u1ee3i nhu\u1eadn m\u00e0 h\u1ecd s\u1ebd nh\u1eadn tr\u00ean m\u1ed7i giao d\u1ecbch. N\u1ebfu nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng th\u1ef1c hi\u1ec7n \u0111\u01b0\u1ee3c 10.000 giao d\u1ecbch t\u1ea1i m\u1ee9c gi\u00e1 ch\u00e0o mua<\/i>, ch\u00e0o b\u00e1n<\/i> n\u00e0y th\u00ec h\u1ecd s\u1ebd thu \u0111\u01b0\u1ee3c 500$ ti\u1ec1n l\u1ee3i nhu\u1eadn.<\/p>\n

Thay v\u00ec theo d\u00f5i gi\u00e1 c\u1ed5 phi\u1ebfu c\u1ee7a t\u1eebng giao d\u1ecbch, nh\u1eefng ng\u01b0\u1eddi th\u1ef1c hi\u1ec7n giao d\u1ecbch cho nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng<\/i> s\u1ebd nh\u00ecn v\u00e0o m\u1ee9c gi\u00e1 trung b\u00ecnh qua h\u00e0ng ng\u00e0n giao d\u1ecbch.<\/p>\n

N\u1ebfu nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng<\/i> \u0111ang c\u00f3 v\u1ecb th\u1ebf mua<\/i> r\u00f2ng \u0111\u1ed1i v\u1edbi c\u1ed5 phi\u1ebfu Alpha, th\u00ec nh\u1eefng nh\u00e0 giao d\u1ecbch n\u00e0y s\u1ebd ph\u1ea3i \u0111\u1ea3m b\u1ea3o cho m\u1ee9c gi\u00e1 trung b\u00ecnh c\u1ee7a c\u1ed5 phi\u1ebfu Alpha \u0111ang n\u1eafm gi\u1eef l\u00e0 th\u1ea5p h\u01a1n gi\u00e1 th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i \u0111\u1ec3 ho\u1ea1t \u0111\u1ed9ng t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng<\/i> tr\u00ean c\u1ed5 phi\u1ebfu Alpha c\u00f3 th\u1ec3 ki\u1ebfm \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn.<\/p>\n

V\u00e0 n\u1ebfu nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng<\/i> \u0111ang c\u00f3 v\u1ecb th\u1ebf b\u00e1n<\/i> r\u00f2ng c\u1ed5 phi\u1ebfu Alpha, th\u00ec m\u1ee9c gi\u00e1 trung b\u00ecnh n\u00e0y ph\u1ea3i cao h\u01a1n gi\u00e1 th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i, \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o v\u1ecb th\u1ebf b\u00e1n<\/i>\u00a0c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c \u0111\u00f3ng l\u1ea1i b\u1eb1ng c\u00e1ch mua c\u1ed5 phi\u1ebfu Alpha v\u1edbi m\u1ee9c gi\u00e1 r\u1ebb h\u01a1n.<\/p>\n

Ch\u00eanh l\u1ec7ch gi\u00e1 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng<\/b> s\u1ebd r\u1ed9ng ra khi th\u1ecb tr\u01b0\u1eddng dao \u0111\u1ed9ng m\u1ea1nh v\u00ec r\u1ee7i ro thua l\u1ed7 \u0111ang gia t\u0103ng. Ngo\u00e0i ra, ch\u00eanh l\u1ec7ch n\u00e0y c\u0169ng t\u0103ng \u0111\u1ed1i v\u1edbi c\u00e1c c\u1ed5 phi\u1ebfu c\u00f3 kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch th\u1ea5p, m\u1ee9c gi\u00e1 kh\u00f4ng r\u00f5 r\u00e0ng, hay thanh kho\u1ea3n k\u00e9m.<\/p>\n

(Theo Investopedia<\/i>)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n Ch\u00eanh l\u1ec7ch gi\u00e1 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng (ti\u1ebfng Anh: Market-maker spread) l\u00e0 kho\u1ea3n ch\u00eanh l\u1ec7ch gi\u1eefa m\u1ee9c gi\u00e1 m\u00e0 nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng mu\u1ed1n mua v\u1edbi m\u1ee9c gi\u00e1 m\u00e0 h\u1ecd mu\u1ed1n b\u00e1n.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30704"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=30704"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30704\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}