大多数是跟客户对赌，尤其是点差很小的公司。 只有内部对冲不了的头寸，形成净风险，才考虑由内部操盘手抛到市场上去，转移风险。

正规的交易商不会和客户赌的.他们客户在同一时间做的单,作市商是允许有内部交易池成交的,也就是说:1.9000有人买英磅,而有人买单平仓.那就直接内部交易啦.如果在每一时间的一价位有多余的交易单,按正规作法应该拿到银行间或市场中拆卖的,他们只能拨头皮赚差价. 不过提醒一句啊,多数交易商都要参与市场作市,让市场活跃起来,也就是说:我们在小买时,他们有可能在大手笔卖,这时如果很多力量都在卖,就会跌,我们的方向就错了. 说的不错，因为他们还是作市商，他们也在买卖。就会有头寸在内部对冲

他们会把两个反方向的单进行内部对冲，不能对冲的部分才会拿到市场上交易。连国内的银行都这么干，因为这样才能赚取最大收益……

刚才在置顶贴=致所有新来论坛的会员=的链接里找了这么一段: "选择交易商时不要过于追求点差小的优势，过低的点差会造成其根本无法通过客户交易盈利，只能使用其他方式方法，这无疑将对其今后的生存与发展构成危害，一旦经营失利将直接危及你的资金安全." 巧了,我正在找点差小的交易商呢,FXCM的点差不算太小吧,不过比fxsol的小,我现在开的是fxsol的户,直盘点差还凑合,就是交叉盘和隔夜利息很凶猛.正打算开个fxcm的帐户做做镑日.就看到了版主的这个贴子. 不过,fxcm好像还比较可信吧.

...... 看了楼上这么多，都很有理有据； 只是我们常见的Forex Broker, 就是平台提供者，都是Market Maker，既造市的或者说对赌； 能做0.1手和0.01手的平台都是造市者，这些单是没地方平的； 有些造市者在风险增大时，即买卖不平衡时会做对冲，可这又是手工操作，即交易员操作，是人为因素。 转贴一下造市者的定义； Market Maker A market maker provides liquidity for a particular currency pair and stands ready to buy or sell that currency by displaying a bid and offer price. A market maker takes the opposite side of your trade and has the option of holding that position or partially or fully offsetting it with other dealers, managing the aggregate exposure to the market. Market makers earn their commission from the spread between the bid and offer price.

你没有搞过吧，就是赌球呀，一场球多的时候可以赢本钱数的上10倍。

谢谢影子.祝你快乐!

:o :L :M :N

FOREX sometimes based on the foreign exchange industry regulator's request, foreign exchange transactions for some of the important issues for you to provide timely disclosure of relevant content. In the foreign exchange market is an over-the-counter market, means that you are not doing foreign exchange transactions in the exchange. As a market maker, FOREX trading is in the contracting side, that is, if you are the seller, the buyer is FOREX; If you are a buyer, the seller is FOREX. Therefore, FOREX may be related to the interests you have a conflict of interest. Unless you a written contract or other written document, there are special provisions in the deal with you in the process of FOREX determined by the price and provide. FOREX provided by the price may not be optimal, and that might be different in different price. If FOREX choose not to seek the corresponding position in the international market, you have to realize that if you expect to market in the opposite direction of the development of, FOREX likely to get more profits. In addition, due to trading in FOREX is the buyer or seller, you should carefully assess any FOREX from its business partners or the proposed transaction. FOREX有时会根据外汇行业监管机构的要求，针对外汇交易的某些重要事项，为您提供及时的相关内容披露。 外汇市场是一个场外交易市场，意味着您所做的外汇交易并非在交易所进行。作为做市商，FOREX在交易中是订约方，即如您是卖方，则FOREX是买方；如您是买方，则FOREX是卖方。因此，FOREX的利益可能与您的利益有冲突。除非在您的书面合同或其他书面文件中有特别规定，在与您交易的过程中价格由FOREX来决定并提供。FOREX所提供的价格可能并非最优，且不同客户可能得到不同价格。 如果FOREX选择不在国际市场寻求对应头寸，则您须意识到如果市场向您所预期的反方向发展，FOREX可能获得更多利润。除此之外，由于FOREX在交易中是买方或卖方，您应慎重评估任何来自FOREX或其业务伙伴的交易建议。

先在基金池里对冲，多余的单子拿到市场上平掉，或者和你对赌