{"id":4471,"date":"2021-04-14T14:15:44","date_gmt":"2021-04-14T06:15:44","guid":{"rendered":"https:\/\/\/?p=4471"},"modified":"2021-04-20T01:13:57","modified_gmt":"2021-04-19T17:13:57","slug":"%e9%80%9a%e5%8d%9a-%e5%bf%ab%e8%a8%8a-%e8%b3%ad%e5%8d%9a%e7%90%86%e8%ab%96%e6%88%90%e5%b0%b1%e7%99%be%e5%84%84%e7%be%8e%e5%85%83%e8%ba%ab%e5%ae%b6%e8%aa%8d%e8%ad%98%e6%96%b0%e6%99%89%e5%84%84%e8%90%ac","status":"publish","type":"post","link":"https:\/\/\/%e9%80%9a%e5%8d%9a-%e5%bf%ab%e8%a8%8a-%e8%b3%ad%e5%8d%9a%e7%90%86%e8%ab%96%e6%88%90%e5%b0%b1%e7%99%be%e5%84%84%e7%be%8e%e5%85%83%e8%ba%ab%e5%ae%b6%e8%aa%8d%e8%ad%98%e6%96%b0%e6%99%89%e5%84%84%e8%90%ac.html","title":{"rendered":"\u901a\u535a-\u5feb\u8a0a-\u8ced\u535a\u7406\u8ad6\u6210\u5c31\u767e\u5104\u7f8e\u5143\u8eab\u5bb6\u8a8d\u8b58\u65b0\u6649\u5104\u842c\u5bcc\u8c6a\u5091\u592b\u4e9e\u65af"},"content":{"rendered":"
\u798f\u5e03\u65af\u4e0a\u9031\u767c\u5e03\u7684\u5168\u7403\u5104\u842c\u5bcc\u8c6a\u6392\u884c\u699c\u4e2d\uff0c\u6709\u4e00\u500b\u5229\u7528\u8ced\u535a\u7406\u8ad6\u5728\u91d1\u878d\u5e02\u5834\u64cd\u4f5c\u7684\u795e\u79d8\u4ea4\u6613\u54e1\uff0c\u4ed6\u901a\u904e\u9019\u5957\u7406\u8ad6\u70ba\u81ea\u5df1\u8cfa\u5230120\u5104\u7f8e\u5143\u7684\u8eab\u50f9\uff0c\u535a\u8a0a\u982d\u689d\u5e36\u60a8\u4e00\u8d77\u8a8d\u8b58\u4ed6\u3002<\/p>\n
\u5091\u592b\u4e9e\u65af<\/p>\n
\u4eca\u5e742\u6708\uff0c\u7f8e\u570b\u773e\u8b70\u9662\u53ec\u96c6\u4e86\u4e00\u6279\u53cd\u9762\u4eba\u7269\uff0c\u5c0dGameStop\u4ea4\u6613\u4e8b\u4ef6\u9032\u884c\u516c\u958b\u8b74\u8cac\u3002\u51fa\u5e2d\u6703\u8b70\u7684\u83ef\u723e\u8857\u4eba\u58eb\u5305\u62ec\u80a1\u7968\u4ea4\u6613\u5e73\u53f0RobinHood\u9996\u5e2d\u57f7\u884c\u5b98Vlad Tenev\u3001\u6885\u723e\u6587\u8cc7\u672c(Melvin Capital)\u5c0d\u6c96\u57fa\u91d1\u7d93\u7406Gabe
\nPlotkin\u548cCitadel Securities\u7684\u91cf\u5316\u4ea4\u6613\u5104\u842c\u5bcc\u8c6a\u80af\u683c\u91cc\u82ac(Ken Griffin)\u3002\u7136\u800c\uff0c\u9019\u500b\u9663\u5bb9\u7576\u4e2d\u7f3a\u5c11\u4e86\u4e00\u4f4d\u4f86\u81ea\u8cd3\u5915\u6cd5\u5c3c\u4e9e\u5dde\u5df4\u62c9\u8f9b\u7dad(Bala Cynwyd)\u7684\u795e\u79d8\u4ea4\u6613\u54e1\uff0c\u4ed6\u7684\u540d\u5b57\u53eb\u5091\u592b\u4e9e\u65af(Jeff Yass)\u3002<\/p>\n
\u5091\u592b\u4e9e\u65af\u662f\u5168\u7403\u91d1\u878d\u4ea4\u6613\u5de8\u982d\u6d77\u7d0d\u570b\u969b\u96c6\u5718(Susquehanna International \u4e9e\u65af\u6210\u7acb\u6d77\u7d0d\u570b\u969b\u7684\u90e8\u5206\u5275\u696d\u8cc7\u91d1\u4f86\u81ea\u4ed6\u572820\u4e16\u7d0070\u5e74\u4ee3\u548c80\u5e74\u4ee3\u65e9\u671f\u5728\u8cfd\u99ac\u5834\u7684\u8ced\u684c\u548c\u64b2\u514b\u724c\u684c\u4e0a\u7684\u52dd\u5229\u3002\u572820\u4e16\u7d0080\u5e74\u4ee3\u7684\u725b\u5e02\u4e2d\uff0c\u4ed6\u5c07\u81ea\u5df1\u7684\u8ced\u535a\u672c\u80fd\u904b\u7528\u5230\u671f\u6b0a\u5e02\u5834\uff0c\u800c\u4ed6\u5728\u76e4\u53e3\u8ce0\u7387\u548c\u5c0b\u627e\u512a\u52e2\u65b9\u9762\u7684\u6280\u5de7\u4f7f\u4ed6\u812b\u7a4e\u800c\u51fa\u3002\u4e9e\u65af\u7684\u982d\u865f\u4ea4\u6613\u6cd5\u5247\u3001\u4e5f\u662f\u6bcf\u4e00\u500b\u64b2\u514b\u9ad8\u624b\u7684\u53e3\u982d\u79aa\uff1a\u6c92\u6709\u6bd4\u548c\u4e00\u500b\u6bd4\u4f60\u66f4\u7b28\u6216\u7d93\u9a57\u66f4\u5c11\u7684\u4eba\u6253\u8ced\u66f4\u80fd\u8d0f\u7684\u65b9\u6cd5\u4e86\uff0c\u800c\u9019\u500b\u4eba\u5728\u64b2\u514b\u684c\u4e0a\u88ab\u7a31\u70ba\u300c\u97ed\u83dc( \u5728\u83ef\u723e\u8857\uff0cRobinhood\u7684\u696d\u52d9\u5c31\u662f\u6bcf\u5929\u57f9\u990a\u548c\u670d\u52d9\u6578\u767e\u842c\u300c\u97ed\u83dc\u300d\u3002\u4e9e\u65af\u4e00\u5e74\u524d\u5728\u64ad\u5ba2\u4e0a\u8aaa\uff1a\u300c\u6240\u6709\u7684\u9ad4\u80b2\u535a\u5f69\u3001\u6240\u6709\u7684\u64b2\u514b\u724c\u5c40\uff0c\u4ee5\u53ca\u6240\u6709\u7684\u671f\u6b0a\u4ea4\u6613\u90fd\u662f\u8981\u200b\u200b\u78ba\u4fdd\u4f60\u6b63\u5728\u8207\u6c92\u6709\u6bd4\u4f60\u81ea\u5df1\u8070\u660e\u7684\u4eba\u6253\u8ced\uff0c\u5982\u679c\u4f60\u4e0d\u554f\u554f\u81ea\u5df1\uff0c\u6211\u662f\u4e0d\u662f\u90a3\u500b\u50bb\u74dc\u6216\u97ed\u83dc\uff0c\u4f60\u5c31\u6703\u8b8a\u5f97\u50b2\u6162\uff0c\u6700\u7d42\u4e00\u6557\u5857\u5730\u300d\u3002<\/p>\n \u7f8e\u570b\u591a\u6578\u7684\u570b\u6703\u8b70\u54e1\uff0c\u53ef\u80fd\u90fd\u4e0d\u77e5\u9053\u5091\u592b\u4e9e\u65af\u662f\u8ab0\uff0c\u800c\u9019\u6b63\u662f\u4ed6\u6240\u5e0c\u671b\u7684\u3002\u4f5c\u70ba\u4e00\u540d\u795e\u79d8\u4f4e\u8abf\u7684\u4ea4\u6613\u54e1\u548c\u4e00\u540d\u767b\u8a18\u5728\u518a\u7684\u81ea\u7531\u610f\u5fd7\u4e3b\u7fa9\u8005\uff0c\u4e9e\u65af\u540c\u6642\u4e5f\u662f\u9817\u5177\u5f71\u97ff\u529b\u7684\u5361\u6258\u7814\u7a76\u6240(Cato \u5728\u6c92\u6709\u7372\u5f97\u4e00\u5206\u9322\u5916\u90e8\u8cc7\u672c\u7684\u60c5\u6cc1\u4e0b\uff0c63\u6b72\u7684\u4e9e\u65af\u5c07\u6d77\u7d0d\u570b\u969b\u96c6\u5718\u6253\u9020\u6210\u4e86\u4e00\u5bb6\u5168\u7403\u5de8\u982d\u3002\u5982\u4eca\uff0c\u6d77\u7d0d\u570b\u969b\u96c6\u5718\u638c\u63a7\u8457\u4ea4\u6613\u6240\u4ea4\u6613\u57fa\u91d1(ETF)\u8fd110%\u7684\u5e02\u5834\u6210\u4ea4\u91cf\uff0c\u6bcf\u5929\u5728\u5168\u740350\u500b\u570b\u5bb6\u7684\u6210\u4ea4\u91cf\u8d85\u904e1.3\u5104\u80a1\u3002\u5b83\u4e5f\u7d93\u5e38\u8e8b\u8eab\u65bc\u96f6\u552e\u7d93\u7d00\u5546\u4ea4\u6613\u7684\u7f8e\u570b\u80a1\u7968\u7684\u524d\u4e94\u540d\u505a\u5e02\u5546\u4e4b\u5217\u3002\u4e9e\u65af\u5229\u7528\u6d77\u7d0d\u570b\u969b\u96c6\u5718\u7684\u4ea4\u6613\u5229\u6f64\u6295\u8cc7\u4e86\u4e16\u754c\u5404\u5730\u7684\u65e9\u671f\u6210\u9577\u578b\u516c\u53f8\uff0c\u6bd4\u5982TikTok\u7684\u6bcd\u516c\u53f8\u5b57\u7bc0\u8df3\u52d5\uff0c\u5b57\u7bc0\u8df3\u52d5\u76ee\u524d\u6b63\u662f\u4e16\u754c\u4e0a\u6700\u5177\u50f9\u503c\u7684\u672a\u4e0a\u5e02\u516c\u53f8\u3002<\/p>\n \u6839\u64da\u4e00\u4e9b\u884c\u696d\u4f30\u8a08\u986f\u793a\uff0c\u4ed6\u7684\u516c\u53f8\u73fe\u5728\u662f\u4e16\u754c\u4e0a\u53d7\u98a8\u6295\u652f\u6301\u7684\u516c\u53f8\u6700\u5927\u768420\u5bb6\u6295\u8cc7\u8005\u4e4b\u4e00\uff0c\u64c1\u6709\u50f9\u503c\u6578\u767e\u5104\u7684\u6295\u8cc7\uff0c\u5206\u4f48\u5728\u4e2d\u570b\u3001\u4ee5\u8272\u5217\u548c\u7f8e\u570b\uff0c\u4e26\u5728\u4e2d\u570b\u7684\u8072\u7db2Agora\u3001\u7f8e\u570b\u7684Credit \u300a\u798f\u5e03\u65af\u300b\u82b1\u4e86\u5169\u500b\u591a\u6708\u7684\u6642\u9593\u8abf\u67e5\u4ed6\u7684\u5de8\u984d\u8cc7\u7522\uff0c\u63a1\u8a2a\u4e86\u6d77\u7d0d\u570b\u969b\u96c6\u5718\u7684\u524d\u5167\u90e8\u4eba\u58eb\uff0c\u67e5\u95b1\u4e86\u6578\u767e\u4efd\u8b49\u5238\u6587\u4ef6\u3001\u76e3\u7ba1\u62ab\u9732\u548c\u6cd5\u5ead\u6587\u4ef6\u3002\u4f30\u8a08\u4ed6\u7684\u516c\u53f8\u53ca\u5176\u6295\u8cc7\u7d44\u5408\u7684\u50f9\u503c\u8d85\u904e300\u5104\u7f8e\u5143\uff0c\u4fdd\u5b88\u4f30\u8a08\u4ed6\u7684\u6de8\u8cc7\u7522\u70ba120\u5104\u7f8e\u5143\uff0c\u9019\u500b\u6578\u5b57\u4f7f\u4ed6\u57282021\u5e74\u798f\u5e03\u65af\u5168\u7403\u5104\u842c\u5bcc\u8c6a\u699c\u4e0a\u4f4d\u5217\u7b2c184\u4f4d\u3002\u300c\u6d77\u7d0d\u570b\u969b\u662f\u6700\u4e86\u4e0d\u8d77\u7684\u5546\u754c\u6545\u4e8b\u4e4b\u4e00\uff0c\u4f46\u5b83\u5f9e\u672a\u88ab\u4eba\u63d0\u8d77\uff0c\u4e5f\u78ba\u5be6\u4e0d\u70ba\u4eba\u6240\u77e5\u3002\u300d\u8a72\u516c\u53f8\u7684\u4e00\u4f4d\u806f\u5408\u5275\u59cb\u4ebaSteven
\n Group)<\/a>\u7684\u806f\u5408\u5275\u59cb\u4eba\u517c\u8ca0\u8cac\u4eba\u3002\u5f9e\u67d0\u4e9b\u65b9\u9762\u4f86\u8861\u91cf\uff0c\u4ed6\u7684\u516c\u53f8\u662f\u7f8e\u570b\u6700\u5927\u7684\u4e0a\u5e02\u80a1\u7968\u671f\u6b0a\u4ea4\u6613\u516c\u53f8\u3002\u548cCitadel\u4e00\u6a23\uff0c\u6d77\u7d0d\u570b\u969b\u96c6\u5718\u90a3\u4e9b\u6280\u8853\u719f\u7df4\u7684\u4ea4\u6613\u54e1\u5011\u5927\u91cf\u5403\u9032\u4e86\u4f86\u81eaRobinhood<\/a>\u7b49\u514d\u8cbb\u80a1\u7968\u4ea4\u6613\u61c9\u7528\u7a0b\u5e8f\u7684\u8a02\u55ae\u6d41\u3002\u7814\u7a76\u6a5f\u69cbAlphacution
\nResearch\u7684\u6578\u64da\u986f\u793a\uff0c\u52302020\u5e74\uff0c\u6d77\u7d0d\u570b\u969b\u96c6\u5718\u7684\u91cf\u5316\u5206\u6790\u5e2b\u4ea4\u6613\u4e86\u7d0418\u5104\u4efd\u80a1\u7968\u671f\u6b0a\u5408\u7d04\uff0c\u6bd4\u4e0a\u4e00\u5e74\u591a80%\uff0c\u5360\u7f8e\u570b\u6240\u6709\u671f\u6b0a\u4ea4\u6613\u7684\u8fd1\u56db\u5206\u4e4b\u4e00\u3002<\/p>\n
\n\u6d77\u7d0d\u570b\u969b\u96c6\u5718<\/p>\n
\nmark)\u300d\u3002<\/p>\n
\n\u5091\u592b\u4e9e\u65af\u71b1\u611b\u64b2\u514b\u7b49\u535a\u5f08\u904a\u6232<\/p>\n
\n\u6d77\u7d0d\u570b\u969b\u516c\u53f8\u5718\u968a\u5f9e\u4e8b\u91d1\u878d\u69d3\u687f\u64cd\u4f5c\u5f88\u91cd\u8996\u535a\u5f08\u539f\u7406<\/p>\n\u5091\u592b\u4e9e\u65af\u4f4e\u8abf\u64cd\u4f5c\u69d3\u687f\u4e5f\u7576\u5275\u982d\u57fa\u91d1\u548c\u6295\u8cc7\u52a0\u5bc6\u8ca8\u5e63<\/strong><\/h2>\n
\n Institute)<\/a>\u7684\u8463\u4e8b\u6703\u6210\u54e1\uff0c\u9084\u662f\u7f8e\u570b\u570b\u5167\u652f\u6301\u4f4e\u7a05\u6536\u548c\u81ea\u7531\u5e02\u5834\u7684\u653f\u6cbb\u884c\u52d5\u59d4\u54e1\u6703\u7684\u6700\u5927\u6350\u8d08\u8005\u4e4b\u4e00\uff0c\u4e26\u5411\u8cbb\u57ce\u548c\u7d10\u7d04\u7684\u64c7\u6821\u548c\u7279\u8a31\u5b78\u6821\u6350\u8d08\u4e86\u6578\u767e\u842c\u7f8e\u5143\u3002<\/p>\n
\n\u535a\u5f08\u7406\u8ad6\u88ab\u6d77\u7d0d\u570b\u969b\u5be6\u969b\u7528\u5728\u671f\u6b0a\u4ea4\u6613<\/p>\n
\n\u5b57\u7bc0\u8df3\u52d5<\/p>\n
\nKarma\u548cPayoneer\u7b49\u79d1\u6280\u516c\u53f8\u4e2d\u64c1\u6709\u5927\u91cf\u80a1\u6b0a\u3002\u6d77\u7d0d\u570b\u969b\u9084\u901a\u904e\u5176\u8a2d\u5728\u90fd\u67cf\u6797\u3001\u540d\u70baNellie
\nAnalytics\u7684\u4ea4\u6613\u90e8\u9580\u6b63\u5728\u6210\u70ba\u9ad4\u80b2\u535a\u5f69\u5e02\u5834\u7684\u5de8\u982d\u3002\u8a72\u696d\u52d9\u9084\u5c0d\u9078\u8209\u7d50\u679c\u9032\u884c\u62bc\u6ce8\uff0c\u4e26\u56e0\u70ba\u62dc\u767b\u57282020\u5e74\u7e3d\u7d71\u5927\u9078\u4e2d\u7372\u52dd\u800c\u8cfa\u5f97\u76c6\u8c50\u7f3d\u6eff\u3002\u6d77\u7d0d\u570b\u969b\u96c6\u5718\u751a\u81f3\u9084\u6d89\u7375\u4e86\u52a0\u5bc6\u8ca8\u5e63\u4ea4\u6613\u5e02\u5834\uff0c\u6210\u70ba\u4e86\u90a3\u88e1\u7684\u4e00\u652f\u751f\u529b\u8ecd\u3002<\/p>\n
\n\u6d77\u7d0d\u570b\u969b\u96c6\u5718\u5df2\u5207\u5165\u52a0\u5bc6\u8ca8\u5e63<\/p>\n
\nH. Bloom\u8aaa\uff0c\u4ed6\u572820\u4e16\u7d0090\u5e74\u4ee3\u4e2d\u671f\u53cb\u597d\u5730\u96e2\u958b\u4e86\u6d77\u7d0d\u570b\u969b\uff0c\u96a8\u5f8c\u5275\u7acb\u4e86\u81ea\u5df1\u7684\u516c\u53f8\u3002\u4ed6\u8aaa\uff1a\u300c\u5091\u592b\u662f\u4e00\u500b\u7368\u4e00\u7121\u4e8c\u7684\u4eba\u624d\u3002\u4ed6\u71b1\u611b\u9019\u5834\u5546\u696d\u904a\u6232\uff0c\u4e5f\u559c\u6b61\u5f04\u6e05\u695a\u4e8b\u60c5\u7684\u771f\u76f8\uff0c\u4ed6\u559c\u6b61\u8d0f\u300d\u3002<\/p>\n\u901a\u535a.cc \u7c89\u7d72\u5c08\u9801<\/a>\n\u901a\u535a.cc \u63a8\u7279\u5c08\u9801<\/a>\n\u76f8\u95dc\u6587\u7ae0:<\/h3>\n
\u901a\u535a\u6d3b\u52d5:<\/span><\/h2>\n