§ TAG · SZDEX
Filed under szdex
Every brief tagged "szdex".
- § 01 · DATA-EXCHANGES
On-Exchange vs. Off-Exchange Data Trading — A Uniquely Chinese Market Structure
Why does China have data exchanges? Wang Qinglan's piece opens with an observation overseas readers will recognize: 'When you tell foreigners about China's on-exchange data trading market, you get blank stares — because exchange-organized data trading is uniquely Chinese.' The analogy she offers — Shenzhen Data Exchange is to data what the Shenzhen Stock Exchange is to securities — unlocks the architecture. Five tiers of trading venues by public-risk level. Three waves of Chinese data-exchange evolution. And the operational meaning of why on-exchange and off-exchange trading coexist.