{"id":13657,"date":"2026-08-17T18:24:09","date_gmt":"2026-08-17T18:24:09","guid":{"rendered":"https:\/\/bjftradinggroup.com\/?page_id=13657"},"modified":"2026-08-19T15:02:54","modified_gmt":"2026-08-19T15:02:54","slug":"glossary","status":"publish","type":"page","link":"https:\/\/bjftradinggroup.com\/vi\/glossary\/","title":{"rendered":"B\u1ea3ng thu\u1eadt ng\u1eef"},"content":{"rendered":"<p><\/p>\n<div class=\"glo-page\">\n<div class=\"glo-hero\">\n<h1 class=\"glo-hero-h1\">B\u1ea3ng thu\u1eadt ng\u1eef giao d\u1ecbch ch\u00eanh l\u1ec7ch Forex, HFT v\u00e0 <span class=\"glo-gold\">kh\u1edbp l\u1ec7nh c\u1ee7a nh\u00e0 m\u00f4i gi\u1edbi<\/span><\/h1>\n<p>G\u1ea7n 80 thu\u1eadt ng\u1eef quan tr\u1ecdng v\u1ec1 giao d\u1ecbch ch\u00eanh l\u1ec7ch, giao d\u1ecbch t\u1ea7n su\u1ea5t cao v\u00e0 kh\u1edbp l\u1ec7nh c\u1ee7a nh\u00e0 m\u00f4i gi\u1edbi, \u0111\u01b0\u1ee3c gi\u1ea3i th\u00edch b\u1eb1ng ng\u00f4n ng\u1eef d\u1ec5 hi\u1ec3u v\u00e0 c\u1eadp nh\u1eadt cho n\u0103m 2026.<\/p>\n<\/p><\/div>\n<p class=\"glo-lead\"><strong>B\u1ea3ng thu\u1eadt ng\u1eef n\u00e0y gi\u1ea3i th\u00edch c\u00e1c kh\u00e1i ni\u1ec7m trong giao d\u1ecbch ch\u00eanh l\u1ec7ch Forex v\u00e0 ti\u1ec1n m\u00e3 h\u00f3a, giao d\u1ecbch t\u1ea7n su\u1ea5t cao v\u00e0 ho\u1ea1t \u0111\u1ed9ng kh\u1edbp l\u1ec7nh c\u1ee7a nh\u00e0 m\u00f4i gi\u1edbi.<\/strong> M\u1ed7i m\u1ee5c cung c\u1ea5p \u0111\u1ecbnh ngh\u0129a d\u1ec5 hi\u1ec3u v\u00e0 li\u00ean k\u1ebft \u0111\u1ebfn h\u01b0\u1edbng d\u1eabn chuy\u00ean s\u00e2u h\u01a1n khi c\u1ea7n. N\u1ed9i dung \u0111\u01b0\u1ee3c duy tr\u00ec b\u1edfi BJF Trading Group t\u1ea1i Ontario, Canada, \u0111\u01a1n v\u1ecb ph\u00e1t tri\u1ec3n ph\u1ea7n m\u1ec1m giao d\u1ecbch ch\u00eanh l\u1ec7ch v\u00e0 kh\u1edbp l\u1ec7nh t\u1eeb n\u0103m 2000. S\u1eed d\u1ee5ng c\u00e1c li\u00ean k\u1ebft b\u00ean d\u01b0\u1edbi \u0111\u1ec3 di chuy\u1ec3n theo ch\u1ee7 \u0111\u1ec1 ho\u1eb7c t\u00ecm ki\u1ebfm m\u1ed9t thu\u1eadt ng\u1eef c\u1ee5 th\u1ec3 tr\u00ean trang.<\/p>\n<div class=\"glo-nav\">\n    <strong>Chuy\u1ec3n \u0111\u1ebfn m\u1ed9t ph\u1ea7n<\/strong><br \/>\n    <a href=\"#strategies\">Chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch ch\u00eanh l\u1ec7ch<\/a><br \/>\n    <a href=\"#execution\">Nh\u00e0 m\u00f4i gi\u1edbi &amp; kh\u1edbp l\u1ec7nh<\/a><br \/>\n    <a href=\"#infrastructure\">C\u01a1 s\u1edf h\u1ea1 t\u1ea7ng th\u1ecb tr\u01b0\u1eddng<\/a><br \/>\n    <a href=\"#concepts\">Kh\u00e1i ni\u1ec7m giao d\u1ecbch<\/a><br \/>\n    <a href=\"#crypto\">Thu\u1eadt ng\u1eef ti\u1ec1n m\u00e3 h\u00f3a<\/a><br \/>\n    <a href=\"#news\">Giao d\u1ecbch theo tin t\u1ee9c<\/a><br \/>\n    <a href=\"#bjf\">C\u00f4ng ngh\u1ec7 BJF<\/a>\n  <\/div>\n<p>  <!-- ============ STRATEGIES ============ --><\/p>\n<h2 id=\"strategies\">Chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch ch\u00eanh l\u1ec7ch<\/h2>\n<div class=\"glo-term\" id=\"arbitrage\"><span class=\"glo-t\">Giao d\u1ecbch ch\u00eanh l\u1ec7ch<\/span><\/p>\n<p>Thu l\u1ee3i t\u1eeb s\u1ef1 kh\u00e1c bi\u1ec7t v\u1ec1 gi\u00e1 c\u1ee7a c\u00f9ng m\u1ed9t t\u00e0i s\u1ea3n ho\u1eb7c t\u00e0i s\u1ea3n t\u01b0\u01a1ng \u0111\u01b0\u01a1ng gi\u1eefa hai th\u1ecb tr\u01b0\u1eddng hay hai th\u1eddi \u0111i\u1ec3m, l\u00fd t\u01b0\u1edfng nh\u1ea5t l\u00e0 v\u1edbi r\u1ea5t \u00edt ho\u1eb7c kh\u00f4ng c\u00f3 r\u1ee7i ro v\u1ec1 h\u01b0\u1edbng gi\u00e1. Tr\u00ean th\u1ef1c t\u1ebf, ch\u00eanh l\u1ec7ch th\u01b0\u1eddng nh\u1ecf v\u00e0 t\u1ed3n t\u1ea1i trong th\u1eddi gian ng\u1eafn, v\u00ec v\u1eady t\u1ed1c \u0111\u1ed9 c\u00f9ng chi ph\u00ed th\u1ea5p quy\u1ebft \u0111\u1ecbnh kh\u1ea3 n\u0103ng khai th\u00e1c.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"latency-arbitrage\"><span class=\"glo-t\">Giao d\u1ecbch ch\u00eanh l\u1ec7ch \u0111\u1ed9 tr\u1ec5<\/span><\/p>\n<p>Chi\u1ebfn l\u01b0\u1ee3c s\u1eed d\u1ee5ng lu\u1ed3ng gi\u00e1 nhanh h\u01a1n \u0111\u1ec3 h\u00e0nh \u0111\u1ed9ng tr\u01b0\u1edbc khi b\u00e1o gi\u00e1 c\u1ee7a nh\u00e0 m\u00f4i gi\u1edbi ch\u1eadm h\u01a1n \u0111\u01b0\u1ee3c c\u1eadp nh\u1eadt, t\u1eeb \u0111\u00f3 v\u00e0o l\u1ec7nh theo gi\u00e1 c\u0169. L\u1ee3i th\u1ebf \u0111\u01b0\u1ee3c \u0111o b\u1eb1ng mili gi\u00e2y v\u00e0 ph\u1ee5 thu\u1ed9c v\u00e0o c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng c\u0169ng nh\u01b0 vi\u1ec7c nh\u00e0 m\u00f4i gi\u1edbi c\u00f3 ch\u1ea5p nh\u1eadn lu\u1ed3ng l\u1ec7nh hay kh\u00f4ng.<\/p>\n<p><span class=\"glo-see\">Xem: <a href=\"https:\/\/bjftradinggroup.com\/latency-arbitrage\/\">H\u01b0\u1edbng d\u1eabn giao d\u1ecbch ch\u00eanh l\u1ec7ch \u0111\u1ed9 tr\u1ec5<\/a>. Li\u00ean quan: lu\u1ed3ng nhanh, lu\u1ed3ng ch\u1eadm, \u0111\u1ed9 tr\u1ec5 kh\u1edbp l\u1ec7nh, lu\u1ed3ng l\u1ec7nh \u0111\u1ed9c h\u1ea1i.<\/span><\/div>\n<div class=\"glo-term\" id=\"triangular-arbitrage\"><span class=\"glo-t\">Giao d\u1ecbch ch\u00eanh l\u1ec7ch tam gi\u00e1c<\/span><\/p>\n<p>Khai th\u00e1c s\u1ef1 kh\u00f4ng nh\u1ea5t qu\u00e1n v\u1ec1 gi\u00e1 gi\u1eefa ba c\u1eb7p ti\u1ec1n t\u1ec7 ho\u1eb7c ti\u1ec1n m\u00e3 h\u00f3a, ch\u1eb3ng h\u1ea1n \u0111\u1ed5i A sang B, B sang C r\u1ed3i C tr\u1edf l\u1ea1i A, khi t\u1ef7 gi\u00e1 ch\u00e9o ng\u1ea7m \u0111\u1ecbnh kh\u00e1c v\u1edbi t\u1ef7 gi\u00e1 \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft. Ch\u00eanh l\u1ec7ch th\u01b0\u1eddng r\u1ea5t nh\u1ecf v\u00e0 nhanh ch\u00f3ng bi\u1ebfn m\u1ea5t.<\/p>\n<p><span class=\"glo-see\">Li\u00ean quan: giao d\u1ecbch ch\u00eanh l\u1ec7ch gi\u1eefa c\u00e1c s\u00e0n, giao d\u1ecbch ch\u00eanh l\u1ec7ch kh\u00f4ng gian.<\/span><\/div>\n<div class=\"glo-term\" id=\"statistical-arbitrage\"><span class=\"glo-t\">Giao d\u1ecbch ch\u00eanh l\u1ec7ch th\u1ed1ng k\u00ea (Stat Arb)<\/span><\/p>\n<p>Ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ecbnh l\u01b0\u1ee3ng giao d\u1ecbch nhi\u1ec1u c\u00f4ng c\u1ee5 c\u00f3 t\u01b0\u01a1ng quan d\u1ef1a tr\u00ean c\u00e1c m\u1ed1i quan h\u1ec7 th\u1ed1ng k\u00ea v\u00e0 s\u1ef1 h\u1ed3i quy v\u1ec1 trung b\u00ecnh, thay v\u00ec m\u1ed9t ch\u00eanh l\u1ec7ch gi\u00e1 \u0111\u01b0\u1ee3c b\u1ea3o \u0111\u1ea3m. Th\u00e0nh c\u00f4ng ph\u1ee5 thu\u1ed9c v\u00e0o m\u00f4 h\u00ecnh v\u00e0 kh\u1ea3 n\u0103ng \u0111a d\u1ea1ng h\u00f3a qua nhi\u1ec1u giao d\u1ecbch.<\/p>\n<p><span class=\"glo-see\">Xem: <a href=\"https:\/\/bjftradinggroup.com\/forex-pairs-trading-statistical-arbitrage\/\">Giao d\u1ecbch theo c\u1eb7p v\u00e0 giao d\u1ecbch ch\u00eanh l\u1ec7ch th\u1ed1ng k\u00ea<\/a>.<\/span><\/div>\n<div class=\"glo-term\" id=\"pair-trading\"><span class=\"glo-t\">Giao d\u1ecbch theo c\u1eb7p<\/span><\/p>\n<p>Mua m\u1ed9t c\u00f4ng c\u1ee5 v\u00e0 b\u00e1n m\u1ed9t c\u00f4ng c\u1ee5 c\u00f3 t\u01b0\u01a1ng quan, thu l\u1ee3i khi ch\u00eanh l\u1ec7ch gi\u1eefa ch\u00fang tr\u1edf l\u1ea1i ph\u1ea1m vi th\u00f4ng th\u01b0\u1eddng. Chi\u1ebfn l\u01b0\u1ee3c trung l\u1eadp v\u1ec1 h\u01b0\u1edbng nh\u01b0ng c\u00f3 r\u1ee7i ro m\u1ed9t ph\u00eda n\u1ebfu ch\u1ec9 m\u1ed9t b\u00ean \u0111\u01b0\u1ee3c kh\u1edbp.<\/p>\n<p><span class=\"glo-see\">Xem: <a href=\"https:\/\/bjftradinggroup.com\/forex-pairs-trading-statistical-arbitrage\/\">H\u01b0\u1edbng d\u1eabn giao d\u1ecbch theo c\u1eb7p<\/a>. Li\u00ean quan: r\u1ee7i ro m\u1ed9t ph\u00eda, \u0111i\u1ec3m Z c\u1ee7a ch\u00eanh l\u1ec7ch, ph\u00f2ng h\u1ed9.<\/span><\/div>\n<div class=\"glo-term\" id=\"cross-exchange-arbitrage\"><span class=\"glo-t\">Giao d\u1ecbch ch\u00eanh l\u1ec7ch gi\u1eefa c\u00e1c s\u00e0n<\/span><\/p>\n<p>Mua t\u00e0i s\u1ea3n t\u1ea1i m\u1ed9t s\u00e0n v\u00e0 b\u00e1n t\u1ea1i s\u00e0n kh\u00e1c c\u00f3 gi\u00e1 cao h\u01a1n. Ph\u1ed5 bi\u1ebfn trong ti\u1ec1n m\u00e3 h\u00f3a v\u00ec thanh kho\u1ea3n b\u1ecb ph\u00e2n t\u00e1n gi\u1eefa nhi\u1ec1u s\u00e0n. Ph\u00ed, th\u1eddi gian chuy\u1ec3n v\u00e0 gi\u1edbi h\u1ea1n r\u00fat ti\u1ec1n th\u01b0\u1eddng l\u00e0m m\u1ea5t ch\u00eanh l\u1ec7ch.<\/p>\n<p><span class=\"glo-see\">Li\u00ean quan: giao d\u1ecbch ch\u00eanh l\u1ec7ch kh\u00f4ng gian, CEX, r\u1ee7i ro r\u00fat ti\u1ec1n.<\/span><\/div>\n<div class=\"glo-term\" id=\"basis-arbitrage\"><span class=\"glo-t\">Giao d\u1ecbch ch\u00eanh l\u1ec7ch c\u01a1 s\u1edf (cash-and-carry)<\/span><\/p>\n<p>Thu l\u1ee3i t\u1eeb ch\u00eanh l\u1ec7ch gi\u1eefa gi\u00e1 giao ngay v\u00e0 gi\u00e1 h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai b\u1eb1ng c\u00e1ch gi\u1eef t\u00e0i s\u1ea3n giao ngay v\u00e0 b\u00e1n h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai, ho\u1eb7c ng\u01b0\u1ee3c l\u1ea1i, cho \u0111\u1ebfn khi ch\u00fang h\u1ed9i t\u1ee5. Ph\u1ee5 thu\u1ed9c v\u00e0o v\u1ed1n v\u00e0 ch\u1eadm h\u01a1n c\u00e1c chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ed9 tr\u1ec5.<\/p>\n<p><span class=\"glo-see\">Li\u00ean quan: giao d\u1ecbch ch\u00eanh l\u1ec7ch ph\u00ed t\u00e0i tr\u1ee3, h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai v\u0129nh vi\u1ec5n.<\/span><\/div>\n<div class=\"glo-term\" id=\"funding-rate-arbitrage\"><span class=\"glo-t\">Giao d\u1ecbch ch\u00eanh l\u1ec7ch ph\u00ed t\u00e0i tr\u1ee3<\/span><\/p>\n<p>Nh\u1eadn kho\u1ea3n ph\u00ed t\u00e0i tr\u1ee3 \u0111\u1ecbnh k\u1ef3 c\u1ee7a h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai v\u0129nh vi\u1ec5n b\u1eb1ng c\u00e1ch gi\u1eef c\u00e1c v\u1ecb th\u1ebf giao ngay v\u00e0 v\u0129nh vi\u1ec5n \u0111\u1ed1i \u1ee9ng. M\u1ee9c \u0111\u1ed9 ph\u01a1i nhi\u1ec5m theo h\u01b0\u1edbng g\u1ea7n b\u1eb1ng kh\u00f4ng v\u00e0 ph\u00ed t\u00e0i tr\u1ee3 tr\u1edf th\u00e0nh l\u1ee3i nhu\u1eadn. L\u1ee3i nhu\u1eadn t\u0103ng theo v\u1ed1n, kh\u00f4ng ph\u1ea3i t\u1ed1c \u0111\u1ed9.<\/p>\n<p><span class=\"glo-see\">Xem: <a href=\"https:\/\/bjftradinggroup.com\/funding-rate-arbitrage\/\">Giao d\u1ecbch ch\u00eanh l\u1ec7ch ph\u00ed t\u00e0i tr\u1ee3<\/a>. Li\u00ean quan: h\u1ee3p \u0111\u1ed3ng v\u0129nh vi\u1ec5n, ch\u00eanh l\u1ec7ch c\u01a1 s\u1edf.<\/span><\/div>\n<div class=\"glo-term\" id=\"swap-arbitrage\"><span class=\"glo-t\">Giao d\u1ecbch ch\u00eanh l\u1ec7ch swap<\/span><\/p>\n<p>Khai th\u00e1c kh\u00e1c bi\u1ec7t gi\u1eefa c\u00e1c m\u1ee9c swap qua \u0111\u00eam ho\u1eb7c rollover c\u1ee7a nh\u1eefng nh\u00e0 m\u00f4i gi\u1edbi hay lo\u1ea1i t\u00e0i kho\u1ea3n kh\u00e1c nhau, ch\u1eb3ng h\u1ea1n gi\u1eef v\u1ecb th\u1ebf nh\u1eadn swap d\u01b0\u01a1ng t\u1ea1i m\u1ed9t n\u01a1i v\u00e0 v\u1ecb th\u1ebf \u0111\u1ed1i \u1ee9ng t\u1ea1i n\u01a1i c\u00f3 ph\u00ed th\u1ea5p h\u01a1n ho\u1eb7c \u0111\u01b0\u1ee3c mi\u1ec5n.<\/p>\n<p><span class=\"glo-see\">Li\u00ean quan: giao d\u1ecbch ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t c\u00f3 ph\u00f2ng h\u1ed9, swap \u00e2m.<\/span><\/div>\n<div class=\"glo-term\" id=\"covered-interest-arbitrage\"><span class=\"glo-t\">Giao d\u1ecbch ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t c\u00f3 ph\u00f2ng h\u1ed9<\/span><\/p>\n<p>S\u1eed d\u1ee5ng h\u1ee3p \u0111\u1ed3ng k\u1ef3 h\u1ea1n \u0111\u1ec3 c\u1ed1 \u0111\u1ecbnh l\u1ee3i nhu\u1eadn phi r\u1ee7i ro t\u1eeb ch\u00eanh l\u1ec7ch l\u00e3i su\u1ea5t gi\u1eefa hai \u0111\u1ed3ng ti\u1ec1n v\u00e0 ph\u00f2ng h\u1ed9 r\u1ee7i ro t\u1ef7 gi\u00e1. \u0110\u00e2y l\u00e0 ph\u01b0\u01a1ng ph\u00e1p l\u00fd thuy\u1ebft kinh \u0111i\u1ec3n \u0111\u1eb1ng sau c\u00e1ch \u0111\u1ecbnh gi\u00e1 swap Forex.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"news-arbitrage\"><span class=\"glo-t\">Giao d\u1ecbch ch\u00eanh l\u1ec7ch theo tin t\u1ee9c ho\u1eb7c s\u1ef1 ki\u1ec7n<\/span><\/p>\n<p>Giao d\u1ecbch nh\u1eefng bi\u1ebfn \u0111\u1ed9ng gi\u00e1 l\u1edbn v\u00e0 nhanh xung quanh th\u1eddi \u0111i\u1ec3m c\u00f4ng b\u1ed1 d\u1eef li\u1ec7u kinh t\u1ebf, t\u1eadn d\u1ee5ng kho\u1ea3ng th\u1eddi gian t\u1eeb l\u00fac d\u1eef li\u1ec7u \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh \u0111\u1ebfn khi gi\u00e1 \u0111i\u1ec1u ch\u1ec9nh ho\u00e0n to\u00e0n. Nh\u1ea1y c\u1ea3m v\u1edbi t\u1ed1c \u0111\u1ed9 v\u00e0 ch\u1ecbu s\u1ef1 gi\u00e1m s\u00e1t ch\u1eb7t ch\u1ebd c\u1ee7a b\u1ed9 ph\u1eadn r\u1ee7i ro.<\/p>\n<p><span class=\"glo-see\">Xem: <a href=\"https:\/\/bjftradinggroup.com\/economic-news-trading-software\/\">Ph\u1ea7n m\u1ec1m giao d\u1ecbch theo tin t\u1ee9c<\/a>. Li\u00ean quan: l\u1ecbch kinh t\u1ebf, bi\u1ebfn \u0111\u1ed9ng \u0111\u1ed9t bi\u1ebfn, gi\u00e3n ch\u00eanh l\u1ec7ch tr\u01b0\u1edbc tin t\u1ee9c.<\/span><\/div>\n<div class=\"glo-term\" id=\"spatial-arbitrage\"><span class=\"glo-t\">Giao d\u1ecbch ch\u00eanh l\u1ec7ch kh\u00f4ng gian<\/span><\/p>\n<p>Thu\u1eadt ng\u1eef chung cho vi\u1ec7c \u0111\u1ed3ng th\u1eddi khai th\u00e1c ch\u00eanh l\u1ec7ch gi\u00e1 c\u1ee7a c\u00f9ng m\u1ed9t t\u00e0i s\u1ea3n t\u1ea1i hai \u0111\u1ecba \u0111i\u1ec3m, s\u00e0n ho\u1eb7c khu v\u1ef1c. Giao d\u1ecbch ch\u00eanh l\u1ec7ch ti\u1ec1n m\u00e3 h\u00f3a gi\u1eefa c\u00e1c s\u00e0n l\u00e0 v\u00ed d\u1ee5 hi\u1ec7n \u0111\u1ea1i ph\u1ed5 bi\u1ebfn nh\u1ea5t.<\/p>\n<\/div>\n<p>  <!-- ============ EXECUTION ============ --><\/p>\n<h2 id=\"execution\">Nh\u00e0 m\u00f4i gi\u1edbi &amp; kh\u1edbp l\u1ec7nh<\/h2>\n<div class=\"glo-term\" id=\"a-book\"><span class=\"glo-t\">A-book<\/span><\/p>\n<p>M\u00f4 h\u00ecnh nh\u00e0 m\u00f4i gi\u1edbi chuy\u1ec3n l\u1ec7nh c\u1ee7a kh\u00e1ch h\u00e0ng \u0111\u1ebfn nh\u00e0 cung c\u1ea5p thanh kho\u1ea3n b\u00ean ngo\u00e0i v\u00e0 thu l\u1ee3i t\u1eeb ph\u1ea7n c\u1ed9ng th\u00eam v\u00e0o ch\u00eanh l\u1ec7ch ho\u1eb7c hoa h\u1ed3ng. Nh\u00e0 m\u00f4i gi\u1edbi kh\u00f4ng c\u00f3 l\u1ee3i \u00edch tr\u1ef1c ti\u1ebfp trong vi\u1ec7c kh\u00e1ch h\u00e0ng th\u1eafng hay thua.<\/p>\n<p><span class=\"glo-see\">Xem: <a href=\"https:\/\/bjftradinggroup.com\/broker-execution-transparency\/\">C\u00e1ch nh\u00e0 m\u00f4i gi\u1edbi kh\u1edbp l\u1ec7nh c\u1ee7a b\u1ea1n<\/a>. Li\u00ean quan: STP, ECN, B-book.<\/span><\/div>\n<div class=\"glo-term\" id=\"b-book\"><span class=\"glo-t\">B-book<\/span><\/p>\n<p>M\u00f4 h\u00ecnh nh\u00e0 m\u00f4i gi\u1edbi gi\u1eef l\u1ec7nh n\u1ed9i b\u1ed9 v\u00e0 \u0111\u1ee9ng \u1edf ph\u00eda \u0111\u1ed1i di\u1ec7n, khi\u1ebfn kho\u1ea3n l\u1ed7 c\u1ee7a kh\u00e1ch h\u00e0ng tr\u1edf th\u00e0nh doanh thu. Kh\u00f4ng nh\u1ea5t thi\u1ebft l\u00e0 x\u1ea5u, nh\u01b0ng xung \u0111\u1ed9t l\u1ee3i \u00edch tr\u1edf th\u00e0nh v\u1ea5n \u0111\u1ec1 n\u1ebfu tuy\u1ebfn l\u1ec7nh c\u1ee7a c\u00e1c t\u00e0i kho\u1ea3n sinh l\u1eddi b\u1ecb b\u00ed m\u1eadt thay \u0111\u1ed5i.<\/p>\n<p><span class=\"glo-see\">Xem: <a href=\"https:\/\/bjftradinggroup.com\/broker-execution-transparency\/\">Gi\u1ea3i th\u00edch A-book v\u00e0 B-book<\/a>. Li\u00ean quan: b\u00e0n giao d\u1ecbch, n\u1ed9i b\u1ed9 h\u00f3a, lu\u1ed3ng l\u1ec7nh \u0111\u1ed9c h\u1ea1i.<\/span><\/div>\n<div class=\"glo-term\" id=\"hybrid-c-book\"><span class=\"glo-t\">M\u00f4 h\u00ecnh k\u1ebft h\u1ee3p \/ C-book<\/span><\/p>\n<p>M\u00f4 h\u00ecnh h\u1ed7n h\u1ee3p trong \u0111\u00f3 nh\u00e0 m\u00f4i gi\u1edbi gi\u1eef m\u1ed9t ph\u1ea7n lu\u1ed3ng l\u1ec7nh n\u1ed9i b\u1ed9 v\u00e0 ph\u00f2ng h\u1ed9 ph\u1ea7n c\u00f2n l\u1ea1i v\u1edbi nh\u00e0 cung c\u1ea5p thanh kho\u1ea3n, \u0111\u01b0\u1ee3c \u0111i\u1ec1u ch\u1ec9nh theo t\u1eebng kh\u00e1ch h\u00e0ng. T\u00ednh c\u00f4ng b\u1eb1ng ph\u1ee5 thu\u1ed9c ho\u00e0n to\u00e0n v\u00e0o vi\u1ec7c c\u00f4ng khai tuy\u1ebfn l\u1ec7nh.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"dealing-desk\"><span class=\"glo-t\">B\u00e0n giao d\u1ecbch (DD)<\/span><\/p>\n<p>Nh\u00e0 m\u00f4i gi\u1edbi ho\u1ea1t \u0111\u1ed9ng nh\u01b0 nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng v\u00e0 qu\u1ea3n l\u00fd n\u1ed9i b\u1ed9 ph\u00eda \u0111\u1ed1i di\u1ec7n c\u1ee7a giao d\u1ecbch kh\u00e1ch h\u00e0ng. C\u00f3 th\u1ec3 cung c\u1ea5p m\u1ee9c ch\u00eanh l\u1ec7ch nh\u1ecf nh\u01b0ng c\u00f3 quy\u1ec1n quy\u1ebft \u0111\u1ecbnh \u0111\u1ed1i v\u1edbi ho\u1ea1t \u0111\u1ed9ng kh\u1edbp l\u1ec7nh.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"ndd\"><span class=\"glo-t\">Kh\u00f4ng c\u00f3 b\u00e0n giao d\u1ecbch (NDD)<\/span><\/p>\n<p>Nh\u00e0 m\u00f4i gi\u1edbi chuy\u1ec3n l\u1ec7nh \u0111\u1ebfn thanh kho\u1ea3n b\u00ean ngo\u00e0i thay v\u00ec n\u1ed9i b\u1ed9 h\u00f3a. \u0110\u00e2y l\u00e0 nh\u00e3n v\u1ec1 tuy\u1ebfn l\u1ec7nh, kh\u00f4ng b\u1ea3o \u0111\u1ea3m l\u1ec7nh \u0111\u01b0\u1ee3c kh\u1edbp c\u00f4ng b\u1eb1ng v\u00ec ch\u1ea5t l\u01b0\u1ee3ng thanh kho\u1ea3n v\u00e0 b\u1ed9 l\u1ecdc ri\u00eang cho t\u1eebng t\u00e0i kho\u1ea3n v\u1eabn c\u00f3 \u1ea3nh h\u01b0\u1edfng.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"stp\"><span class=\"glo-t\">STP (x\u1eed l\u00fd xuy\u00ean su\u1ed1t)<\/span><\/p>\n<p>Chuy\u1ec3n l\u1ec7nh c\u1ee7a kh\u00e1ch h\u00e0ng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn nh\u00e0 cung c\u1ea5p thanh kho\u1ea3n m\u00e0 kh\u00f4ng c\u00f3 s\u1ef1 can thi\u1ec7p c\u1ee7a b\u00e0n giao d\u1ecbch. M\u1ed9t h\u00ecnh th\u1ee9c \u0111\u1ecbnh tuy\u1ebfn A-book.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"ecn\"><span class=\"glo-t\">ECN (m\u1ea1ng truy\u1ec1n th\u00f4ng \u0111i\u1ec7n t\u1eed)<\/span><\/p>\n<p>N\u1ec1n t\u1ea3ng gh\u00e9p l\u1ec7nh c\u1ee7a nhi\u1ec1u ng\u01b0\u1eddi tham gia v\u00e0 hi\u1ec3n th\u1ecb \u0111\u1ed9 s\u00e2u th\u1ecb tr\u01b0\u1eddng. Th\u01b0\u1eddng thu hoa h\u1ed3ng tr\u00ean m\u1ee9c ch\u00eanh l\u1ec7ch th\u00f4 v\u00e0 \u0111\u01b0\u1ee3c qu\u1ea3ng b\u00e1 l\u00e0 m\u00f4 h\u00ecnh tuy\u1ebfn l\u1ec7nh b\u00e1n l\u1ebb minh b\u1ea1ch nh\u1ea5t.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"market-maker\"><span class=\"glo-t\">Nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng<\/span><\/p>\n<p>\u0110\u01a1n v\u1ecb b\u00e1o c\u1ea3 gi\u00e1 mua v\u00e0 gi\u00e1 b\u00e1n, thu l\u1ee3i t\u1eeb ch\u00eanh l\u1ec7ch v\u00e0 qu\u1ea3n l\u00fd r\u1ee7i ro h\u00e0ng t\u1ed3n kho. C\u00e1c nh\u00e0 m\u00f4i gi\u1edbi B-book b\u00e1n l\u1ebb \u0111\u00f3ng vai tr\u00f2 nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng cho kh\u00e1ch h\u00e0ng.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"internalization\"><span class=\"glo-t\">N\u1ed9i b\u1ed9 h\u00f3a<\/span><\/p>\n<p>Kh\u1edbp l\u1ec7nh c\u1ee7a kh\u00e1ch h\u00e0ng v\u1edbi s\u1ed5 l\u1ec7nh ri\u00eang c\u1ee7a nh\u00e0 m\u00f4i gi\u1edbi thay v\u00ec g\u1eedi ra th\u1ecb tr\u01b0\u1eddng. C\u00f3 th\u1ec3 hi\u1ec7u qu\u1ea3 v\u00e0 cung c\u1ea5p k\u1ebft qu\u1ea3 t\u1ed1t nh\u01b0ng t\u1eadp trung xung \u0111\u1ed9t l\u1ee3i \u00edch t\u1ea1i nh\u00e0 m\u00f4i gi\u1edbi.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"toxic-flow\"><span class=\"glo-t\">Lu\u1ed3ng l\u1ec7nh \u0111\u1ed9c h\u1ea1i<\/span><\/p>\n<p>Lu\u1ed3ng l\u1ec7nh li\u00ean t\u1ee5c t\u1ea1o ra l\u1ee3i nhu\u1eadn tr\u01b0\u1edbc ph\u00eda \u0111\u1ed1i di\u1ec7n, th\u01b0\u1eddng nh\u1edd l\u1ee3i th\u1ebf v\u1ec1 t\u1ed1c \u0111\u1ed9 ho\u1eb7c th\u00f4ng tin. Nh\u00e0 m\u00f4i gi\u1edbi ph\u00f2ng h\u1ed9, t\u1eeb ch\u1ed1i ho\u1eb7c l\u1ecdc v\u00ec kh\u00f4ng th\u1ec3 gi\u1eef lu\u1ed3ng n\u00e0y m\u1ed9t c\u00e1ch sinh l\u1eddi.<\/p>\n<p><span class=\"glo-see\">Xem: <a href=\"https:\/\/bjftradinggroup.com\/broker-execution-transparency\/\">Gi\u1ea3i th\u00edch lu\u1ed3ng l\u1ec7nh \u0111\u1ed9c h\u1ea1i<\/a>. Li\u00ean quan: giao d\u1ecbch ch\u00eanh l\u1ec7ch \u0111\u1ed9 tr\u1ec5, tr\u00ecnh b\u1ed5 tr\u1ee3 nh\u00e0 giao d\u1ecbch \u1ea3o.<\/span><\/div>\n<div class=\"glo-term\" id=\"last-look\"><span class=\"glo-t\">Last look<\/span><\/p>\n<p>Kho\u1ea3ng th\u1eddi gian ng\u1eafn sau khi l\u1ec7nh \u0111\u01b0\u1ee3c g\u1eedi, trong \u0111\u00f3 ph\u00eda kh\u1edbp l\u1ec7nh c\u00f3 th\u1ec3 ch\u1ea5p nh\u1eadn, t\u1eeb ch\u1ed1i ho\u1eb7c \u0111\u1ecbnh gi\u00e1 l\u1ea1i giao d\u1ecbch sau khi \u0111\u00e3 xem y\u00eau c\u1ea7u. Last look \u0111\u1ed1i x\u1ee9ng l\u00e0 b\u01b0\u1edbc ki\u1ec3m tra r\u1ee7i ro c\u00f4ng b\u1eb1ng; lo\u1ea1i b\u1ea5t \u0111\u1ed1i x\u1ee9ng g\u00e2y b\u1ea5t l\u1ee3i cho kh\u00e1ch h\u00e0ng.<\/p>\n<p><span class=\"glo-see\">Xem: <a href=\"https:\/\/bjftradinggroup.com\/broker-execution-transparency\/\">Last look v\u00e0 tr\u01b0\u1ee3t gi\u00e1<\/a>. Li\u00ean quan: tr\u01b0\u1ee3t gi\u00e1 b\u1ea5t \u0111\u1ed1i x\u1ee9ng, t\u1ef7 l\u1ec7 t\u1eeb ch\u1ed1i.<\/span><\/div>\n<div class=\"glo-term\" id=\"asymmetric-last-look\"><span class=\"glo-t\">Last look b\u1ea5t \u0111\u1ed1i x\u1ee9ng<\/span><\/p>\n<p>\u00c1p d\u1ee5ng last look kh\u00f4ng c\u00f4ng b\u1eb1ng: l\u1ec7nh \u0111\u01b0\u1ee3c kh\u1edbp khi gi\u00e1 bi\u1ebfn \u0111\u1ed9ng b\u1ea5t l\u1ee3i cho kh\u00e1ch h\u00e0ng nh\u01b0ng b\u1ecb t\u1eeb ch\u1ed1i khi gi\u00e1 bi\u1ebfn \u0111\u1ed9ng c\u00f3 l\u1ee3i. Qua nhi\u1ec1u giao d\u1ecbch, \u0111i\u1ec1u n\u00e0y tr\u1edf th\u00e0nh chi ph\u00ed \u1ea9n l\u1edbn nh\u01b0ng c\u00f3 v\u1ebb ch\u1ec9 l\u00e0 thi\u1ebfu may m\u1eafn trong m\u1ed9t l\u1ea7n kh\u1edbp.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"slippage\"><span class=\"glo-t\">Tr\u01b0\u1ee3t gi\u00e1<\/span><\/p>\n<p>Ch\u00eanh l\u1ec7ch gi\u1eefa gi\u00e1 y\u00eau c\u1ea7u v\u00e0 gi\u00e1 th\u1ef1c t\u1ebf nh\u1eadn \u0111\u01b0\u1ee3c. \u0110\u00e2y l\u00e0 hi\u1ec7n t\u01b0\u1ee3ng b\u00ecnh th\u01b0\u1eddng trong th\u1ecb tr\u01b0\u1eddng bi\u1ebfn \u0111\u1ed9ng; d\u1ea5u hi\u1ec7u c\u1ea3nh b\u00e1o l\u00e0 h\u00ecnh d\u1ea1ng ph\u00e2n b\u1ed1 ch\u1ee9 kh\u00f4ng ch\u1ec9 quy m\u00f4.<\/p>\n<p><span class=\"glo-see\">Li\u00ean quan: tr\u01b0\u1ee3t gi\u00e1 b\u1ea5t \u0111\u1ed1i x\u1ee9ng, c\u1ea3i thi\u1ec7n gi\u00e1.<\/span><\/div>\n<div class=\"glo-term\" id=\"asymmetric-slippage\"><span class=\"glo-t\">Tr\u01b0\u1ee3t gi\u00e1 b\u1ea5t \u0111\u1ed1i x\u1ee9ng<\/span><\/p>\n<p>Tr\u01b0\u1ee3t gi\u00e1 \u00e2m c\u00f3 t\u00ednh h\u1ec7 th\u1ed1ng: l\u1ec7nh \u0111\u01b0\u1ee3c kh\u1edbp \u1edf gi\u00e1 x\u1ea5u h\u01a1n nhi\u1ec1u h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi gi\u00e1 t\u1ed1t h\u01a1n. \u0110\u00e2y l\u00e0 d\u1ea5u hi\u1ec7u m\u1ea1nh c\u1ee7a ho\u1ea1t \u0111\u1ed9ng kh\u1edbp l\u1ec7nh b\u1ea5t l\u1ee3i v\u00e0 c\u00f3 th\u1ec3 \u0111o b\u1eb1ng c\u00e1ch so s\u00e1nh s\u1ed1 l\u1ea7n tr\u01b0\u1ee3t gi\u00e1 d\u01b0\u01a1ng v\u1edbi \u00e2m.<\/p>\n<p><span class=\"glo-see\">Xem: <a href=\"https:\/\/bjftradinggroup.com\/broker-execution-transparency\/\">Ph\u00e2n t\u00edch tr\u01b0\u1ee3t gi\u00e1<\/a>.<\/span><\/div>\n<div class=\"glo-term\" id=\"requote\"><span class=\"glo-t\">B\u00e1o gi\u00e1 l\u1ea1i<\/span><\/p>\n<p>Thay v\u00ec kh\u1edbp ho\u1eb7c t\u1eeb ch\u1ed1i l\u1ec7nh, m\u00e1y ch\u1ee7 \u0111\u01b0a ra m\u1ed9t gi\u00e1 m\u1edbi, th\u01b0\u1eddng x\u1ea5u h\u01a1n, v\u00e0 y\u00eau c\u1ea7u x\u00e1c nh\u1eadn. Ch\u1ec9 ri\u00eang \u0111\u1ed9 tr\u1ec5 c\u0169ng c\u00f3 th\u1ec3 ph\u00e1 h\u1ecfng chi\u1ebfn l\u01b0\u1ee3c nhanh; b\u00e1o gi\u00e1 l\u1ea1i c\u00f3 ch\u1ecdn l\u1ecdc cho giao d\u1ecbch sinh l\u1eddi cho th\u1ea5y ho\u1ea1t \u0111\u1ed9ng kh\u1edbp l\u1ec7nh c\u00f3 ch\u1ee7 \u0111\u00edch.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"price-improvement\"><span class=\"glo-t\">C\u1ea3i thi\u1ec7n gi\u00e1<\/span><\/p>\n<p>Kh\u1edbp l\u1ec7nh \u1edf m\u1ee9c gi\u00e1 t\u1ed1t h\u01a1n gi\u00e1 y\u00eau c\u1ea7u. C\u1ea3i thi\u1ec7n gi\u00e1 th\u1ef1c s\u1ef1 xu\u1ea5t hi\u1ec7n trong nh\u1eadt k\u00fd giao d\u1ecbch, kh\u00f4ng ch\u1ec9 trong n\u1ed9i dung qu\u1ea3ng c\u00e1o. Vi\u1ec7c g\u1ea7n nh\u01b0 ho\u00e0n to\u00e0n kh\u00f4ng c\u00f3 c\u1ea3i thi\u1ec7n l\u00e0 m\u1ed9t d\u1ea5u hi\u1ec7u c\u1ea3nh b\u00e1o.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"fill-rate\"><span class=\"glo-t\">T\u1ef7 l\u1ec7 kh\u1edbp l\u1ec7nh<\/span><\/p>\n<p>T\u1ef7 l\u1ec7 l\u1ec7nh \u0111\u01b0\u1ee3c kh\u1edbp tr\u00ean t\u1ed5ng s\u1ed1 l\u1ec7nh \u0111\u00e3 g\u1eedi. T\u1ef7 l\u1ec7 l\u00e0nh m\u1ea1nh ph\u1ea3i cao v\u00e0 \u1ed5n \u0111\u1ecbnh trong c\u00e1c \u0111i\u1ec1u ki\u1ec7n th\u1ecb tr\u01b0\u1eddng kh\u00e1c nhau, \u0111\u1ed3ng th\u1eddi kh\u00f4ng gi\u1ea3m \u0111\u1ed1i v\u1edbi giao d\u1ecbch sinh l\u1eddi.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"rejection-rate\"><span class=\"glo-t\">T\u1ef7 l\u1ec7 t\u1eeb ch\u1ed1i<\/span><\/p>\n<p>T\u1ef7 l\u1ec7 l\u1ec7nh b\u1ecb t\u1eeb ch\u1ed1i thay v\u00ec \u0111\u01b0\u1ee3c kh\u1edbp. T\u1ef7 l\u1ec7 th\u1ea5p l\u00e0 t\u1ed1t v\u00e0 kh\u00f4ng n\u00ean c\u00f3 t\u01b0\u01a1ng quan v\u1edbi c\u00e1c giao d\u1ecbch s\u1eafp bi\u1ebfn \u0111\u1ed9ng c\u00f3 l\u1ee3i cho b\u1ea1n.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"spread-markup\"><span class=\"glo-t\">Ph\u1ea7n c\u1ed9ng th\u00eam v\u00e0o ch\u00eanh l\u1ec7ch<\/span><\/p>\n<p>Kho\u1ea3n ch\u00eanh l\u1ec7ch b\u1ed5 sung m\u00e0 nh\u00e0 m\u00f4i gi\u1edbi c\u1ed9ng v\u00e0o m\u1ee9c ch\u00eanh l\u1ec7ch thanh kho\u1ea3n th\u00f4 nh\u01b0 m\u1ed9t chi ph\u00ed kinh doanh. Kho\u1ea3n c\u1ed9ng ri\u00eang cho t\u00e0i kho\u1ea3n ch\u1ec9 xu\u1ea5t hi\u1ec7n \u1edf c\u00e1c m\u00f4 h\u00ecnh sinh l\u1eddi l\u00e0 m\u1ed9t d\u1ea1ng kh\u1edbp l\u1ec7nh c\u00f3 ch\u1ee7 \u0111\u00edch.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"virtual-dealer-plugin\"><span class=\"glo-t\">Tr\u00ecnh b\u1ed5 tr\u1ee3 nh\u00e0 giao d\u1ecbch \u1ea3o (VDP)<\/span><\/p>\n<p>Thu\u1eadt ng\u1eef chung cho m\u00f4-\u0111un m\u00e1y ch\u1ee7 \u00e1p d\u1ee5ng \u0111\u1ed9 tr\u1ec5, tr\u01b0\u1ee3t gi\u00e1 nh\u00e2n t\u1ea1o, b\u00e1o gi\u00e1 l\u1ea1i ho\u1eb7c t\u1eeb ch\u1ed1i c\u00f3 th\u1ec3 c\u1ea5u h\u00ecnh cho c\u00e1c t\u00e0i kho\u1ea3n \u0111\u01b0\u1ee3c ch\u1ecdn, nh\u1eb1m v\u00f4 hi\u1ec7u h\u00f3a lu\u1ed3ng m\u00e0 nh\u00e0 m\u00f4i gi\u1edbi kh\u00f4ng th\u1ec3 ph\u00f2ng h\u1ed9. D\u1ea5u hi\u1ec7u l\u00e0 \u0111\u1ed9 tr\u1ec5 kh\u1edbp l\u1ec7nh b\u1ed5 sung d\u00e0nh ri\u00eang cho t\u00e0i kho\u1ea3n.<\/p>\n<p><span class=\"glo-see\">Xem: <a href=\"https:\/\/bjftradinggroup.com\/anti-arbitrage-plugins\/\">Tr\u00ecnh b\u1ed5 tr\u1ee3 ch\u1ed1ng giao d\u1ecbch ch\u00eanh l\u1ec7ch<\/a>.<\/span><\/div>\n<div class=\"glo-term\" id=\"execution-latency\"><span class=\"glo-t\">\u0110\u1ed9 tr\u1ec5 kh\u1edbp l\u1ec7nh<\/span><\/p>\n<p>Th\u1eddi gian t\u1eeb l\u00fac g\u1eedi l\u1ec7nh \u0111\u1ebfn khi nh\u1eadn k\u1ebft qu\u1ea3 kh\u1edbp. \u0110\u00e2y l\u00e0 y\u1ebfu t\u1ed1 quy\u1ebft \u0111\u1ecbnh trong giao d\u1ecbch ch\u00eanh l\u1ec7ch \u0111\u1ed9 tr\u1ec5. M\u1ee9c t\u0103ng \u0111\u1ed9t ng\u1ed9t, \u0111\u1eb7c bi\u1ec7t sau khi t\u00e0i kho\u1ea3n b\u1eaft \u0111\u1ea7u sinh l\u1eddi, cho th\u1ea5y kh\u1ea3 n\u0103ng c\u00f3 \u0111\u1ed9 tr\u1ec5 m\u00e1y ch\u1ee7 c\u1ed1 \u00fd.<\/p>\n<p><span class=\"glo-see\">Xem: <a href=\"https:\/\/bjftradinggroup.com\/latency-arbitrage-backtest-execution-time-gap\/\">Kho\u1ea3ng c\u00e1ch th\u1eddi gian kh\u1edbp l\u1ec7nh<\/a>.<\/span><\/div>\n<p>  <!-- ============ INFRASTRUCTURE ============ --><\/p>\n<h2 id=\"infrastructure\">C\u01a1 s\u1edf h\u1ea1 t\u1ea7ng th\u1ecb tr\u01b0\u1eddng<\/h2>\n<div class=\"glo-term\" id=\"fix-api\"><span class=\"glo-t\">FIX API<\/span><\/p>\n<p>Giao th\u1ee9c Financial Information eXchange, \u0111\u1ecbnh d\u1ea1ng tin nh\u1eafn ti\u00eau chu\u1ea9n c\u1ee7a ng\u00e0nh \u0111\u1ec3 g\u1eedi l\u1ec7nh v\u00e0 d\u1eef li\u1ec7u th\u1ecb tr\u01b0\u1eddng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn nh\u00e0 m\u00f4i gi\u1edbi ho\u1eb7c n\u1ec1n t\u1ea3ng m\u00e0 kh\u00f4ng qua thi\u1ebft b\u1ecb \u0111\u1ea7u cu\u1ed1i b\u00e1n l\u1ebb. \u0110\u01b0\u1ee3c \u01b0u ti\u00ean cho ho\u1ea1t \u0111\u1ed9ng t\u1ef1 \u0111\u1ed9ng c\u00f3 \u0111\u1ed9 tr\u1ec5 th\u1ea5p.<\/p>\n<p><span class=\"glo-see\">Xem: <a href=\"https:\/\/bjftradinggroup.com\/fix-api-forex-trading\/\">Giao d\u1ecbch Forex qua FIX API<\/a>.<\/span><\/div>\n<div class=\"glo-term\" id=\"fix-bridge\"><span class=\"glo-t\">C\u1ea7u n\u1ed1i FIX<\/span><\/p>\n<p>Ph\u1ea7n m\u1ec1m k\u1ebft n\u1ed1i thi\u1ebft b\u1ecb \u0111\u1ea7u cu\u1ed1i ho\u1eb7c c\u00f4ng c\u1ee5 giao d\u1ecbch v\u1edbi nh\u00e0 cung c\u1ea5p thanh kho\u1ea3n qua FIX v\u00e0 chuy\u1ec3n \u0111\u1ed5i d\u1eef li\u1ec7u gi\u1eefa n\u1ec1n t\u1ea3ng v\u1edbi th\u1ecb tr\u01b0\u1eddng. \u0110\u00e2y l\u00e0 ngu\u1ed3n ph\u1ed5 bi\u1ebfn g\u00e2y \u0111\u1ed9 tr\u1ec5 \u1ea9n v\u00e0 kh\u00e1c bi\u1ec7t tri\u1ec3n khai.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"liquidity-provider\"><span class=\"glo-t\">Nh\u00e0 cung c\u1ea5p thanh kho\u1ea3n (LP)<\/span><\/p>\n<p>Ng\u00e2n h\u00e0ng, nh\u00e0 t\u1ea1o l\u1eadp th\u1ecb tr\u01b0\u1eddng phi ng\u00e2n h\u00e0ng ho\u1eb7c n\u1ec1n t\u1ea3ng cung c\u1ea5p b\u00e1o gi\u00e1 \u0111\u1ec3 nh\u00e0 m\u00f4i gi\u1edbi kh\u1edbp l\u1ec7nh kh\u00e1ch h\u00e0ng. Ch\u1ea5t l\u01b0\u1ee3ng v\u00e0 t\u1ed1c \u0111\u1ed9 c\u1ee7a LP \u0111\u1ecbnh h\u00ecnh ho\u1ea1t \u0111\u1ed9ng kh\u1edbp l\u1ec7nh.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"aggregator\"><span class=\"glo-t\">C\u00f4ng c\u1ee5 t\u1ed5ng h\u1ee3p<\/span><\/p>\n<p>H\u1ec7 th\u1ed1ng k\u1ebft h\u1ee3p b\u00e1o gi\u00e1 c\u1ee7a nhi\u1ec1u nh\u00e0 cung c\u1ea5p thanh kho\u1ea3n th\u00e0nh m\u1ed9t s\u1ed5 l\u1ec7nh s\u00e2u h\u01a1n \u0111\u1ec3 l\u1ec7nh c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c kh\u1edbp \u1edf gi\u00e1 t\u1ed1t nh\u1ea5t t\u1eeb m\u1ecdi ngu\u1ed3n.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"co-location\"><span class=\"glo-t\">\u0110\u1ed3ng v\u1ecb tr\u00ed<\/span><\/p>\n<p>\u0110\u1eb7t m\u00e1y ch\u1ee7 giao d\u1ecbch trong c\u00f9ng trung t\u00e2m d\u1eef li\u1ec7u v\u1edbi nh\u00e0 m\u00f4i gi\u1edbi ho\u1eb7c s\u00e0n \u0111\u1ec3 gi\u1ea3m \u0111\u1ed9 tr\u1ec5 m\u1ea1ng. G\u1ea7n nh\u01b0 b\u1eaft bu\u1ed9c \u0111\u1ed1i v\u1edbi giao d\u1ecbch ch\u00eanh l\u1ec7ch \u0111\u1ed9 tr\u1ec5 c\u00f3 t\u00ednh c\u1ea1nh tranh.<\/p>\n<p><span class=\"glo-see\">Xem: <a href=\"https:\/\/bjftradinggroup.com\/vps-speed-for-arbitrage\/\">T\u1ed1c \u0111\u1ed9 VPS cho giao d\u1ecbch ch\u00eanh l\u1ec7ch<\/a>.<\/span><\/div>\n<div class=\"glo-term\" id=\"vps\"><span class=\"glo-t\">VPS (m\u00e1y ch\u1ee7 ri\u00eang \u1ea3o)<\/span><\/p>\n<p>M\u00e1y ch\u1ee7 t\u1eeb xa lu\u00f4n ho\u1ea1t \u0111\u1ed9ng v\u00e0 ch\u1ea1y ph\u1ea7n m\u1ec1m giao d\u1ecbch. \u0110\u1ed1i v\u1edbi giao d\u1ecbch ch\u00eanh l\u1ec7ch, gi\u00e1 tr\u1ecb c\u1ee7a n\u00f3 n\u1eb1m \u1edf kho\u1ea3ng c\u00e1ch m\u1ea1ng \u0111\u1ebfn nh\u00e0 m\u00f4i gi\u1edbi, kh\u00f4ng ph\u1ea3i CPU hay RAM.<\/p>\n<p><span class=\"glo-see\">Xem: <a href=\"https:\/\/bjftradinggroup.com\/forex-arbitrage-vps\/\">H\u01b0\u1edbng d\u1eabn VPS cho giao d\u1ecbch ch\u00eanh l\u1ec7ch Forex<\/a>.<\/span><\/div>\n<div class=\"glo-term\" id=\"datacenters\"><span class=\"glo-t\">LD4 \/ NY4 \/ TY3<\/span><\/p>\n<p>C\u00e1c trung t\u00e2m d\u1eef li\u1ec7u t\u00e0i ch\u00ednh l\u1edbn t\u1ea1i London, New York v\u00e0 Tokyo, n\u01a1i nhi\u1ec1u nh\u00e0 m\u00f4i gi\u1edbi v\u00e0 nh\u00e0 cung c\u1ea5p thanh kho\u1ea3n \u0111\u1eb7t m\u00e1y ch\u1ee7. S\u1eed d\u1ee5ng c\u00f9ng c\u01a1 s\u1edf v\u1edbi nh\u00e0 m\u00f4i gi\u1edbi gi\u00fap gi\u1ea3m \u0111\u1ed9 tr\u1ec5.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"price-feed\"><span class=\"glo-t\">Lu\u1ed3ng gi\u00e1<\/span><\/p>\n<p>Lu\u1ed3ng b\u00e1o gi\u00e1 tr\u1ef1c ti\u1ebfp m\u00e0 chi\u1ebfn l\u01b0\u1ee3c ph\u1ea3n \u1ee9ng. Trong giao d\u1ecbch ch\u00eanh l\u1ec7ch \u0111\u1ed9 tr\u1ec5, lu\u1ed3ng tham chi\u1ebfu ph\u1ea3i nhanh h\u01a1n b\u00e1o gi\u00e1 c\u1ee7a nh\u00e0 m\u00f4i gi\u1edbi \u0111\u1ec3 t\u1ea1o ra l\u1ee3i th\u1ebf.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"fast-slow-feed\"><span class=\"glo-t\">Lu\u1ed3ng nhanh \/ lu\u1ed3ng ch\u1eadm<\/span><\/p>\n<p>Lu\u1ed3ng nhanh l\u00e0 ngu\u1ed3n tham chi\u1ebfu c\u00f3 \u0111\u1ed9 tr\u1ec5 th\u1ea5p v\u00e0 hi\u1ec3n th\u1ecb bi\u1ebfn \u0111\u1ed9ng tr\u01b0\u1edbc; lu\u1ed3ng ch\u1eadm l\u00e0 b\u00e1o gi\u00e1 b\u1ecb tr\u1ec5 c\u1ee7a nh\u00e0 m\u00f4i gi\u1edbi m\u00e0 b\u1ea1n giao d\u1ecbch. Giao d\u1ecbch ch\u00eanh l\u1ec7ch \u0111\u1ed9 tr\u1ec5 khai th\u00e1c kho\u1ea3ng c\u00e1ch gi\u1eefa ch\u00fang.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"tick-data\"><span class=\"glo-t\">D\u1eef li\u1ec7u tick<\/span><\/p>\n<p>B\u1ea3n ghi t\u1eebng thay \u0111\u1ed5i gi\u00e1 ri\u00eang l\u1ebb k\u00e8m d\u1ea5u th\u1eddi gian, thay v\u00ec c\u00e1c n\u1ebfn t\u1ed5ng h\u1ee3p. Ki\u1ec3m th\u1eed qu\u00e1 kh\u1ee9 v\u00e0 ph\u00e2n t\u00edch kh\u1edbp l\u1ec7nh th\u1ef1c t\u1ebf ph\u1ee5 thu\u1ed9c v\u00e0o d\u1eef li\u1ec7u tick th\u1eadt.<\/p>\n<p><span class=\"glo-see\">Xem: <a href=\"https:\/\/bjftradinggroup.com\/the-critical-role-of-tick-comparison-in-forex-arbitrage-and-high-frequency-trading-hft\/\">So s\u00e1nh tick<\/a>.<\/span><\/div>\n<div class=\"glo-term\" id=\"quote\"><span class=\"glo-t\">B\u00e1o gi\u00e1<\/span><\/p>\n<p>Gi\u00e1 mua v\u00e0 b\u00e1n hi\u1ec7n t\u1ea1i m\u00e0 n\u1ec1n t\u1ea3ng ho\u1eb7c nh\u00e0 m\u00f4i gi\u1edbi hi\u1ec3n th\u1ecb cho m\u1ed9t c\u00f4ng c\u1ee5. Kho\u1ea3ng c\u00e1ch gi\u1eefa ch\u00fang l\u00e0 ch\u00eanh l\u1ec7ch gi\u00e1.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"depth-of-market\"><span class=\"glo-t\">\u0110\u1ed9 s\u00e2u th\u1ecb tr\u01b0\u1eddng (s\u1ed5 l\u1ec7nh)<\/span><\/p>\n<p>Danh s\u00e1ch c\u00e1c l\u1ec7nh mua v\u00e0 b\u00e1n \u0111ang ch\u1edd \u1edf t\u1eebng m\u1ee9c gi\u00e1 c\u00f9ng kh\u1ed1i l\u01b0\u1ee3ng c\u00f3 s\u1eb5n. \u0110\u1ed9 s\u00e2u th\u1ea5p khi\u1ebfn l\u1ec7nh l\u1edbn d\u1ecbch chuy\u1ec3n gi\u00e1 nhi\u1ec1u h\u01a1n v\u00e0 ch\u1ecbu tr\u01b0\u1ee3t gi\u00e1 l\u1edbn h\u01a1n.<\/p>\n<\/div>\n<p>  <!-- ============ CONCEPTS ============ --><\/p>\n<h2 id=\"concepts\">Kh\u00e1i ni\u1ec7m giao d\u1ecbch<\/h2>\n<div class=\"glo-term\" id=\"pip\"><span class=\"glo-t\">Pip<\/span><\/p>\n<p>\u0110\u01a1n v\u1ecb bi\u1ebfn \u0111\u1ed9ng gi\u00e1 ti\u00eau chu\u1ea9n nh\u1ecf nh\u1ea5t trong Forex, th\u01b0\u1eddng l\u00e0 ch\u1eef s\u1ed1 th\u1eadp ph\u00e2n th\u1ee9 t\u01b0 \u0111\u1ed1i v\u1edbi h\u1ea7u h\u1ebft c\u00e1c c\u1eb7p. L\u1ee3i th\u1ebf giao d\u1ecbch ch\u00eanh l\u1ec7ch th\u01b0\u1eddng ch\u1ec9 b\u1eb1ng m\u1ed9t ph\u1ea7n c\u1ee7a pip.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"lot\"><span class=\"glo-t\">Lot<\/span><\/p>\n<p>Quy m\u00f4 giao d\u1ecbch \u0111\u01b0\u1ee3c ti\u00eau chu\u1ea9n h\u00f3a. Quy m\u00f4 lot t\u1ed1i thi\u1ec3u quan tr\u1ecdng v\u1edbi t\u00e0i kho\u1ea3n nh\u1ecf v\u00ec c\u00f3 th\u1ec3 bu\u1ed9c b\u1ea1n s\u1eed d\u1ee5ng v\u1ecb th\u1ebf qu\u00e1 l\u1edbn so v\u1edbi s\u1ed1 d\u01b0.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"spread\"><span class=\"glo-t\">Ch\u00eanh l\u1ec7ch gi\u00e1<\/span><\/p>\n<p>Kho\u1ea3ng c\u00e1ch gi\u1eefa gi\u00e1 mua v\u00e0 gi\u00e1 b\u00e1n, \u0111\u1ed3ng th\u1eddi l\u00e0 chi ph\u00ed giao d\u1ecbch c\u1ed1t l\u00f5i. Ch\u00eanh l\u1ec7ch bi\u1ebfn \u0111\u1ed9ng s\u1ebd gi\u00e3n khi thanh kho\u1ea3n th\u1ea5p ho\u1eb7c c\u00f3 tin t\u1ee9c v\u00e0 c\u00f3 th\u1ec3 b\u1ecb gi\u00e3n c\u00f3 ch\u1ecdn l\u1ecdc tr\u00ean t\u00e0i kho\u1ea3n c\u1ee5 th\u1ec3.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"drawdown\"><span class=\"glo-t\">M\u1ee9c s\u1ee5t gi\u1ea3m<\/span><\/p>\n<p>M\u1ee9c gi\u1ea3m v\u1ed1n t\u00e0i kho\u1ea3n t\u1eeb \u0111\u1ec9nh xu\u1ed1ng \u0111\u00e1y ti\u1ebfp theo. T\u00e0i kho\u1ea3n nh\u1ecf th\u1ea5t b\u1ea1i khi m\u1ee9c s\u1ee5t gi\u1ea3m th\u00f4ng th\u01b0\u1eddng v\u01b0\u1ee3t qu\u00e1 kho\u1ea3n l\u1ed7 m\u00e0 s\u1ed1 d\u01b0 c\u00f3 th\u1ec3 ch\u1ecbu \u0111\u01b0\u1ee3c.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"profit-factor\"><span class=\"glo-t\">H\u1ec7 s\u1ed1 l\u1ee3i nhu\u1eadn<\/span><\/p>\n<p>T\u1ed5ng l\u1ee3i nhu\u1eadn chia cho t\u1ed5ng thua l\u1ed7. Gi\u00e1 tr\u1ecb tr\u00ean 1 l\u00e0 d\u01b0\u01a1ng r\u00f2ng. Ch\u1ec9 c\u00f3 \u00fd ngh\u0129a khi \u0111\u01b0\u1ee3c xem c\u00f9ng s\u1ed1 l\u01b0\u1ee3ng giao d\u1ecbch v\u00e0 m\u1ee9c s\u1ee5t gi\u1ea3m.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"expectancy\"><span class=\"glo-t\">Gi\u00e1 tr\u1ecb k\u1ef3 v\u1ecdng<\/span><\/p>\n<p>K\u1ebft qu\u1ea3 trung b\u00ecnh d\u1ef1 ki\u1ebfn tr\u00ean m\u1ed7i giao d\u1ecbch, k\u1ebft h\u1ee3p t\u1ef7 l\u1ec7 th\u1eafng, l\u1ee3i nhu\u1eadn trung b\u00ecnh v\u00e0 thua l\u1ed7 trung b\u00ecnh. Trong giao d\u1ecbch ch\u00eanh l\u1ec7ch, h\u1ea1n ch\u1ebf c\u00e1c kho\u1ea3n l\u1ed7 c\u1ef1c l\u1edbn th\u01b0\u1eddng quan tr\u1ecdng h\u01a1n vi\u1ec7c t\u0103ng t\u1ef7 l\u1ec7 th\u1eafng.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"sharpe-ratio\"><span class=\"glo-t\">T\u1ef7 l\u1ec7 Sharpe<\/span><\/p>\n<p>Th\u01b0\u1edbc \u0111o l\u1ee3i nhu\u1eadn tr\u00ean m\u1ed7i \u0111\u01a1n v\u1ecb r\u1ee7i ro ho\u1eb7c bi\u1ebfn \u0111\u1ed9ng. Gi\u00e1 tr\u1ecb cao h\u01a1n l\u00e0 t\u1ed1t h\u01a1n v\u00e0 cho ph\u00e9p so s\u00e1nh c\u00e1c chi\u1ebfn l\u01b0\u1ee3c c\u00f3 m\u1ee9c r\u1ee7i ro kh\u00e1c nhau.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"hedge\"><span class=\"glo-t\">Ph\u00f2ng h\u1ed9<\/span><\/p>\n<p>V\u1ecb th\u1ebf \u0111\u1ed1i \u1ee9ng l\u00e0m gi\u1ea3m ho\u1eb7c trung h\u00f2a r\u1ee7i ro v\u1ec1 h\u01b0\u1edbng. Chi\u1ebfn l\u01b0\u1ee3c theo c\u1eb7p v\u00e0 c\u01a1 s\u1edf \u0111\u01b0\u1ee3c x\u00e2y d\u1ef1ng tr\u00ean m\u1ee9c \u0111\u1ed9 ph\u01a1i nhi\u1ec5m \u0111\u00e3 ph\u00f2ng h\u1ed9 v\u00e0 trung l\u1eadp v\u1ec1 h\u01b0\u1edbng.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"leg-risk\"><span class=\"glo-t\">R\u1ee7i ro m\u1ed9t ph\u00eda<\/span><\/p>\n<p>Trong giao d\u1ecbch hai ph\u00eda, r\u1ee7i ro m\u1ed9t b\u00ean \u0111\u01b0\u1ee3c kh\u1edbp nh\u01b0ng b\u00ean c\u00f2n l\u1ea1i kh\u00f4ng \u0111\u01b0\u1ee3c kh\u1edbp, l\u00e0m ph\u00e1t sinh m\u1ee9c \u0111\u1ed9 ph\u01a1i nhi\u1ec5m ngo\u00e0i \u00fd mu\u1ed1n. \u0110\u00e2y l\u00e0 r\u1ee7i ro quan tr\u1ecdng trong chi\u1ebfn l\u01b0\u1ee3c theo c\u1eb7p v\u00e0 giao d\u1ecbch ch\u00eanh l\u1ec7ch gi\u1eefa c\u00e1c s\u00e0n.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"spread-z-score\"><span class=\"glo-t\">\u0110i\u1ec3m Z c\u1ee7a ch\u00eanh l\u1ec7ch<\/span><\/p>\n<p>Th\u01b0\u1edbc \u0111o th\u1ed1ng k\u00ea cho bi\u1ebft ch\u00eanh l\u1ec7ch gi\u1eefa hai c\u00f4ng c\u1ee5 c\u00f3 t\u01b0\u01a1ng quan \u0111\u00e3 l\u1ec7ch kh\u1ecfi m\u1ee9c trung b\u00ecnh bao nhi\u00eau \u0111\u1ed9 l\u1ec7ch chu\u1ea9n. \u0110\u01b0\u1ee3c d\u00f9ng \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh th\u1eddi \u0111i\u1ec3m v\u00e0o v\u00e0 tho\u00e1t giao d\u1ecbch theo c\u1eb7p.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"backtest\"><span class=\"glo-t\">Ki\u1ec3m th\u1eed qu\u00e1 kh\u1ee9 \/ ki\u1ec3m th\u1eed t\u01b0\u01a1ng lai<\/span><\/p>\n<p>Ki\u1ec3m tra chi\u1ebfn l\u01b0\u1ee3c b\u1eb1ng d\u1eef li\u1ec7u l\u1ecbch s\u1eed ho\u1eb7c d\u1eef li\u1ec7u tr\u1ef1c ti\u1ebfp m\u00e0 kh\u00f4ng \u0111\u1eb7t to\u00e0n b\u1ed9 v\u1ed1n v\u00e0o r\u1ee7i ro. Ki\u1ec3m th\u1eed gi\u1ea3 \u0111\u1ecbnh m\u1ecdi l\u1ec7nh \u0111\u01b0\u1ee3c kh\u1edbp ho\u00e0n h\u1ea3o s\u1ebd \u0111\u00e1nh gi\u00e1 qu\u00e1 cao l\u1ee3i th\u1ebf nh\u1ea1y c\u1ea3m v\u1edbi ho\u1ea1t \u0111\u1ed9ng kh\u1edbp l\u1ec7nh.<\/p>\n<p><span class=\"glo-see\">Xem: <a href=\"https:\/\/bjftradinggroup.com\/product\/sharptrader-optimizer\/\">Ki\u1ec3m th\u1eed b\u1eb1ng d\u1eef li\u1ec7u tick th\u1eadt<\/a>.<\/span><\/div>\n<p>  <!-- ============ CRYPTO ============ --><\/p>\n<h2 id=\"crypto\">Thu\u1eadt ng\u1eef ti\u1ec1n m\u00e3 h\u00f3a<\/h2>\n<div class=\"glo-term\" id=\"cex\"><span class=\"glo-t\">CEX (s\u00e0n t\u1eadp trung)<\/span><\/p>\n<p>S\u00e0n ti\u1ec1n m\u00e3 h\u00f3a do m\u1ed9t c\u00f4ng ty v\u1eadn h\u00e0nh, gi\u1eef t\u00e0i s\u1ea3n v\u00e0 gh\u00e9p l\u1ec7nh tr\u00ean s\u1ed5 l\u1ec7nh ri\u00eang. Giao d\u1ecbch ch\u00eanh l\u1ec7ch gi\u1eefa c\u00e1c s\u00e0n di\u1ec5n ra gi\u1eefa nhi\u1ec1u CEX.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"dex\"><span class=\"glo-t\">DEX (s\u00e0n phi t\u1eadp trung)<\/span><\/p>\n<p>S\u00e0n tr\u00ean blockchain n\u01a1i giao d\u1ecbch \u0111\u01b0\u1ee3c thanh to\u00e1n qua h\u1ee3p \u0111\u1ed3ng th\u00f4ng minh thay v\u00ec nh\u00e0 \u0111i\u1ec1u h\u00e0nh trung t\u00e2m. C\u00f3 c\u01a1 h\u1ed9i giao d\u1ecbch ch\u00eanh l\u1ec7ch gi\u1eefa DEX v\u00e0 CEX, nh\u01b0ng ph\u1ea3i c\u1ea1nh tranh v\u1edbi c\u00e1c bot t\u1ef1 \u0111\u1ed9ng tr\u00ean blockchain.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"mev\"><span class=\"glo-t\">MEV (gi\u00e1 tr\u1ecb c\u00f3 th\u1ec3 khai th\u00e1c t\u1ed1i \u0111a)<\/span><\/p>\n<p>Gi\u00e1 tr\u1ecb c\u00f3 th\u1ec3 thu \u0111\u01b0\u1ee3c b\u1eb1ng c\u00e1ch s\u1eafp x\u1ebfp l\u1ea1i, ch\u00e8n ho\u1eb7c ki\u1ec3m duy\u1ec7t giao d\u1ecbch trong m\u1ed9t kh\u1ed1i, th\u01b0\u1eddng b\u1edfi bot giao d\u1ecbch ch\u00eanh l\u1ec7ch v\u00e0 thanh l\u00fd. N\u00f3 th\u01b0\u1eddng l\u00e0m m\u1ea5t l\u1ee3i nhu\u1eadn c\u1ee7a c\u00e1c chi\u1ebfn l\u01b0\u1ee3c DEX \u0111\u01a1n gi\u1ea3n.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"perpetual-futures\"><span class=\"glo-t\">H\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai v\u0129nh vi\u1ec5n<\/span><\/p>\n<p>H\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai ti\u1ec1n m\u00e3 h\u00f3a kh\u00f4ng c\u00f3 ng\u00e0y h\u1ebft h\u1ea1n, \u0111\u01b0\u1ee3c gi\u1eef g\u1ea7n gi\u00e1 giao ngay b\u1eb1ng c\u00e1c kho\u1ea3n thanh to\u00e1n t\u00e0i tr\u1ee3 gi\u1eefa v\u1ecb th\u1ebf mua v\u00e0 b\u00e1n. L\u00e0 n\u1ec1n t\u1ea3ng c\u1ee7a giao d\u1ecbch ch\u00eanh l\u1ec7ch ph\u00ed t\u00e0i tr\u1ee3.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"funding-rate\"><span class=\"glo-t\">Ph\u00ed t\u00e0i tr\u1ee3<\/span><\/p>\n<p>Kho\u1ea3n thanh to\u00e1n \u0111\u1ecbnh k\u1ef3 gi\u1eefa ng\u01b0\u1eddi gi\u1eef v\u1ecb th\u1ebf v\u0129nh vi\u1ec5n mua v\u00e0 b\u00e1n nh\u1eb1m gi\u1eef gi\u00e1 g\u1ea7n v\u1edbi gi\u00e1 giao ngay. Khi li\u00ean t\u1ee5c d\u01b0\u01a1ng ho\u1eb7c \u00e2m, n\u00f3 t\u1ea1o ra l\u1ee3i th\u1ebf c\u00f3 th\u1ec3 khai th\u00e1c d\u1ef1a tr\u00ean v\u1ed1n.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"stablecoin-depeg\"><span class=\"glo-t\">Stablecoin m\u1ea5t neo gi\u00e1<\/span><\/p>\n<p>Stablecoin \u0111\u01b0\u1ee3c giao d\u1ecbch l\u1ec7ch kh\u1ecfi gi\u00e1 m\u1ee5c ti\u00eau, ch\u1eb3ng h\u1ea1n d\u01b0\u1edbi m\u1ed9t \u0111\u00f4 la. \u0110i\u1ec1u n\u00e0y c\u00f3 th\u1ec3 t\u1ea1o ra c\u01a1 h\u1ed9i ch\u00eanh l\u1ec7ch ng\u1eafn h\u1ea1n n\u1ebfu gi\u00e1 neo \u0111\u01b0\u1ee3c kh\u00f4i ph\u1ee5c ho\u1eb7c g\u00e2y thua l\u1ed7 l\u1edbn n\u1ebfu kh\u00f4ng.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"withdrawal-risk\"><span class=\"glo-t\">R\u1ee7i ro r\u00fat ti\u1ec1n \/ chuy\u1ec3n ti\u1ec1n<\/span><\/p>\n<p>R\u1ee7i ro kh\u00f4ng th\u1ec3 di chuy\u1ec3n ti\u1ec1n \u0111\u1ee7 nhanh gi\u1eefa c\u00e1c s\u00e0n \u0111\u1ec3 ho\u00e0n th\u00e0nh giao d\u1ecbch ch\u00eanh l\u1ec7ch do th\u1eddi gian x\u00e1c nh\u1eadn blockchain, x\u1eed l\u00fd c\u1ee7a s\u00e0n ho\u1eb7c gi\u1edbi h\u1ea1n. \u0110\u00e2y l\u00e0 l\u00fd do ph\u1ed5 bi\u1ebfn khi\u1ebfn ch\u00eanh l\u1ec7ch l\u00fd thuy\u1ebft kh\u00f4ng th\u1ec3 \u0111\u01b0\u1ee3c khai th\u00e1c.<\/p>\n<\/div>\n<p>  <!-- ============ NEWS ============ --><\/p>\n<h2 id=\"news\">Giao d\u1ecbch theo tin t\u1ee9c<\/h2>\n<div class=\"glo-term\" id=\"economic-calendar\"><span class=\"glo-t\">L\u1ecbch kinh t\u1ebf<\/span><\/p>\n<p>L\u1ecbch c\u00f4ng b\u1ed1 d\u1eef li\u1ec7u kinh t\u1ebf s\u1eafp t\u1edbi v\u00e0 t\u00e1c \u0111\u1ed9ng d\u1ef1 ki\u1ebfn. \u0110\u00e2y l\u00e0 n\u1ec1n t\u1ea3ng c\u1ee7a giao d\u1ecbch theo tin t\u1ee9c v\u00ec nh\u1eefng bi\u1ebfn \u0111\u1ed9ng l\u1edbn v\u00e0 nhanh nh\u1ea5t t\u1eadp trung quanh c\u00e1c s\u1ef1 ki\u1ec7n \u0111\u00e3 l\u00ean l\u1ecbch.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"nfp\"><span class=\"glo-t\">NFP (b\u1ea3ng l\u01b0\u01a1ng phi n\u00f4ng nghi\u1ec7p)<\/span><\/p>\n<p>B\u00e1o c\u00e1o vi\u1ec7c l\u00e0m h\u1eb1ng th\u00e1ng c\u00f3 t\u00e1c \u0111\u1ed9ng l\u1edbn c\u1ee7a Hoa K\u1ef3, th\u01b0\u1eddng t\u1ea1o ra bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh v\u00e0 nhanh tr\u00ean th\u1ecb tr\u01b0\u1eddng ti\u1ec1n t\u1ec7 c\u00f9ng kim lo\u1ea1i. \u0110\u00e2y l\u00e0 s\u1ef1 ki\u1ec7n quan tr\u1ecdng \u0111\u1ed1i v\u1edbi nh\u00e0 giao d\u1ecbch theo tin t\u1ee9c.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"cpi\"><span class=\"glo-t\">CPI (ch\u1ec9 s\u1ed1 gi\u00e1 ti\u00eau d\u00f9ng)<\/span><\/p>\n<p>Ch\u1ec9 b\u00e1o l\u1ea1m ph\u00e1t quan tr\u1ecdng l\u00e0m thay \u0111\u1ed5i k\u1ef3 v\u1ecdng l\u00e3i su\u1ea5t v\u00e0 gi\u00e1 tr\u1ecb ti\u1ec1n t\u1ec7. \u0110\u00e2y l\u00e0 m\u1ed9t trong nh\u1eefng s\u1ef1 ki\u1ec7n theo l\u1ecbch \u0111\u01b0\u1ee3c giao d\u1ecbch nhi\u1ec1u nh\u1ea5t.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"fomc\"><span class=\"glo-t\">FOMC<\/span><\/p>\n<p>\u1ee6y ban Th\u1ecb tr\u01b0\u1eddng M\u1edf Li\u00ean bang Hoa K\u1ef3. C\u00e1c quy\u1ebft \u0111\u1ecbnh v\u00e0 tuy\u00ean b\u1ed1 v\u1ec1 l\u00e3i su\u1ea5t t\u1ea1o ra m\u1ed9t s\u1ed1 ph\u1ea3n \u1ee9ng th\u1ecb tr\u01b0\u1eddng m\u1ea1nh nh\u1ea5t. Ch\u00eanh l\u1ec7ch gi\u00e1 th\u01b0\u1eddng \u0111\u01b0\u1ee3c m\u1edf r\u1ed9ng \u0111\u1ec3 ph\u00f2ng ng\u1eeba r\u1ee7i ro.<\/p>\n<\/div>\n<div class=\"glo-term\" id=\"pre-news-spread-widening\"><span class=\"glo-t\">Gi\u00e3n ch\u00eanh l\u1ec7ch tr\u01b0\u1edbc tin t\u1ee9c<\/span><\/p>\n<p>Nh\u00e0 m\u00f4i gi\u1edbi m\u1edf r\u1ed9ng ch\u00eanh l\u1ec7ch ngay tr\u01b0\u1edbc m\u1ed9t th\u00f4ng b\u00e1o theo l\u1ecbch \u0111\u1ec3 qu\u1ea3n l\u00fd r\u1ee7i ro. Th\u00f4ng th\u01b0\u1eddng \u0111\u00e2y l\u00e0 vi\u1ec7c h\u1ee3p l\u00fd, nh\u01b0ng n\u1ebfu ch\u1ec9 \u00e1p d\u1ee5ng cho m\u1ed9t t\u00e0i kho\u1ea3n c\u00f3 m\u00f4 h\u00ecnh sinh l\u1eddi th\u00ec \u0111\u00f3 l\u00e0 d\u1ea5u hi\u1ec7u t\u00e0i kho\u1ea3n b\u1ecb nh\u1eafm m\u1ee5c ti\u00eau.<\/p>\n<\/div>\n<p>  <!-- ============ BJF TECH ============ --><\/p>\n<h2 id=\"bjf\">C\u00f4ng ngh\u1ec7 BJF<\/h2>\n<div class=\"glo-term\" id=\"sharptrader-pro\"><span class=\"glo-t\">SharpTrader Pro<\/span><\/p>\n<p>Ph\u1ea7n m\u1ec1m giao d\u1ecbch ch\u00eanh l\u1ec7ch chuy\u00ean nghi\u1ec7p c\u1ee7a BJF Trading Group cho Forex v\u00e0 ti\u1ec1n m\u00e3 h\u00f3a, h\u1ed7 tr\u1ee3 chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ed9 tr\u1ec5, tam gi\u00e1c c\u00f9ng c\u00e1c chi\u1ebfn l\u01b0\u1ee3c li\u00ean quan.<\/p>\n<p><span class=\"glo-see\">Xem: <a href=\"https:\/\/bjftradinggroup.com\/product\/sharptrader-forex-crypto-arbitrage\/\">SharpTrader Pro<\/a>.<\/span><\/div>\n<div class=\"glo-term\" id=\"sharptrader-optimizer\"><span class=\"glo-t\">SharpTrader Optimizer<\/span><\/p>\n<p>C\u00f4ng c\u1ee5 ki\u1ec3m th\u1eed qu\u00e1 kh\u1ee9 v\u00e0 t\u1ed1i \u01b0u h\u00f3a ch\u1ea1y chi\u1ebfn l\u01b0\u1ee3c tr\u00ean d\u1eef li\u1ec7u tick l\u1ecbch s\u1eed th\u1ef1c, v\u1edbi \u0111\u1ed9 tr\u1ec5 kh\u1edbp l\u1ec7nh c\u00f3 th\u1ec3 c\u1ea5u h\u00ecnh c\u00f9ng m\u1ee9c ch\u00eanh l\u1ec7ch bi\u1ebfn \u0111\u1ed5i tr\u00ean t\u1eebng tick, gi\u00fap ph\u1ea3n \u00e1nh qu\u00e1 tr\u00ecnh kh\u1edbp l\u1ec7nh th\u1ef1c t\u1ebf.<\/p>\n<p><span class=\"glo-see\">Xem: <a href=\"https:\/\/bjftradinggroup.com\/product\/sharptrader-optimizer\/\">SharpTrader Optimizer<\/a>.<\/span><\/div>\n<div class=\"glo-term\" id=\"phantom-drift\"><span class=\"glo-t\">Phantom Drift<\/span><\/p>\n<p>Ph\u01b0\u01a1ng ph\u00e1p che gi\u1ea5u kh\u1edbp l\u1ec7nh c\u1ee7a BJF d\u00e0nh cho giao d\u1ecbch ch\u00eanh l\u1ec7ch \u0111\u1ed9 tr\u1ec5, khi\u1ebfn lu\u1ed3ng l\u1ec7nh \u00edt gi\u1ed1ng giao d\u1ecbch ch\u00eanh l\u1ec7ch truy\u1ec1n th\u1ed1ng h\u01a1n \u0111\u1ec3 tr\u00e1nh b\u1ecb nh\u00e0 m\u00f4i gi\u1edbi ph\u00e1t hi\u1ec7n trong th\u1eddi gian d\u00e0i h\u01a1n.<\/p>\n<p><span class=\"glo-see\">Xem: <a href=\"https:\/\/bjftradinggroup.com\/how-to-mask-latency-arbitrage-in-forex-trading-complete-guide-part-2\/\">Che gi\u1ea5u giao d\u1ecbch ch\u00eanh l\u1ec7ch \u0111\u1ed9 tr\u1ec5<\/a>. Li\u00ean quan: lu\u1ed3ng l\u1ec7nh \u0111\u1ed9c h\u1ea1i, tr\u00ecnh b\u1ed5 tr\u1ee3 nh\u00e0 giao d\u1ecbch \u1ea3o.<\/span><\/div>\n<div class=\"glo-term\" id=\"beqi\"><span class=\"glo-t\">BEQI (ch\u1ec9 s\u1ed1 ch\u1ea5t l\u01b0\u1ee3ng kh\u1edbp l\u1ec7nh c\u1ee7a nh\u00e0 m\u00f4i gi\u1edbi)<\/span><\/p>\n<p>Ph\u01b0\u01a1ng ph\u00e1p m\u1edf c\u1ee7a BJF chuy\u1ec3n nh\u1eadt k\u00fd giao d\u1ecbch v\u00e0 d\u1eef li\u1ec7u tick c\u1ee7a b\u1ea1n th\u00e0nh m\u1ed9t \u0111i\u1ec3m ch\u1ea5t l\u01b0\u1ee3ng kh\u1edbp l\u1ec7nh c\u00f3 th\u1ec3 so s\u00e1nh, gi\u00fap x\u1ebfp h\u1ea1ng nh\u00e0 m\u00f4i gi\u1edbi d\u1ef1a tr\u00ean b\u1eb1ng ch\u1ee9ng thay v\u00ec danh ti\u1ebfng.<\/p>\n<p><span class=\"glo-see\">Xem: <a href=\"https:\/\/bjftradinggroup.com\/forex-broker-audit-toolkit\/\">B\u1ed9 c\u00f4ng c\u1ee5 ki\u1ec3m tra nh\u00e0 m\u00f4i gi\u1edbi<\/a>. Li\u00ean quan: t\u1ef7 l\u1ec7 kh\u1edbp l\u1ec7nh, t\u00ednh \u0111\u1ed1i x\u1ee9ng c\u1ee7a tr\u01b0\u1ee3t gi\u00e1, \u0111\u1ed9 tr\u1ec5 kh\u1edbp l\u1ec7nh.<\/span><\/div>\n<div class=\"glo-term\" id=\"newsautotraderpro\"><span class=\"glo-t\">NewsAutoTraderPro<\/span><\/p>\n<p>Ph\u1ea7n m\u1ec1m giao d\u1ecbch theo tin t\u1ee9c t\u1ef1 \u0111\u1ed9ng c\u1ee7a BJF, ho\u1ea1t \u0111\u1ed9ng khi d\u1eef li\u1ec7u kinh t\u1ebf \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1 v\u1edbi t\u1ed1c \u0111\u1ed9 c\u1ea7n thi\u1ebft \u0111\u1ec3 n\u1eafm b\u1eaft chuy\u1ec3n \u0111\u1ed9ng \u0111\u1ea7u ti\u00ean.<\/p>\n<p><span class=\"glo-see\">Xem: <a href=\"https:\/\/bjftradinggroup.com\/product\/newsautotraderpro\/\">NewsAutoTraderPro<\/a>.<\/span><\/div>\n<div class=\"glo-term\" id=\"vip-crypto-arbitrage\"><span class=\"glo-t\">VIP Crypto Arbitrage<\/span><\/p>\n<p>Ph\u1ea7n m\u1ec1m giao d\u1ecbch ch\u00eanh l\u1ec7ch ti\u1ec1n m\u00e3 h\u00f3a c\u1ee7a BJF, d\u00f9ng \u0111\u1ec3 khai th\u00e1c kh\u00e1c bi\u1ec7t v\u1ec1 gi\u00e1 gi\u1eefa c\u00e1c s\u00e0n.<\/p>\n<p><span class=\"glo-see\">Xem: <a href=\"https:\/\/bjftradinggroup.com\/product\/vip-crypto-arbitrage-software\/\">VIP Crypto Arbitrage<\/a>.<\/span><\/div>\n<div class=\"glo-term\" id=\"bright-duo\"><span class=\"glo-t\">Bright Duo<\/span><\/p>\n<p>Chi\u1ebfn l\u01b0\u1ee3c che gi\u1ea5u kh\u1edbp l\u1ec7nh c\u1ee7a BJF d\u00e0nh cho SharpTrader Pro v\u00e0 SharpTrader Lite. Chi\u1ebfn l\u01b0\u1ee3c s\u1eeda \u0111\u1ed5i ph\u01b0\u01a1ng ph\u00e1p kh\u00f3a \u0111\u1ec3 ng\u1ee5y trang lu\u1ed3ng giao d\u1ecbch ch\u00eanh l\u1ec7ch, m\u1edf kh\u00f3a \u1edf c\u1ea3 hai ph\u00eda, \u0111\u00f3ng m\u1ed9t ph\u1ea7n v\u00e0 qu\u1ea3n l\u00fd l\u1ec7nh trailing \u1ea3o v\u1edbi t\u1ed1i \u0111a ba c\u1ea5p \u0111\u1ed9 cho m\u1ed7i c\u00f4ng c\u1ee5.<\/p>\n<p><span class=\"glo-see\">Li\u00ean quan: Phantom Drift, ph\u00f2ng h\u1ed9, lu\u1ed3ng l\u1ec7nh \u0111\u1ed9c h\u1ea1i, tr\u00ecnh b\u1ed5 tr\u1ee3 nh\u00e0 giao d\u1ecbch \u1ea3o.<\/span><\/div>\n<div class=\"glo-term\" id=\"dominion-force\"><span class=\"glo-t\">Dominion Force<\/span><\/p>\n<p>Chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ed9ng l\u01b0\u1ee3ng v\u00e0 \u0111i theo xu h\u01b0\u1edbng t\u00edch h\u1ee3p trong SharpTrader Pro v\u00e0 SharpTrader Lite \u0111\u1ec3 giao d\u1ecbch v\u00e0ng c\u00f9ng ch\u1ec9 s\u1ed1. \u0110\u00e2y kh\u00f4ng ph\u1ea3i chi\u1ebfn l\u01b0\u1ee3c ch\u00eanh l\u1ec7ch: n\u00f3 ph\u00e1t hi\u1ec7n xung l\u1ef1c gi\u00e1 v\u00e0 \u0111i theo xu h\u01b0\u1edbng h\u00ecnh th\u00e0nh sau \u0111\u00f3.<\/p>\n<p><span class=\"glo-see\">Xem: <a href=\"https:\/\/bjftradinggroup.com\/gold-arbitrage-and-non-arbitrage-strategies-a-professional-guide-to-profiting-from-xauusd\/\">Chi\u1ebfn l\u01b0\u1ee3c v\u00e0ng cho XAUUSD<\/a>.<\/span><\/div>\n<div class=\"glo-term\" id=\"easyfix\"><span class=\"glo-t\">Giao th\u1ee9c EASYFIX<\/span><\/p>\n<p>Giao th\u1ee9c FIX \u0111\u00e3 \u0111\u01b0\u1ee3c s\u1eeda \u0111\u1ed5i cho SharpTrader Pro v\u00e0 SharpTrader Lite, cho ph\u00e9p nh\u00e0 ph\u00e1t tri\u1ec3n b\u00ean th\u1ee9 ba k\u1ebft n\u1ed1i ph\u1ea7n m\u1ec1m c\u1ee7a h\u1ecd v\u1edbi n\u1ec1n t\u1ea3ng. Giao th\u1ee9c m\u1edf c\u00f4ng c\u1ee5 SharpTrader cho c\u00e1c t\u00edch h\u1ee3p b\u00ean ngo\u00e0i qua giao di\u1ec7n ki\u1ec3u FIX.<\/p>\n<p><span class=\"glo-see\">Xem: <a href=\"https:\/\/bjftradinggroup.com\/fix-api-forex-trading\/\">Giao d\u1ecbch Forex qua FIX API<\/a>. Li\u00ean quan: FIX API, c\u1ea7u n\u1ed1i FIX, JBridge.<\/span><\/div>\n<div class=\"glo-term\" id=\"jbridge\"><span class=\"glo-t\">JBridge<\/span><\/p>\n<p>C\u1ea7u n\u1ed1i SharpTrader Pro v\u00e0 SharpTrader Lite v\u1edbi c\u00e1c n\u1ec1n t\u1ea3ng nh\u01b0 JForex c\u1ee7a Dukascopy, \u0111\u1ec3 l\u1ec7nh c\u00f9ng d\u1eef li\u1ec7u \u0111\u01b0\u1ee3c chuy\u1ec3n gi\u1eefa c\u00f4ng c\u1ee5 SharpTrader v\u00e0 n\u1ec1n t\u1ea3ng.<\/p>\n<p><span class=\"glo-see\">Li\u00ean quan: c\u1ea7u n\u1ed1i FIX, giao th\u1ee9c EASYFIX, nh\u00e0 cung c\u1ea5p thanh kho\u1ea3n.<\/span><\/div>\n<p>  <!-- ============ SIGNUP ============ --><\/p>\n<div class=\"glo-signup\">\n<h3>\u0110\u0103ng k\u00fd nh\u1eadn nghi\u00ean c\u1ee9u giao d\u1ecbch c\u1ee7a BJF<\/h3>\n<p>Nh\u1eadn c\u00e1c b\u00e0i vi\u1ebft, t\u00e0i li\u1ec7u nghi\u00ean c\u1ee9u v\u00e0 th\u00f4ng tin ph\u00e1t h\u00e0nh s\u1ea3n ph\u1ea9m m\u1edbi ngay khi ch\u00fang t\u00f4i c\u00f4ng b\u1ed1.<\/p>\n<div class='_form_31'><\/div><script type='text\/javascript' src='https:\/\/bjftradinggroup.activehosted.com\/f\/embed.php?static=0&id=31&6A9E34FA61C0A&nostyles=0&preview=0'><\/script><\/div>\n<p>  <!-- ============ CTA ============ --><\/p>\n<div class=\"glo-cta\">\n<h3>T\u1eeb \u0111\u1ecbnh ngh\u0129a \u0111\u1ebfn kh\u1edbp l\u1ec7nh<\/h3>\n<p>T\u00ecm hi\u1ec3u c\u00e1ch nh\u00e0 m\u00f4i gi\u1edbi th\u1ef1c s\u1ef1 kh\u1edbp l\u1ec7nh c\u1ee7a b\u1ea1n v\u00e0 \u0111\u00e1nh gi\u00e1 ho\u1ea1t \u0111\u1ed9ng kh\u1edbp l\u1ec7nh b\u1eb1ng ph\u01b0\u01a1ng ph\u00e1p BEQI m\u1edf.<\/p>\n<p>    <a class=\"glo-btn\" href=\"https:\/\/bjftradinggroup.com\/broker-execution-transparency\/\">Gi\u1ea3i th\u00edch ho\u1ea1t \u0111\u1ed9ng kh\u1edbp l\u1ec7nh c\u1ee7a nh\u00e0 m\u00f4i gi\u1edbi<\/a><br \/>\n    <a class=\"glo-btn glo-alt\" href=\"https:\/\/bjftradinggroup.com\/forex-broker-audit-toolkit\/\">Ki\u1ec3m tra nh\u00e0 m\u00f4i gi\u1edbi c\u1ee7a b\u1ea1n<\/a>\n  <\/div>\n<\/div>\n<p><script type=\"application\/ld+json\">\n{\n  \"@context\":\"https:\/\/schema.org\",\n  \"@type\":\"DefinedTermSet\",\n  \"@id\":\"https:\/\/bjftradinggroup.com\/glossary\/#termset\",\n  \"name\":\"Forex Arbitrage, HFT and Broker Execution Glossary\",\n  \"url\":\"https:\/\/bjftradinggroup.com\/glossary\/\",\n  \"description\":\"Nearly 80 defined terms covering forex and crypto arbitrage, high-frequency trading, and broker execution, maintained by BJF Trading Group.\",\n  \"inLanguage\":\"en\",\n  \"publisher\":{\"@type\":\"Organization\",\"@id\":\"https:\/\/bjftradinggroup.com\/#organization\",\"name\":\"BJF Trading Group Inc.\"},\n  \"hasDefinedTerm\":[\n    {\"@type\":\"DefinedTerm\",\"name\":\"Arbitrage\",\"description\":\"Profiting from a price difference for the same or equivalent asset across two markets or points in time, with little or no directional risk.\"},\n    {\"@type\":\"DefinedTerm\",\"name\":\"Latency arbitrage\",\"description\":\"Using a faster 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