{"id":3558,"date":"2024-10-23T12:11:27","date_gmt":"2024-10-23T12:11:27","guid":{"rendered":"https:\/\/apex-aiexperts.com\/?p=3558"},"modified":"2024-10-23T12:11:27","modified_gmt":"2024-10-23T12:11:27","slug":"fx%e3%83%96%e3%83%ad%e3%83%bc%e3%82%ab%e3%83%bc%e3%81%8c%e6%b3%a8%e6%96%87%e3%82%92%e9%9b%86%e7%b4%84%e3%81%97%e3%81%a6%e6%ae%8b%e4%bd%99%e3%83%aa%e3%82%b9%e3%82%af%e3%82%92%e3%83%98%e3%83%83%e3%82%b8","status":"publish","type":"post","link":"https:\/\/apex-aiexperts.com\/ja\/internalization-how-forex-brokers-aggregate-orders-and-hedge-residual-risk\/","title":{"rendered":"\u5185\u90e8\u5316\uff1a\u5916\u56fd\u70ba\u66ff\u30d6\u30ed\u30fc\u30ab\u30fc\u306f\u3069\u306e\u3088\u3046\u306b\u6ce8\u6587\u3092\u96c6\u7d04\u3057\u3001\u6b8b\u4f59\u30ea\u30b9\u30af\u3092\u30d8\u30c3\u30b8\u3059\u308b\u304b"},"content":{"rendered":"

A\u30d6\u30c3\u30af\uff08\u307e\u305f\u306fSTP\uff09\u57f7\u884c\u3067\u306f\u3001\u30d6\u30ed\u30fc\u30ab\u30fc\u306f\u5404\u53d6\u5f15\u306e\u30ea\u30b9\u30af\u3092\u7ba1\u7406\u3057\u307e\u3059\u3002 \u500b\u5225\u306b<\/strong>.<\/p>\n\n\n\n

\u3057\u304b\u3057\u3001\u3042\u308b\u30c8\u30ec\u30fc\u30c0\u30fc\u304cGBP\/USD\u306e\u30ed\u30f3\u30b0\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u5efa\u3066\u3001\u5225\u306e\u30c8\u30ec\u30fc\u30c0\u30fc\u304cGBP\/USD\u306e\u30b7\u30e7\u30fc\u30c8\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u5efa\u3066\u305f\u5834\u5408\u306f\u3069\u3046\u3060\u308d\u3046\u3002 \u540c\u3058\u9803<\/strong>?<\/p>\n\n\n\n

\u3068\u3044\u3046\u3088\u308a\u3082 A\u30d6\u30c3\u30af\u30d6\u30ed\u30fc\u30ab\u30fc<\/a> \u5404\u53d6\u5f15\u3092LP\u3067\u500b\u5225\u306b\u30d8\u30c3\u30b8\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u306e\u306b\u3001\u306a\u305c2\u3064\u306e\u53d6\u5f15\u304b\u3089\u751f\u3058\u308b\u30ea\u30b9\u30af\u30fb\u30a8\u30af\u30b9\u30dd\u30fc\u30b8\u30e3\u30fc\u3092\u300c\u76f8\u6bba\u300d\u3067\u304d\u306a\u3044\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n\n\n\n

\u307e\u3042\u3001\u3067\u304d\u308b\u3055\u3002<\/p>\n\n\n\n

\"\u5916\u56fd\u70ba\u66ff\u30d6\u30ed\u30fc\u30ab\u30fc\u306e\u6ce8\u6587\u306e\u96c6\u8a08\"<\/figure>\n\n\n\n

\u30d6\u30ed\u30fc\u30ab\u30fc\u306f\u3001\u500b\u3005\u306e\u53d6\u5f15\u3054\u3068\u306b\u30ea\u30b9\u30af\u3092\u7ba1\u7406\u3059\u308b\u4ee3\u308f\u308a\u306b\u3001\u3059\u3079\u3066\u540c\u3058\u901a\u8ca8\u30da\u30a2\u3092\u542b\u3080\u9867\u5ba2\u306e\u53d6\u5f15\u3092\u96c6\u7d04\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/strong><\/p>\n\n\n\n

\u3053\u306e\u30d7\u30ed\u30bb\u30b9\u306f \u96c6\u7d04<\/em> \u3068\u3057\u3066\u77e5\u3089\u308c\u3066\u3044\u308b\u3002\u5185\u90e8\u5316<\/strong>.<\/p>\n\n\n\n

\u4f8b\u3048\u3070\u3001GBP\/USD\u3092\u8cb7\u3046\u304a\u5ba2\u69d8\u3082\u3044\u308c\u3070\u3001GBP\/USD\u3092\u58f2\u308b\u304a\u5ba2\u69d8\u3082\u3044\u307e\u3059\u3002\u7570\u306a\u308b\u30c8\u30ec\u30fc\u30c0\u30fc\u306f\u7570\u306a\u308b\u610f\u898b\u3092\u6301\u3063\u3066\u3044\u308b\u305f\u3081\u3001\u53cd\u5bfe\u306e\u53d6\u5f15\u304c\u4e92\u3044\u306b\u300c\u30de\u30c3\u30c1\u30f3\u30b0\u300d\u307e\u305f\u306f\u300c\u76f8\u6bba\u300d\u3055\u308c\u308b\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\u30d6\u30ed\u30fc\u30ab\u30fc \u3042\u308b\u9867\u5ba2\u306e\u53d6\u5f15\u3068\u5225\u306e\u9867\u5ba2\u306e\u53d6\u5f15\u304c\u4e00\u81f4\u3059\u308b\u3002<\/strong>\u305d\u308c\u306f \u5916\u90e8\u6d41\u52d5\u6027\u30d7\u30ed\u30d0\u30a4\u30c0\u30fc\u3068\u53d6\u5f15\u3092\u30d8\u30c3\u30b8\u3059\u308b\u306e\u3068\u540c\u69d8\u306e\u65b9\u6cd5\u3067\u3001\u5e02\u5834\u30ea\u30b9\u30af\u3092\u9664\u53bb\u3059\u308b\u3002<\/strong> (LP\uff09\u3002<\/p>\n\n\n\n

\u30d6\u30ed\u30fc\u30ab\u30fc\u306f\u53d6\u5f15\u3092LP\u306b\u9001\u3089\u306a\u3044\u305f\u3081\u3001LP\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u554f\u984c\u304c\u3042\u308b\u3002 \u7bc0\u7d04<\/strong> LP\u3068\u53d6\u5f15\u3057\u3001LP\u306e\u30b9\u30d7\u30ec\u30c3\u30c9\u3092\u652f\u6255\u3046\u5fc5\u8981\u304c\u306a\u3044\u305f\u3081\u3002<\/p>\n\n\n\n

\u30d6\u30ed\u30fc\u30ab\u30fc\u306fGBP\/USD\u306e\u30ed\u30f3\u30b0\u3068\u30b7\u30e7\u30fc\u30c8\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u3059\u3079\u3066\u96c6\u7d04\u3057 \u76f8\u6bba\u3059\u308b<\/strong>.<\/p>\n\n\n\n

\u3053\u308c\u304c\u3001FX\u30d6\u30ed\u30fc\u30ab\u30fc\u304c\u5927\u898f\u6a21\u306a\u9867\u5ba2\u30d9\u30fc\u30b9\u3092\u6c42\u3081\u308b\u7406\u7531\u3067\u3042\u308b\u3002\u305d\u306e\u65b9\u304c\u30ea\u30b9\u30af\u3092\u300c\u5185\u90e8\u5316\u300d\u3057\u3084\u3059\u3044\u304b\u3089\u3060\u3002 \u9867\u5ba2\u6570\u304c\u591a\u3051\u308c\u3070\u591a\u3044\u307b\u3069\u3001\u53d6\u5f15\u4ef6\u6570\u3082\u591a\u304f\u306a\u308a\u3001\u53d6\u5f15\u304c\u76f8\u6bba\u3055\u308c\u308b\u53ef\u80fd\u6027\u3082\u9ad8\u304f\u306a\u308b\u3002<\/strong><\/p>\n\n\n\n

\u6d41\u52d5\u6027\u30d7\u30ed\u30d0\u30a4\u30c0\u30fc\u3068\u306e\u53d6\u5f15\u306b\u306f\uff08\u30b9\u30d7\u30ec\u30c3\u30c9\u306e\u305f\u3081\u306b\uff09\u30b3\u30b9\u30c8\u304c\u304b\u304b\u308b\u305f\u3081\u3001\u3053\u308c\u306f\u30d6\u30ed\u30fc\u30ab\u30fc\u306e\u30b3\u30b9\u30c8\u524a\u6e1b\u306b\u5f79\u7acb\u3064\u3002<\/p>\n\n\n\n

\u4f8b\u3048\u3070\u3001\u30d6\u30ed\u30fc\u30ab\u30fc\u306f\u5e33\u7c3f\u4e0a\u3001\u5408\u8a08\u3067 1000\u4e07\u30c9\u30eb <\/strong>GBP\/USD\u306e\u30ed\u30f3\u30b0\u3068 800\u4e07\u30c9\u30eb <\/strong>GBP\/USD\u306e\u30b7\u30e7\u30fc\u30c8\u30fb\u30dd\u30b8\u30b7\u30e7\u30f3\u306e\u5358\u4f4d\u3002<\/p>\n\n\n\n

\u9577\u305510M - \u77ed\u30558M = \u6b63\u5473\u9577\u30552M<\/pre>\n\n\n\n
\u305d\u306e\u5dee\u984d\u306f\u3001\u30d6\u30ed\u30fc\u30ab\u30fc\u306b \u30cd\u30c3\u30c8\u30fb\u30ed\u30f3\u30b0 200\u4e07\u30c9\u30eb <\/strong>GBP\/USD\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3002<\/p>\n\n\n\n
\u3053\u306e \"\u5dee \"\u306f \"\u5dee \"\u3068\u3082\u547c\u3070\u308c\u308b\u3002\u6b8b\u7559<\/strong>\u300c\u3059\u3079\u3066\u306e\u53d6\u5f15\u304c\u76f8\u6bba\u3055\u308c\u305f\u5f8c\u306b\u6b8b\u308b\u3082\u306e\u3060\u304b\u3089\u3060\u3002<\/p>\n\n\n\n
\u305d\u306e\u7d50\u679c\u3001\u30d6\u30ed\u30fc\u30ab\u30fc\u306f\u5e02\u5834\u30ea\u30b9\u30af\u306b\u3055\u3089\u3055\u308c\u308b\u3053\u3068\u306b\u306a\u308b\u3002\u6b8b\u4f59\u30ea\u30b9\u30af<\/strong>\".<\/p>\n\n\n\n
\u30d6\u30ed\u30fc\u30ab\u30fc\u306f\u3053\u306e\u6b8b\u5b58\u30ea\u30b9\u30af\u3092\u3069\u306e\u3088\u3046\u306b\u7ba1\u7406\u3059\u308b\u304b\u3092\u6c7a\u3081\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002<\/p>\n\n\n\n
\u9078\u629e\u80a2\u306f2\u3064\u3042\u308b\uff1a<\/p>\n\n\n\n
    \n
  1. \u53d7\u3051\u5165\u308c\u308b<\/strong>\u00a0\u30ea\u30b9\u30af\uff08\u300c\u4f55\u3082\u3057\u306a\u3044\uff09<\/li>\n\n\n\n
  2. \u8b72\u6e21<\/strong>\u00a0\u30ea\u30b9\u30af\uff08\u300c\u30d8\u30c3\u30b8\uff09<\/li>\n<\/ol>\n\n\n\n
    \u4f8bA\u30d6\u30c3\u30af\u5b9f\u884c\u3068\u5185\u90e8\u5316\uff08\u30d5\u30eb\u30fb\u30aa\u30d5\u30bb\u30c3\u30c8\uff09\u306e\u6bd4\u8f03<\/h2>\n\n\n\n
    \u30a8\u30eb\u30b6\u304c\u540c\u3058\u901a\u8ca8\u30da\u30a2\uff08GBP\/USD\uff09\u3092\u540c\u3058\u6642\u9593\u5e2f\u306b\u540c\u3058\u91d1\u984d\u3060\u3051\u8cb7\u3044\u3001\u30a2\u30ea\u30a8\u30eb\u304c\u58f2\u308b\u3002<\/p>\n\n\n\n
    \u3053\u306e\u30b7\u30ca\u30ea\u30aa\u3067\u306f\u3001\u30d6\u30ed\u30fc\u30ab\u30fc\u306f\u5e02\u5834\u30ea\u30b9\u30af\u3092LP\u306b\u79fb\u8ee2\u3059\u308b\u3053\u3068\u3092\u597d\u3080\u3002<\/p>\n\n\n\n
    LP\u306e\u4fa1\u683c\u306f\u6b21\u306e\u3088\u3046\u306b\u9ad8\u304f\u8a2d\u5b9a\u3055\u308c\u3066\u3044\u308b\u3002 0.0011<\/strong> \u307e\u305f\u306f 1\u30d4\u30c3\u30d7<\/strong>:<\/p>\n\n\n\n
    A\u672c\u306e\u5b9f\u884c\u3068\u5185\u9762\u5316\u306e\u9055\u3044\u3092\u898b\u3066\u307f\u3088\u3046\u3002<\/p>\n\n\n\n
    \u30a8\u30fc\u30d6\u30c3\u30af<\/h3>\n\n\n\n
    \"<\/figure>\n\n\n\n
    \u5185\u9762\u5316<\/h3>\n\n\n\n
    \"\u5185\u9762\u5316\"<\/a><\/figure>\n\n\n\n
    \u30d6\u30ed\u30fc\u30ab\u30fc\u304cA-Book\u57f7\u884c\u3092\u884c\u3063\u305f\u5834\u5408\u3001\u300cLP\u306e\u30b9\u30d7\u30ec\u30c3\u30c9\u3092\u652f\u6255\u3063\u305f\u300d\u3053\u3068\u306b\u306a\u308a\u3001\u30d6\u30ed\u30fc\u30ab\u30fc\u306e\u640d\u76ca\u5bfeLP\u306f\u7b49\u3057\u304f\u306a\u308b\uff1a<\/p>\n\n\n\n
    (2007.1 - 2010.1) x 1,000,000 = -300 USD<\/pre>\n\n\n\n
    \u3082\u3057\u30d6\u30ed\u30fc\u30ab\u30fc\u304c\u3001\u53d6\u5f15\u304c\u540c\u6642\u306b\u8d77\u3053\u3063\u305f\u3068\u3044\u3046\u4e8b\u5b9f\u3092\u5229\u7528\u3057\u3001LP\u3067\u30d8\u30c3\u30b8\u3057\u306a\u304b\u3063\u305f\u306e\u3067\u3042\u308c\u3070\u3001\u305d\u306e\u30b3\u30b9\u30c8\u3092\u652f\u6255\u3046\u5fc5\u8981\u306f\u306a\u304b\u3063\u305f\u3002<\/p>\n\n\n\n
    \u30a4\u30f3\u30bf\u30fc\u30ca\u30ea\u30bc\u30fc\u30b7\u30e7\u30f3\u30fb\u30e2\u30c7\u30eb\u3092\u904b\u7528\u3059\u308b\u30d6\u30ed\u30fc\u30ab\u30fc\u306b\u3068\u3063\u3066\u306e\u4e3b\u306a\u30ea\u30b9\u30af\u306f\u3001\u30dd\u30b8\u30b7\u30e7\u30f3\u304c\u5b8c\u5168\u306b\u76f8\u6bba\u3055\u308c\u306a\u3044\u5834\u5408\u306b\u767a\u751f\u3057\u3001\u30d6\u30ed\u30fc\u30ab\u30fc\u306b\u306f\u4ee5\u4e0b\u306e\u30ea\u30b9\u30af\u304c\u6b8b\u308a\u307e\u3059\u3002 \u640d\u5931\u3092\u3082\u305f\u3089\u3059\u53ef\u80fd\u6027\u306e\u3042\u308b\u4fa1\u683c\u5909\u52d5\u3078\u306e\u30a8\u30af\u30b9\u30dd\u30fc\u30b8\u30e3\u30fc<\/strong>.<\/p>\n\n\n\n
    \u3082\u3057\u3001\u30d6\u30ed\u30fc\u30ab\u30fc\u304c\u9867\u5ba2\u306e\u6ce8\u6587\u3092\u90e8\u5206\u7684\u306b\u76f8\u6bba\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u5834\u5408\u3001\u30d6\u30ed\u30fc\u30ab\u30fc\u306b\u306f\u591a\u304f\u306e\u6ce8\u6587\u304c\u6b8b\u308a\u307e\u3059\u3002 \u3088\u308a\u5c0f\u3055\u3044\u7d14\u8cc7\u7523<\/strong> \u305d\u306e\u305f\u3081\u3001\u30d6\u30ed\u30fc\u30ab\u30fc\u306f\u5e02\u5834\u30ea\u30b9\u30af\u306b\u3055\u3089\u3055\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n
    \u3053\u308c\u3082\u307e\u305f\u3001\"\u6b8b\u4f59\u30ea\u30b9\u30af<\/strong>\".<\/p>\n\n\n\n
    \u3053\u306e\u6b8b\u5b58\u30ea\u30b9\u30af\u3092\u7ba1\u7406\u3059\u308b\u65b9\u6cd5\u306f2\u3064\u3042\u308b\uff1a<\/p>\n\n\n\n
      \n
    1. \u30d6\u30ed\u30fc\u30ab\u30fc\u306f\u3001\u30d8\u30c3\u30b8\u53d6\u5f15\u3092\u5b9f\u884c\u3059\u308b\u3053\u3068\u3067\u3001\u3053\u306e\u30ea\u30b9\u30af\u3092\u6d41\u52d5\u6027\u30d7\u30ed\u30d0\u30a4\u30c0\u30fc\u306b\u5916\u90e8\u306b\u79fb\u8ee2\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002<\/li>\n\n\n\n
    2. \u30d6\u30ed\u30fc\u30ab\u30fc\u306f\u3053\u306e\u30ea\u30b9\u30af\u3092\u53d7\u3051\u5165\u308c\u3001\u793e\u5185\u3067\u7ba1\u7406\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002<\/li>\n<\/ol>\n\n\n\n
      \u4f8bA\u30d6\u30c3\u30af\u57f7\u884c vs \u5185\u90e8\u5316 + \u30d8\u30c3\u30b8\u6ce8\u6587<\/h2>\n\n\n\n
      A-Book\u57f7\u884c\u3068\u30d8\u30c3\u30b8\u53d6\u5f15\u306b\u7d9a\u304f\u30a4\u30f3\u30bf\u30fc\u30ca\u30ea\u30bc\u30fc\u30b7\u30e7\u30f3\u306e\u9055\u3044\u3092\u898b\u3066\u307f\u3088\u3046\uff1a<\/p>\n\n\n\n
      \u30a8\u30fc\u30d6\u30c3\u30af<\/h3>\n\n\n\n
      \"<\/figure>\n\n\n\n
      \u5185\u90e8\u5316\uff0b\u30d8\u30c3\u30b8\u30fb\u30aa\u30fc\u30c0\u30fc<\/h3>\n\n\n\n
      \"\u5185\u90e8\u5316\uff0b\u30d8\u30c3\u30b8\u30fb\u30aa\u30fc\u30c0\u30fc\"<\/figure>\n\n\n\n
      \u30d6\u30ed\u30fc\u30ab\u30fc\u304cA-Book\u57f7\u884c\u3092\u884c\u3063\u305f\u5834\u5408\u3001\u30d6\u30ed\u30fc\u30ab\u30fc\u306e\u5b9f\u73fe\u640d\u76ca\u3068LP\u306f\u7b49\u3057\u304f\u306a\u308b\uff1a<\/p>\n\n\n\n
      (2008.1 - 2009.1) x 1,000,000 = -100 USD<\/pre>\n\n\n\n
      \u3057\u304b\u3057\u3001\u30a8\u30ea\u30c3\u30af\u306e\u30c8\u30ec\u30fc\u30c9\u304c\u76f8\u6bba\u3055\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u3063\u305f\u305f\u3081\u3001\u30d6\u30ed\u30fc\u30ab\u30fc\u306f\u5fc5\u305a\u3057\u3082\u30a8\u30eb\u30b5\u306e\u30c8\u30ec\u30fc\u30c9\u3092A\u30d6\u30c3\u30af\u306b\u3059\u308b\u5fc5\u8981\u306f\u306a\u304b\u3063\u305f\u3002<\/p>\n\n\n\n
      \u3064\u307e\u308a\u3001\u3082\u3057\u30d6\u30ed\u30fc\u30ab\u30fc\u304c\u3059\u3079\u3066\u306eGBP\/USD\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u300c\u5185\u90e8\u5316\u300d\u307e\u305f\u306f\u96c6\u7d04\u3057\u3066\u3044\u308c\u3070\u3001\u30a8\u30eb\u30b6\u306e\u53d6\u5f15\u3092\u30d8\u30c3\u30b8\u3059\u308b\u5fc5\u8981\u306f\u306a\u304f\u3001LP\u306e\u30b9\u30d7\u30ec\u30c3\u30c9\u3092\u652f\u6255\u308f\u306a\u304f\u3066\u6e08\u3080\u305f\u3081\u3001\u8cc7\u91d1\u3092\u7bc0\u7d04\u3067\u304d\u305f\u306f\u305a\u3067\u3059\u3002<\/p>\n\n\n\n
      \u5185\u90e8\u5316\u3057\u305f\u5f8c\u3067\u3082\u3001\u30d6\u30ed\u30fc\u30ab\u30fc\u306b\u306f 2,000,000\u82f1\u30dd\u30f3\u30c9\/\u7c73\u30c9\u30eb\u306e\u30cd\u30c3\u30c8\u30fb\u30b7\u30e7\u30fc\u30c8\u30fb\u30dd\u30b8\u30b7\u30e7\u30f3<\/strong>.<\/p>\n\n\n\n
      \u3054\u89a7\u306e\u3088\u3046\u306b\u3001\u30d6\u30ed\u30fc\u30ab\u30fc\u306f \u3053\u306e\u6b8b\u5b58\u30ea\u30b9\u30af\u3092LP\u3067\u30d8\u30c3\u30b8\u3057\u305f\u3002<\/strong>.<\/p>\n\n\n\n
      \u540c\u898f\u6a21\u306e\u53d6\u5f15\u304c\u5341\u5206\u306b\u3042\u308a\u3001\u4e92\u3044\u306b\u76f8\u6bba\u3067\u304d\u308b\u5834\u5408\u3001 \u5185\u90e8\u5316\u306f\u30d6\u30ed\u30fc\u30ab\u30fc\u306b\u3068\u3063\u3066\u975e\u5e38\u306b\u6709\u76ca\u3067\u3042\u308b\u3002<\/strong>.<\/p>\n\n\n\n
      \u3068\u306f\u3044\u3048\u3001\u76f8\u6bba\u3067\u304d\u306a\u3044\u30dd\u30b8\u30b7\u30e7\u30f3\u304c\u6b8b\u308c\u3070\u306e\u8a71\u3060\u304c\u3001 \u3053\u306e\u6b8b\u5b58\u30ea\u30b9\u30af\u306f\u3001\u30d6\u30ed\u30fc\u30ab\u30fc\u306bB-Book\u53d6\u5f15\u3068\u540c\u3058\u5e02\u5834\u30ea\u30b9\u30af\u3092\u8ca0\u308f\u305b\u307e\u3059\u3002<\/strong>.<\/p>\n\n\n\n
      \u30d6\u30ed\u30fc\u30ab\u30fc\u304c\u53d6\u5f15\u3092\u5185\u90e8\u5316\u3059\u308b\u969b\u306b\u3088\u304f\u884c\u308f\u308c\u308b\u306e\u306f\u3001\u6b21\u306e\u3088\u3046\u306a\u3084\u308a\u65b9\u3060\uff1a<\/p>\n\n\n\n
        \n
      1. \u307e\u305a\u6700\u521d\u306b\u3001\u00a0\u9867\u5ba2\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u4e92\u3044\u306b\u76f8\u6bba\u3059\u308b<\/strong>\u305d\u3057\u3066...<\/li>\n\n\n\n
      2. \u6b8b\u308a\u306e\u30ea\u30b9\u30af\u30a8\u30af\u30b9\u30dd\u30fc\u30b8\u30e3\u30fc\u3092\u96c6\u7d04\u3057\u3001LP\u3068\u5916\u90e8\u30d8\u30c3\u30b8\u3059\u308b\u3002\u51fa\u6765\u9ad8\u52a0\u91cd\u5e73\u5747\u4fa1\u683c<\/strong>\u300c\u307e\u305f\u306f\u30d6\u30a4\u30ef\u30c3\u30d7<\/strong>\".<\/li>\n<\/ol>\n\n\n\n
        <\/a>\u4e0a\u8a18\u306e\u4f8b\u304b\u3089\u3001\u30a8\u30eb\u30b5\u306e\u30c8\u30ec\u30fc\u30c9\u306f\u30a2\u30ea\u30a8\u30eb\u306e\u30c8\u30ec\u30fc\u30c9\u306b\u3088\u3063\u3066\u5185\u90e8\u76f8\u6bba\u3055\u308c\u305f\u3053\u3068\u304c\u308f\u304b\u308b\u3002<\/p>\n\n\n\n
        \u30a8\u30eb\u30b6\u306f100,000 GBP\/USD\u3092\u30ed\u30f3\u30b0\u3057\u3001\u30a2\u30ea\u30a8\u30eb\u306f100,000 GBP\/USD\u3092\u30b7\u30e7\u30fc\u30c8\u3057\u305f\u306e\u3067\u3001\u30d6\u30ed\u30fc\u30ab\u30fc\u306e\u30ea\u30b9\u30af\u30a8\u30af\u30b9\u30dd\u30fc\u30b8\u30e3\u30fc\u306f\u30bc\u30ed\u3067\u3059\u3002<\/p>\n\n\n\n
        \u3057\u304b\u3057\u305d\u306e\u5f8c\u3001\u4ed6\u306e3\u4eba\u306e\u30c8\u30ec\u30fc\u30c0\u30fc\u3001\u30a8\u30ea\u30c3\u30af\u3001\u30b8\u30e3\u30b9\u30df\u30f3\u3001\u30eb\u30a4\u30b9\u304c\u305d\u308c\u305e\u308c\u7570\u306a\u308b\u4fa1\u683c\u3067GBP\/USD\u3092\u30ed\u30f3\u30b0\u3057\u305f\u3002<\/p>\n\n\n\n
        \u4ed6\u306b\u30b7\u30e7\u30fc\u30c8\u3059\u308b\u9867\u5ba2\u304c\u3044\u306a\u3044\u305f\u3081\u3001\u30d6\u30ed\u30fc\u30ab\u30fc\u306f\u3053\u306e\u30ea\u30b9\u30af\u3092\u30d8\u30c3\u30b8\u3057\u305f\u3044\u306e\u3060\u3002<\/p>\n\n\n\n
        \u5404\u53d6\u5f15\u3092\u500b\u5225\u306b\u30d8\u30c3\u30b8\u3059\u308b\u4ee3\u308f\u308a\u306b\u3001\u30d6\u30ed\u30fc\u30ab\u30fc\u306f 3\u3064\u306e\u500b\u5225\u53d6\u5f15\u3092\u96c6\u7d04<\/strong> \u306b\u57fa\u3065\u304d\u3001LP\u3068\u5358\u4e00\u306e\u30d8\u30c3\u30b8\u53d6\u5f15\u3092\u884c\u3046\u3002 1.2511\u306eVWAP<\/strong>.<\/p>\n\n\n\n
        VWAP\u306e\u8a08\u7b97\u65b9\u6cd5\u306f\u3053\u3046\u3060\uff1a<\/p>\n\n\n\n
        \u30c8\u30ec\u30fc\u30c0\u30fc<\/th>\u30dc\u30ea\u30e5\u30fc\u30e0<\/th>\u4fa1\u683c<\/th>\u60f3\u5b9a\u5143\u672c<\/th><\/tr><\/thead>
        \u30a8\u30ea\u30c3\u30af<\/td>200,000<\/td>1.2508<\/td>250,160<\/td><\/tr>
        \u30b8\u30e3\u30b9\u30df\u30f3<\/td>300,000<\/td>1.2510<\/td>375,300<\/td><\/tr>
        \u30eb\u30a4<\/td>500,000<\/td>1.2512<\/td>625,600<\/td><\/tr>
        <\/td>1,000,000<\/td><\/td>1,251,060<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
        \u30d6\u30a4\u30ef\u30c3\u30d7<\/strong> = \u60f3\u5b9a\u5143\u672c\u00f7\u7dcf\u51fa\u6765\u9ad8\n\u30d6\u30a4\u30ef\u30c3\u30d7<\/strong> = 1,251,060 \/ 1,000,000\n\u30d6\u30a4\u30ef\u30c3\u30d7<\/strong> = 1.2511<\/pre>\n\n\n\n
        \u8907\u6570\u306e\u9867\u5ba2\u306e\u53d6\u5f15\u3092\u96c6\u7d04\u3059\u308b\u3053\u3068\u306f\u3001\u30d6\u30ed\u30fc\u30ab\u30fc\u306b\u3068\u3063\u3066\u4e00\u822c\u7684\u306a\u6163\u884c\u3067\u3042\u308b\u3002 \u307b\u3068\u3093\u3069\u306eLP\u3068\u306e\u53d6\u5f15\u3067\u306f\u3001\u6700\u4f4e\u53d6\u5f15\u30b5\u30a4\u30ba\u304c\u5fc5\u8981\u3067\u3059\u3002<\/strong>\u901a\u5e38\u306f\u5c11\u306a\u304f\u3068\u3082 \u6a19\u6e96\u30ed\u30c3\u30c81<\/strong> \u307e\u305f\u306f  10\u4e07\u53f0<\/strong>.<\/p>\n\n\n\n
        \u30d6\u30ed\u30fc\u30ab\u30fc\u306e\u9867\u5ba2\u304c\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u6301\u3064\u5834\u5408 10\u4e07\u53f0\u672a\u6e80<\/strong>\u305d\u306e\u5834\u5408\u3001\u30d6\u30ed\u30fc\u30ab\u30fc\u306f\u4ed6\u306e\u9867\u5ba2\u304c\u53d6\u5f15\u3059\u308b\u307e\u3067\u5f85\u305f\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002\u30d0\u30f3\u30c9\u30eb<\/strong>\u300c\u7570\u306a\u308b\u53d6\u5f15\u306b\u3088\u308b\u30ea\u30b9\u30af<\/p>\n\n\n\n
        \u30d6\u30ed\u30fc\u30ab\u30fc\u304c\u6ce8\u6587\u3092\u96c6\u7d04\u3059\u308b\u3082\u3046\u4e00\u3064\u306e\u7406\u7531\u306f\u3001\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3042\u308b\u3002 LP\u3067\u3059\u3079\u3066\u306e\u30d8\u30c3\u30b8\u3092\u884c\u3046\u6642\u9593\u3092\u77ed\u7e2e\u3059\u308b\u3002<\/strong>.<\/p>\n\n\n\n
        \u4f8b\u3048\u3070\u3001\u30d6\u30ed\u30fc\u30ab\u30fc\u304c STP\u306e\u5b9f\u884c<\/a>\u4e00\u5ea6\u306b\u591a\u304f\u306e\u5c0f\u3055\u306a\u8cb7\u3044\u6ce8\u6587\u3092\u57f7\u884c\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002\u30b7\u30b0\u30ca\u30eb<\/strong>\u300c\u3053\u306e\u30d1\u30bf\u30fc\u30f3\u304c\u7d9a\u304f\u304b\u3082\u3057\u308c\u306a\u3044\u3002<\/p>\n\n\n\n
        \u58f2\u308a\u6ce8\u6587\u3088\u308a\u3082\u8cb7\u3044\u6ce8\u6587\u306e\u65b9\u304c\u591a\u3044\u3053\u3068\u3092\u691c\u77e5\u3059\u308b\u3068\u3001\u4fa1\u683c\u3092\u300c\u9670\u8ee2\u300d\u3055\u305b\u3001\u30a2\u30b9\u30af\uff08\u8cb7\u3044\uff09\u4fa1\u683c\u3092\u901a\u5e38\u3088\u308a\u3082\u9ad8\u304f\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3002<\/p>\n\n\n\n
        \u3053\u306e\u7d50\u679c\u3001\u30d6\u30ed\u30fc\u30ab\u30fc\u306e\u9867\u5ba2\u306f\u3001\u30d6\u30ed\u30fc\u30ab\u30fc\u304c\u6b21\u306e\u3088\u3046\u306a\u30e1\u30fc\u30eb\u3092\u9001\u4fe1\u3057\u305f\u5834\u5408\u3088\u308a\u3082\u60aa\u3044\u30d5\u30a3\u30eb\u3092\u5f97\u308b\u3053\u3068\u306b\u306a\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3002 LP\u3078\u306e\u30b7\u30f3\u30b0\u30eb\u30aa\u30fc\u30c0\u30fc<\/strong>.<\/p>\n\n\n\n
        \u3053\u308c\u306f\u3001\u6d41\u52d5\u6027\u306e\u4f4e\u3044\u5e02\u5834\u3084\u52d5\u304d\u306e\u901f\u3044\u5e02\u5834\u3067\u306f\u7279\u306b\u91cd\u8981\u3067\u3042\u308b\u3002<\/p>\n\n\n\n
        \u4ee5\u4e0b\u306f\u3001FX\u30d6\u30ed\u30fc\u30ab\u30fc\u304c\u305d\u306e\u57f7\u884c\u65b9\u6cd5\u3068\u53d6\u5f15\u7d50\u679c\u306b\u3088\u3063\u3066\u3069\u306e\u3088\u3046\u306a\u5229\u76ca\u3092\u5f97\u308b\u304b\u3092\u307e\u3068\u3081\u305f\u3082\u306e\u3067\u3059\uff1a<\/p>\n\n\n\n
        \u9867\u5ba2\u306e\u53d6\u5f15<\/strong><\/td>\u30d6\u30ed\u30fc\u30ab\u30fc\u306e\u6ce8\u6587\u57f7\u884c<\/strong><\/td>\u30d9\u30cd\u30d5\u30a3\u30c3\u30c8<\/strong><\/td><\/tr>
        \u52dd\u5229<\/td>B\u30d6\u30c3\u30af\uff08\u30ea\u30b9\u30af\u3092\u53d7\u3051\u5165\u308c\u308b\uff09<\/td>\u9867\u5ba2\u306e\u5229\u76ca\u306f\u30d6\u30ed\u30fc\u30ab\u30fc\u306e\u640d\u5931<\/td><\/tr>
        \u52dd\u5229<\/td>A\u30d6\u30c3\u30af\uff08\u79fb\u7c4d\u30ea\u30b9\u30af\uff09<\/td>\u30d6\u30ed\u30fc\u30ab\u30fc\u306e\u30b9\u30d7\u30ec\u30c3\u30c9 - LP\u306e\u30b9\u30d7\u30ec\u30c3\u30c9<\/td><\/tr>
        \u52dd\u5229<\/td>\u5185\u90e8\u5316\uff08\u5225\u306e\u9867\u5ba2\u3068\u30ea\u30b9\u30af\u3092\u76f8\u6bba\u3059\u308b\uff09<\/td>\u30d6\u30ed\u30fc\u30ab\u30fc\u306e\u30b9\u30d7\u30ec\u30c3\u30c9<\/td><\/tr>
        \u6557\u9000<\/td>B\u30d6\u30c3\u30af\uff08\u30ea\u30b9\u30af\u3092\u53d7\u3051\u5165\u308c\u308b\uff09<\/td>\u9867\u5ba2\u306e\u640d\u5931\u306f\u30d6\u30ed\u30fc\u30ab\u30fc\u306e\u5229\u76ca<\/td><\/tr>
        \u6557\u9000<\/td>A\u30d6\u30c3\u30af\uff08\u79fb\u7c4d\u30ea\u30b9\u30af\uff09<\/td>\u30d6\u30ed\u30fc\u30ab\u30fc\u306e\u30b9\u30d7\u30ec\u30c3\u30c9 - LP\u306e\u30b9\u30d7\u30ec\u30c3\u30c9<\/td><\/tr>
        \u6557\u9000<\/td>\u5185\u90e8\u5316\uff08\u5225\u306e\u9867\u5ba2\u3068\u30ea\u30b9\u30af\u3092\u76f8\u6bba\u3059\u308b\uff09<\/td>\u30d6\u30ed\u30fc\u30ab\u30fc\u306e\u30b9\u30d7\u30ec\u30c3\u30c9<\/td><\/tr><\/tbody><\/table><\/figure>","protected":false},"excerpt":{"rendered":"
        With A-Book (or STP) execution, the broker manages the risk of each trade individually. But what if one trader opens a long GBP\/USD position, and another trader opens a short GBP\/USD position at or around the same time? Rather than the A-Book broker having to hedge each trade separately with an LP, why can\u2019t the risk exposure from the two trades \u201ccancel\u201d each other out? Well, they can. Instead of managing risk for every individual trade, a broker can aggregate customer trades that all contain the same currency pair. This process of aggregating trades is known as Internalization. For example, some customers may buy GBP\/USD, while others may sell GBP\/USD. Different traders have different opinions so […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49,48],"tags":[],"class_list":["post-3558","post","type-post","status-publish","format-standard","hentry","category-forex-brokers-101","category-kindergarten"],"_links":{"self":[{"href":"https:\/\/apex-aiexperts.com\/ja\/wp-json\/wp\/v2\/posts\/3558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/apex-aiexperts.com\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/apex-aiexperts.com\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/apex-aiexperts.com\/ja\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/apex-aiexperts.com\/ja\/wp-json\/wp\/v2\/comments?post=3558"}],"version-history":[{"count":1,"href":"https:\/\/apex-aiexperts.com\/ja\/wp-json\/wp\/v2\/posts\/3558\/revisions"}],"predecessor-version":[{"id":3559,"href":"https:\/\/apex-aiexperts.com\/ja\/wp-json\/wp\/v2\/posts\/3558\/revisions\/3559"}],"wp:attachment":[{"href":"https:\/\/apex-aiexperts.com\/ja\/wp-json\/wp\/v2\/media?parent=3558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/apex-aiexperts.com\/ja\/wp-json\/wp\/v2\/categories?post=3558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/apex-aiexperts.com\/ja\/wp-json\/wp\/v2\/tags?post=3558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}