#交易流动性 #交易流动性
Liquidity is a core indicator of the market's ability to efficiently execute trades, and its role is reflected in the following dimensions:
Trading Efficiency: A high liquidity market can quickly match buy and sell orders, shortening transaction time (timeliness);
Price Stability: When liquidity is sufficient, large transactions have a smaller impact on market prices, reducing abnormal fluctuations (depth and elasticity);
Cost Control: The bid-ask spread (tightness) reflects transaction costs; the better the liquidity, the narrower the spread tends to be.