摘要翻译：
我们考虑了设计一个以满足客户在上市期权方面的需求和提供适当流动性为目标的衍生品交易所的问题。我们进行两个步骤。首先，我们使用量化方法来选择交易所应该显示的选项。然后，采用委托代理的方法，设计了交易所与做市商之间的一个做市费合约。该合约的作用是向做市商提供激励，使其为所有上市期权提供较小的价差，从而吸引交易，并满足交易所的商业要求。
---
英文标题：
《How to design a derivatives market?》
---
作者：
Bastien Baldacci, Paul Jusselin and Mathieu Rosenbaum
---
最新提交年份：
2019
---
分类信息：

一级分类：Quantitative Finance        数量金融学
二级分类：Trading and Market Microstructure        交易与市场微观结构
分类描述：Market microstructure, liquidity, exchange and auction design, automated trading, agent-based modeling and market-making
市场微观结构，流动性，交易和拍卖设计，自动化交易，基于代理的建模和做市
--
一级分类：Economics        经济学
二级分类：General Economics        一般经济学
分类描述：General methodological, applied, and empirical contributions to economics.
对经济学的一般方法、应用和经验贡献。
--
一级分类：Quantitative Finance        数量金融学
二级分类：Economics        经济学
分类描述：q-fin.EC is an alias for econ.GN. Economics, including micro and macro economics, international economics, theory of the firm, labor economics, and other economic topics outside finance
q-fin.ec是econ.gn的别名。经济学，包括微观和宏观经济学、国际经济学、企业理论、劳动经济学和其他金融以外的经济专题
--

---
英文摘要：
  We consider the problem of designing a derivatives exchange aiming at addressing clients needs in terms of listed options and providing suitable liquidity. We proceed into two steps. First we use a quantization method to select the options that should be displayed by the exchange. Then, using a principal-agent approach, we design a make take fees contract between the exchange and the market maker. The role of this contract is to provide incentives to the market maker so that he offers small spreads for the whole range of listed options, hence attracting transactions and meeting the commercial requirements of the exchange.
---
PDF链接：
https://arxiv.org/pdf/1909.09257