\u30bd\u30fc\u30b7\u30e3\u30eb\u30c8\u30ec\u30fc\u30c9\u306f\u3059\u3067\u306b\u6a5f\u68b0\u7684\u306a\u300c\u30ef\u30f3\u30af\u30ea\u30c3\u30af\u30b3\u30d4\u30fc\u300d\u306e\u521d\u671f\u6bb5\u968e\u3092\u8d85\u3048\u3001\u3088\u308a\u9ad8\u6b21\u5143\u306e\u300c\u8a8d\u77e5\u7684\u5b9f\u73fe\u300d\u306b\u5411\u3051\u3066\u5b8c\u5168\u306b\u9032\u5316\u3057\u3064\u3064\u3042\u308a\u307e\u3059\u3002\u3053\u306e\u65b0\u3057\u3044\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u3067\u306f\u3001\u30c8\u30ec\u30fc\u30c0\u30fc\u306f\u3082\u306f\u3084\u5358\u306a\u308b\u30b7\u30b0\u30ca\u30eb\u9001\u4fe1\u8005\u3067\u306f\u306a\u304f\u3001\u6226\u7565\u30ed\u30b8\u30c3\u30af\u3068\u30ea\u30b9\u30af\u7ba1\u7406\u30b7\u30b9\u30c6\u30e0\u306e\u5fb9\u5e95\u7684\u306a\u5171\u6709\u3092\u901a\u3058\u3066\u5408\u7406\u7684\u306a\u5229\u76ca\u3092\u7372\u5f97\u3057\u3066\u3044\u307e\u3059\u3002\u30d5\u30a9\u30ed\u30ef\u30fc\u306f\u3082\u306f\u3084\u76f2\u76ee\u7684\u306a\u57f7\u884c\u6a5f\u68b0\u3067\u306f\u306a\u304f\u3001\u30de\u30b9\u30bf\u30fc\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u30ed\u30b8\u30c3\u30af\u3001\u8cc7\u91d1\u914d\u5206\u3001\u6975\u7aef\u306a\u5e02\u5834\u72b6\u6cc1\u306b\u5fdc\u3058\u305f\u610f\u601d\u6c7a\u5b9a\u3092\u89b3\u5bdf\u3059\u308b\u3053\u3068\u3067\u3001\u81ea\u5df1\u53d6\u5f15\u30b7\u30b9\u30c6\u30e0\u306e\u53cd\u5fa9\u3068\u30a2\u30c3\u30d7\u30b0\u30ec\u30fc\u30c9\u3092\u5b9f\u73fe\u3057\u307e\u3059\u3002\u3053\u306e\u53cc\u65b9\u5411\u306e\u4fa1\u5024\u306e\u6d41\u308c\u306b\u3088\u308a\u3001\u30bd\u30fc\u30b7\u30e3\u30eb\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u306f\u5b9f\u969b\u306e\u7d4c\u9a13\u3068\u77e5\u8b58\u3078\u306e\u6b32\u6c42\u3092\u3064\u306a\u3050\u67b6\u3051\u6a4b\u3068\u306a\u308a\u3001\u77e5\u6075\u3068\u7d4c\u9a13\u304c\u5e02\u5834\u3067\u6b63\u5f53\u306a\u30d7\u30ec\u30df\u30a2\u30e0\u3092\u7372\u5f97\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n
\u3053\u306e\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306e\u5065\u5168\u306a\u904b\u55b6\u3092\u78ba\u4fdd\u3059\u308b\u305f\u3081\u306b\u3001\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306f\u975e\u5e38\u306b\u53b3\u683c\u306a\u30ea\u30b9\u30af\u7ba1\u7406\u3068\u900f\u660e\u6027\u306e\u30e1\u30ab\u30cb\u30ba\u30e0\u3092\u78ba\u7acb\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u6ce8\u6587\u3092\u4e3b\u5c0e\u3059\u308b\u6559\u5e2b\u306e\u305f\u3081\u306b\u3001WMAX \u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306f\u3001\u904e\u6fc0\u306a\u30b2\u30fc\u30e0\u3084\u30e2\u30e9\u30eb\u30cf\u30b6\u30fc\u30c9\u3092\u7d44\u7e54\u30ec\u30d9\u30eb\u304b\u3089\u6392\u9664\u3059\u308b\u305f\u3081\u306b\u3001\u6700\u5927\u30c9\u30ed\u30fc\u30c0\u30a6\u30f3\u5236\u9650\u3001\u5f37\u5236\u6e05\u7b97\u30e9\u30a4\u30f3\u3001\u9867\u5ba2\u8cc7\u91d1\u306e\u7d76\u5bfe\u7684\u9694\u96e2\u306a\u3069\u306e\u8907\u6570\u306e\u4fdd\u8b77\u63aa\u7f6e\u3092\u5b9f\u88c5\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u900f\u660e\u6027\u3068\u4fe1\u983c\u6027\u306e\u7a76\u6975\u306e\u8ffd\u6c42\u306f\u3001\u300c\u5faa\u74b0\u7684\u53ce\u7a6b\u300d\u3092\u8a66\u307f\u308b\u6295\u6a5f\u5bb6\u3092\u6392\u9664\u3059\u308b\u3060\u3051\u3067\u306a\u304f\u3001\u793e\u4f1a\u7684\u6295\u8cc7\u30b5\u30fc\u30af\u30eb\u5168\u4f53\u306b\u5f8c\u62bc\u3057\u3092\u4e0e\u3048\u3001\u771f\u306b\u5b89\u5b9a\u3057\u305f\u53ce\u76ca\u6027\u3092\u5099\u3048\u305f\u30c8\u30ec\u30fc\u30c0\u30fc\u3092\u969b\u7acb\u305f\u305b\u3001\u9577\u671f\u7684\u306aWin-Win\u306e\u4fe1\u983c\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u3092\u69cb\u7bc9\u3059\u308b\u3053\u3068\u3092\u53ef\u80fd\u306b\u3057\u307e\u3059\u3002<\/p>\n
\u57fa\u76e4\u3068\u306a\u308b\u30c6\u30af\u30ce\u30ed\u30b8\u30fc: \u516c\u6b63\u306a\u898b\u7a4d\u308a\u306e\u5b9f\u884c\u30e2\u30c7\u30eb\u3092\u660e\u3089\u304b\u306b\u3059\u308b<\/p>\n
\u53d6\u5f15\u74b0\u5883\u306b\u53b3\u3057\u3044\u8981\u4ef6\u3092\u6301\u3064\u4e0a\u7d1a\u30d7\u30ec\u30fc\u30e4\u30fc\u306b\u3068\u3063\u3066\u3001\u57fa\u790e\u3068\u306a\u308b\u6ce8\u6587\u57f7\u884c\u30ed\u30b8\u30c3\u30af\u3092\u7406\u89e3\u3059\u308b\u3053\u3068\u306f\u3001\u81ea\u5206\u306e\u6a29\u5229\u3068\u5229\u76ca\u3092\u5b88\u308b\u305f\u3081\u306e\u524d\u63d0\u6761\u4ef6\u3067\u3042\u308a\u3001\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30fc\u30ab\u30fc\u3001STP\u3001ECN \u30e2\u30c7\u30eb\u306e\u9055\u3044\u304c\u4e2d\u6838\u3068\u306a\u308a\u307e\u3059\u3002 The market maker model usually has the platform acting as the counterparty, which has potential conflicts of interest;\u4e00\u65b9\u3001STP (\u30b9\u30c8\u30ec\u30fc\u30c8\u30b9\u30eb\u30fc\u30d7\u30ed\u30bb\u30c3\u30b7\u30f3\u30b0) \u3068 ECN (\u96fb\u5b50\u901a\u4fe1\u30cd\u30c3\u30c8\u30ef\u30fc\u30af) \u306f\u771f\u306e\u30ce\u30fc\u30c7\u30a3\u30fc\u30ea\u30f3\u30b0\u30c7\u30b9\u30af (NDD) \u30e2\u30c7\u30eb\u3092\u8868\u3057\u3066\u304a\u308a\u3001\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306f\u6ce8\u6587\u3092\u5916\u90e8\u306e\u6d41\u52d5\u6027\u30d7\u30fc\u30eb\u306b\u30eb\u30fc\u30c6\u30a3\u30f3\u30b0\u3059\u308b\u30c1\u30e3\u30cd\u30eb\u3068\u3057\u3066\u306e\u307f\u6a5f\u80fd\u3057\u3001\u9867\u5ba2\u3068\u30ae\u30e3\u30f3\u30d6\u30eb\u3092\u3059\u308b\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u3092\u5b8c\u5168\u306b\u6392\u9664\u3057\u307e\u3059\u3002\u57fa\u790e\u3068\u306a\u308b\u30a2\u30fc\u30ad\u30c6\u30af\u30c1\u30e3\u306e\u3053\u306e\u9055\u3044\u306f\u3001\u898b\u7a4d\u306e\u516c\u5e73\u6027\u3001\u30b9\u30ea\u30c3\u30da\u30fc\u30b8\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3001\u304a\u3088\u3073\u53d6\u5f15\u30b3\u30b9\u30c8\u306e\u69cb\u9020\u3092\u76f4\u63a5\u6c7a\u5b9a\u3057\u307e\u3059\u3002<\/p>\n
\u5b8c\u5168\u306b\u516c\u6b63\u306a\u53d6\u5f15\u74b0\u5883\u3092\u8ffd\u6c42\u3059\u308b\u305f\u3081\u3001WMAX \u306f\u57fa\u790e\u7684\u306a\u6280\u8853\u30ed\u30b8\u30c3\u30af\u3092\u901a\u3058\u3066\u30e6\u30fc\u30b6\u30fc\u3068\u7af6\u5408\u3057\u306a\u3044\u3068\u3044\u3046\u78ba\u56fa\u305f\u308b\u7acb\u5834\u3092\u8a3c\u660e\u3059\u308b\u3053\u3068\u306b\u5c3d\u529b\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306f\u30c8\u30c3\u30d7\u9280\u884c\u306e\u6d41\u52d5\u6027\u30d7\u30fc\u30eb\u306b\u76f4\u63a5\u63a5\u7d9a\u3057\u3001\u4e0a\u7d1a\u30d7\u30ec\u30fc\u30e4\u30fc\u5411\u3051\u306b\u7af6\u4e89\u529b\u306e\u9ad8\u3044 2 \u3064\u306e\u5b9f\u884c\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\u3092\u63d0\u4f9b\u3057\u307e\u3059\u30021 \u3064\u306f\u300c\u30cd\u30a4\u30ad\u30c3\u30c9 \u30b9\u30d7\u30ec\u30c3\u30c9 + \u56fa\u5b9a\u624b\u6570\u6599\u300d\u306e ECN \u30e2\u30c7\u30eb\u3067\u3001\u5b9f\u969b\u306e\u5e02\u5834\u306e\u9700\u8981\u3068\u4f9b\u7d66\u3092\u76f4\u63a5\u793a\u3057\u3001\u9ad8\u983b\u5ea6\u30c8\u30ec\u30fc\u30c0\u30fc\u3084\u30b9\u30ad\u30e3\u30eb\u30d4\u30f3\u30b0 \u30c8\u30ec\u30fc\u30c0\u30fc\u306b\u9069\u3057\u3066\u3044\u307e\u3059\u3002 2\u3064\u76ee\u306f\u300c\u624b\u6570\u6599\u30bc\u30ed\u3001\u30b3\u30b9\u30c8\u306f\u30b9\u30d7\u30ec\u30c3\u30c9\u306b\u542b\u307e\u308c\u308b\u300dSTP\u30e2\u30c7\u30eb\u3067\u3001\u6975\u3081\u3066\u4f4e\u3044\u53d6\u5f15\u30b3\u30b9\u30c8\u3092\u7dad\u6301\u3057\u306a\u304c\u3089\u6975\u3081\u3066\u9ad8\u3044\u7d04\u5b9a\u5229\u4fbf\u6027\u3092\u5b9f\u73fe\u3057\u307e\u3059\u3002\u3069\u306e\u30e2\u30fc\u30c9\u3092\u9078\u629e\u3057\u3066\u3082\u3001\u30e6\u30fc\u30b6\u30fc\u306f\u6a5f\u95a2\u30ec\u30d9\u30eb\u306e\u6ce8\u6587\u7167\u5408\u901f\u5ea6\u3068\u5b8c\u5168\u306b\u900f\u660e\u306a\u898b\u7a4d\u74b0\u5883\u3092\u4eab\u53d7\u3067\u304d\u307e\u3059\u3002<\/p>\n
\u30a8\u30b3\u30ed\u30b8\u30ab\u30eb\u306a\u9032\u6b69: \u900f\u660e\u6027\u3068\u4fe1\u983c\u6027\u306e\u9ad8\u3044\u53d6\u5f15\u30b5\u30fc\u30af\u30eb\u306e\u69cb\u7bc9<\/p>\n
\u5065\u5168\u306a\u793e\u4f1a\u6295\u8cc7\u30b5\u30fc\u30af\u30eb\u306b\u306f\u3001\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u306e\u4fdd\u8b77\u3060\u3051\u3067\u306a\u304f\u3001\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306e\u60c5\u5831\u958b\u793a\u3084\u30eb\u30fc\u30eb\u7b56\u5b9a\u306b\u304a\u3044\u3066\u6975\u3081\u3066\u900f\u660e\u6027\u304c\u9ad8\u3044\u3053\u3068\u3082\u6c42\u3081\u3089\u308c\u307e\u3059\u3002\u512a\u308c\u305f\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u306f\u3001\u5f93\u6765\u306e\u30c7\u30fc\u30bf\u306e\u30d6\u30e9\u30c3\u30af\u30dc\u30c3\u30af\u30b9\u3092\u6253\u3061\u7834\u308a\u3001\u5b9f\u969b\u306e\u904e\u53bb\u306e\u53d6\u5f15\u8a18\u9332\u3001\u6700\u5927\u30c9\u30ed\u30fc\u30c0\u30a6\u30f3\u3001\u30b7\u30e3\u30fc\u30d7\u30ec\u30b7\u30aa\u3001\u6559\u5e2b\u306e\u30ea\u30b9\u30af\u9078\u597d\u3092\u5168\u6b21\u5143\u306e\u30e9\u30d9\u30eb\u3067\u8868\u793a\u3057\u3001\u300c\u751f\u5b58\u8005\u30d0\u30a4\u30a2\u30b9\u300d\u30b9\u30bf\u30a4\u30eb\u306e\u30c7\u30fc\u30bf\u7f8e\u5316\u3092\u62d2\u5426\u3057\u307e\u3059\u3002\u3053\u306e\u8a73\u7d30\u306a\u30c7\u30fc\u30bf\u306e\u900f\u660e\u6027\u306b\u3088\u308a\u3001\u4fe1\u8005\u306f\u5c02\u9580\u306e\u30d5\u30a1\u30f3\u30c9\u30ec\u30dd\u30fc\u30c8\u3092\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u3059\u308b\u306e\u3068\u540c\u3058\u3088\u3046\u306b\u3001\u6226\u7565\u306e\u57fa\u790e\u3068\u306a\u308b\u30ed\u30b8\u30c3\u30af\u3068\u81ea\u8eab\u306e\u30ea\u30b9\u30af\u8a31\u5bb9\u5ea6\u3092\u6b63\u78ba\u306b\u8a55\u4fa1\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u3001\u77ed\u671f\u66b4\u5229\u306e\u795e\u8a71\u306b\u5f37\u5236\u3055\u308c\u308b\u306e\u3067\u306f\u306a\u304f\u3001\u5408\u7406\u7684\u306a\u8cc7\u7523\u914d\u5206\u3092\u884c\u3046\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n
\u3053\u306e\u9032\u5316\u3057\u7d9a\u3051\u308b\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306b\u304a\u3044\u3066\u3001WMAX \u306f\u5e38\u306b\u30e6\u30fc\u30b6\u30fc\u306e\u53d6\u5f15\u4f53\u9a13\u3068\u8ca1\u52d9\u4e0a\u306e\u5b89\u5168\u6027\u3092\u78ba\u4fdd\u3059\u308b\u3053\u3068\u3092\u6700\u512a\u5148\u3057\u3066\u304d\u307e\u3057\u305f\u3002\u7d99\u7d9a\u7684\u306a\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u306e\u53cd\u5fa9\u3068\u30ea\u30b9\u30af\u7ba1\u7406\u306e\u30a2\u30c3\u30d7\u30b0\u30ec\u30fc\u30c9\u3092\u901a\u3058\u3066\u3001WMAX \u306f\u30bd\u30fc\u30b7\u30e3\u30eb \u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u306e\u65b0\u3057\u3044\u696d\u754c\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u3092\u8a2d\u5b9a\u3057\u307e\u3057\u305f\u3002\u30d5\u30ed\u30f3\u30c8\u30a8\u30f3\u30c9\u306e\u5229\u76ca\u5206\u914d\u3068\u8a3c\u62e0\u91d1\u30e1\u30ab\u30cb\u30ba\u30e0\u3092\u901a\u3058\u3066\u5229\u76ca\u62d8\u675f\u3092\u5b9f\u73fe\u3059\u308b\u30bd\u30fc\u30b7\u30e3\u30eb\u30a4\u30ce\u30d9\u30fc\u30b7\u30e7\u30f3\u3067\u3042\u308c\u3001\u30c8\u30c3\u30d7\u6d41\u52d5\u6027\u30d7\u30fc\u30eb\u306b\u76f4\u63a5\u63a5\u7d9a\u3055\u308c\u305f\u57fa\u790e\u7684\u306a\u57f7\u884c\u69cb\u9020\u3067\u3042\u308c\u3001\u771f\u306e\u30bd\u30fc\u30b7\u30e3\u30eb\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u306f\u4fe1\u983c\u3001\u900f\u660e\u6027\u3001\u516c\u5e73\u6027\u306b\u57fa\u3065\u3044\u305f\u4fa1\u5024\u306e\u5171\u540c\u69cb\u7bc9\u3067\u3042\u308b\u3068\u3044\u3046\u660e\u78ba\u306a\u30b7\u30b0\u30ca\u30eb\u3092\u5e02\u5834\u306b\u9001\u3063\u3066\u3044\u307e\u3059\u3002\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3001\u30c8\u30ec\u30fc\u30c0\u30fc\u3001\u30d5\u30a9\u30ed\u30ef\u30fc\u304c\u771f\u306b\u540c\u3058\u7acb\u5834\u306b\u7acb\u3061\u3001\u4e00\u8cab\u3057\u305f\u5229\u76ca\u5fd7\u5411\u3068\u30ea\u30b9\u30af\u7ba1\u7406\u898f\u5f8b\u306b\u5f93\u3046\u5834\u5408\u306b\u306e\u307f\u3001\u30bd\u30fc\u30b7\u30e3\u30eb\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u306f\u30bc\u30ed\u30b5\u30e0\u30b2\u30fc\u30e0\u306e\u6ce5\u6cbc\u304b\u3089\u5b8c\u5168\u306b\u629c\u3051\u51fa\u3057\u3001\u9577\u671f\u7684\u306a\u7e41\u6804\u306b\u5411\u3051\u3066\u9032\u3080\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>","protected":false},"excerpt":{"rendered":"
\u30bd\u30fc\u30b7\u30e3\u30eb \u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u3092\u8a8d\u77e5\u7684\u5b9f\u73fe\u306e\u65b0\u6642\u4ee3\u306b\u5c0e\u304d\u3001\u76f2\u76ee\u7684\u306a\u6a5f\u68b0\u7684\u30b3\u30d4\u30fc\u306b\u5225\u308c\u3092\u544a\u3052\u307e\u3057\u3087\u3046\u3002 This article provides an in-depth understanding of the conflicts of interest of market makers\u2019 counterparties, and explains in detail the ECN naked spread model and STP No Dealing Desk (NDD) routing architecture that are directly connected to top liquidity pools. Combined with the maximum drawdown limit, Sharpe ratio's full-dimensional labeled information disclosure and forced liquidation line, it comprehensively dismantles how the platform can build a long-term and win-win black-box social investment circle through strict gatekeeper risk control systems.<\/p>","protected":false},"author":1,"featured_media":10290,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[122],"tags":[1272,1220,1271],"class_list":["post-10289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tutorial","tag-1272","tag-1220","tag-1271"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/ja\/wp-json\/wp\/v2\/posts\/10289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kpai1.cn\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kpai1.cn\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/ja\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/ja\/wp-json\/wp\/v2\/comments?post=10289"}],"version-history":[{"count":1,"href":"https:\/\/www.kpai1.cn\/ja\/wp-json\/wp\/v2\/posts\/10289\/revisions"}],"predecessor-version":[{"id":10291,"href":"https:\/\/www.kpai1.cn\/ja\/wp-json\/wp\/v2\/posts\/10289\/revisions\/10291"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/ja\/wp-json\/wp\/v2\/media\/10290"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/ja\/wp-json\/wp\/v2\/media?parent=10289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/ja\/wp-json\/wp\/v2\/categories?post=10289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/ja\/wp-json\/wp\/v2\/tags?post=10289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}