{"id":9566,"date":"2026-04-09T17:20:04","date_gmt":"2026-04-09T09:20:04","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=9566"},"modified":"2026-04-09T17:20:10","modified_gmt":"2026-04-09T09:20:10","slug":"%e5%91%8a%e5%88%ab%e6%83%85%e7%bb%aa%e5%8c%96%e4%ba%a4%e6%98%93%ef%bc%9a%e6%9e%84%e5%bb%ba%e4%bd%a0%e7%9a%84%e7%ac%ac%e4%b8%80%e5%a5%97cfd%e7%ae%97%e6%b3%95%e6%89%a7%e8%a1%8c%e7%b3%bb%e7%bb%9f","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/ko\/\uc544\uce74\uc774\ube0c\/9566","title":{"rendered":"\uac10\uc815\uc801 \uac70\ub798\uc5d0 \uc791\ubcc4 \uc778\uc0ac: \uccab \ubc88\uc9f8 CFD \uc54c\uace0\ub9ac\uc998 \uc2e4\ud589 \uc2dc\uc2a4\ud15c \uad6c\ucd95"},"content":{"rendered":"<p>WMAX \ud589\ub3d9 \uae08\uc735 \uc5f0\uad6c\uc18c(WMAX Behavioral Finance Laboratory)\uac00 \uc2e4\uc2dc\ud55c \uc815\ub7c9\uc801 \uc5f0\uad6c\uc5d0 \ub530\ub974\uba74, \uc778\uac04 \uac70\ub798\uc790\uac00 \uae09\uaca9\ud55c \ubcc0\ub3d9\uc5d0 \uc9c1\uba74\ud560 \ub54c \uadf8\ub4e4\uc758 \uc758\uc0ac \uacb0\uc815 \uc2dc\uc2a4\ud15c(\uc804\ub450\uc5fd \ud53c\uc9c8)\uc774 \uac10\uc815 \uc13c\ud130(\ud3b8\ub3c4\uccb4)\uc5d0 \uc758\ud574 \uc885\uc885 \ub0a9\uce58\ub418\uc5b4 \ube44\ud569\ub9ac\uc801\uc778 \uc774\uc775\uacfc \uc190\uc2e4\uc744 \ucd94\uad6c\ud558\uac8c \ub429\ub2c8\ub2e4. \uc54c\uace0\ub9ac\uc998 \ud2b8\ub808\uc774\ub529(\uc54c\uace0 \ud2b8\ub808\uc774\ub529)\uc758 \ucd9c\ud604\uc740 \ubcf8\uc9c8\uc801\uc73c\ub85c \uc778\uac04 \ubcf8\uc131\uc5d0 \ub300\ud55c '\ucc28\uc6d0 \ucd95\uc18c \ud0c0\uaca9'\uc785\ub2c8\ub2e4. \ud2b8\ub79c\uc7ad\uc158 \ub85c\uc9c1\uc744 \ucf5c\ub4dc \ucf54\ub4dc\ub85c \ubcc0\ud658\ud568\uc73c\ub85c\uc368 \uc54c\uace0\ub9ac\uc998\uc740 \ubbf8\ub9ac \uc124\uc815\ub41c \uba85\ub839\uc744 \ub9c8\uc774\ud06c\ub85c\ucd08 \uc18d\ub3c4\ub85c \uc2e4\ud589\ud560 \uc218 \uc788\uc5b4 \ud2b8\ub79c\uc7ad\uc158 \uc2e4\ud589\uc5d0 \ub300\ud55c \ub450\ub824\uc6c0, \ud0d0\uc695, \ub9dd\uc124\uc784\uc758 \uac04\uc12d\uc744 \uc644\uc804\ud788 \uc81c\uac70\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. WMAX\uc758 \ub370\uc774\ud130 \ubaa8\ub378\uc740 \ub3d9\uc77c\ud55c \uc804\ub7b5 \ub17c\ub9ac \ud558\uc5d0\uc11c \uc54c\uace0\ub9ac\uc998 \uc2e4\ud589\uc758 \uc5f0\uac04 \ubcc0\ub3d9\uc131\uc774 \uc218\ub3d9 \uc2e4\ud589\ubcf4\ub2e4 18% \ub0ae\ub2e4\ub294 \uac83\uc744 \ubcf4\uc5ec\uc90d\ub2c8\ub2e4. \uc774\ub294 \ubc18\ubcf5 \uc791\uc5c5\uc744 \ucc98\ub9ac\ud558\ub294 \ub370 \uc788\uc5b4\uc11c \uae30\uacc4\uc758 \uc808\ub300\uc801 \uc6b0\uc704\ub97c \uc785\uc99d\ud569\ub2c8\ub2e4.<\/p>\n<p>\uc54c\uace0\ub9ac\uc998 \uc2dc\uc2a4\ud15c \uad6c\ucd95\uc758 \uccab \ubc88\uc9f8 \ub2e8\uacc4\ub294 '\uc2e4\ud589 \uc54c\uace0\ub9ac\uc998'\uacfc '\uc804\ub7b5 \uc54c\uace0\ub9ac\uc998'\uc758 \ucc28\uc774\uc810\uc744 \uc774\ud574\ud558\ub294 \uac83\uc785\ub2c8\ub2e4. \ub9ce\uc740 \ucd08\ubcf4\uc790\ub4e4\uc740 \uc54c\uace0\ub9ac\uc998 \uac70\ub798\uac00 \"\uc131\ubc30\" \uc608\uce21 \ubaa8\ub378\uc744 \ucc3e\ub294 \uac83\uc774\ub77c\uace0 \uc798\ubabb \ubbff\uace0 \uc788\uc9c0\ub9cc \uc0ac\uc2e4\uc740 \uadf8\ub807\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4. WMAX\ub294 TWAP(\uc2dc\uac04 \uac00\uc911 \ud3c9\uade0 \uac00\uaca9) \ubc0f VWAP(\ubcfc\ub968 \uac00\uc911 \ud3c9\uade0 \uac00\uaca9)\uacfc \uac19\uc740 \uac00\uc7a5 \uae30\ubcf8\uc801\uc778 \"\uc2e4\ud589 \uc54c\uace0\ub9ac\uc998\"\ubd80\ud130 \uc2dc\uc791\ud560 \uac83\uc744 \uad8c\uc7a5\ud569\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uc54c\uace0\ub9ac\uc998\uc758 \ud575\uc2ec \ubaa9\uc801\uc740 \uc2dc\uc7a5 \ubc29\ud5a5\uc744 \uc608\uce21\ud558\ub294 \uac83\uc774 \uc544\ub2c8\ub77c \ud2b9\uc815 \uae30\uac04 \ub0b4\uc5d0 \ucd5c\uc801\uc758 \ud3c9\uade0 \uac00\uaca9\uc73c\ub85c \ud3ec\uc9c0\uc158 \uac1c\uc2dc \ub610\ub294 \uccad\uc0b0\uc744 \uc644\ub8cc\ud558\uc5ec \uc2dc\uc7a5 \uac00\uaca9\uc5d0 \ubbf8\uce58\ub294 \uc601\ud5a5\uc744 \ucd5c\uc18c\ud654\ud558\ub294 \uac83\uc785\ub2c8\ub2e4. CFD\uc640 \uac19\uc774 \ud65c\uc6a9\ub3c4\uac00 \ub192\uc740 \uc81c\ud488\uc758 \uacbd\uc6b0 \uc815\ud655\ud55c \uc608\uce21\ubcf4\ub2e4 \uc815\ud655\ud55c \uc2e4\ud589\uc774 \ub354 \uc911\uc694\ud55c \uacbd\uc6b0\uac00 \ub9ce\uc2b5\ub2c8\ub2e4.<\/p>\n<p>TWAP \ubc0f VWAP: \ub300\ub7c9 \uc8fc\ubb38 \ubd84\ud560 \uae30\uc220<\/p>\n<p>\uac70\ub798\uc790\uac00 \ub300\uaddc\ubaa8 CFD \ud3ec\uc9c0\uc158\uc744 \uad6c\ucd95\ud574\uc57c \ud560 \ub54c \uc2dc\uc7a5 \uc8fc\ubb38\uc744 \ud1b5\ud574 \uc2dc\uc7a5\uc5d0\uc11c \uc9c1\uc811 \uad6c\ub9e4\ud558\ub294 \uacbd\uc6b0 \ub300\ub7c9 \uad6c\ub9e4 \uc8fc\ubb38\uc73c\ub85c \uc778\ud574 \uac00\uaca9\uc774 \ube60\ub974\uac8c \uc0c1\uc2b9\ud558\uc5ec \"\uc2ac\ub9ac\ud53c\uc9c0\" \ube44\uc6a9\uc774 \uae09\uc99d\ud558\uac8c \ub429\ub2c8\ub2e4. WMAX\uc758 \uc54c\uace0\ub9ac\uc998 \uc5d4\uc9c4\uc740 TWAP(Time Weighted Average Price) \uc54c\uace0\ub9ac\uc998\uc744 \uc0ac\uc6a9\ud558\uc5ec \ub300\ub7c9 \uc8fc\ubb38\uc744 \uc2dc\uac04 \ucd95\uc5d0 \ub530\ub77c \ubb34\uc218\ud788 \uc791\uc740 \uc870\uac01\ub09c \uc8fc\ubb38\uc73c\ub85c \uade0\ub4f1\ud558\uac8c \ub098\ub215\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4, 1\uc2dc\uac04 \ub0b4\uc5d0 100\ub78f\uc758 \uae08 CFD\ub97c \uad6c\ub9e4\ud558\ub824\ub294 \uacbd\uc6b0 TWAP\ub294 \uc774\ub97c \ubd84\ub2f9 0.16\ub78f\uc758 \uc791\uc740 \uc8fc\ubb38\uc73c\ub85c \ubd84\ud560\ud569\ub2c8\ub2e4. \uc774 \"\uac1c\ubbf8 \uc774\ub3d9\" \uc2e4\ud589 \ubc29\ubc95\uc740 \uc2dc\uc7a5 \uc18c\uc74c \uc18d\uc5d0\uc11c \uad6c\ub9e4 \uc8fc\ubb38\uc744 \uc644\ubcbd\ud558\uac8c \uc228\uae38 \uc218 \uc788\uc73c\uba70 \ub300\ub7c9 \uc8fc\ubb38 \ub178\ucd9c\ub85c \uc778\ud574 \uc720\ub3d9\uc131 \uacf5\uae09\uc790\uac00 \"\uc800\uaca9\"\ud558\ub294 \uac83\uc744 \ubc29\uc9c0\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p>VWAP(Volume Weighted Average Price)\ub294 \ub354\uc6b1 \uc9c0\ub2a5\uc801\uc774\uba70 \uc2dc\uc7a5\uc758 \uac70\ub798\ub7c9 \ubd84\ud3ec \ud2b9\uc131\uc744 \uacb0\ud569\ud569\ub2c8\ub2e4. WMAX\uc758 \uc720\ub3d9\uc131 \ubd84\uc11d\uc5d0 \ub530\ub974\uba74 \ub7f0\ub358-\ub274\uc695\uc774 \uacb9\uce58\ub294 \ub4f1 \ud2b9\uc815 \uae30\uac04 \ub3d9\uc548 FX \ubc0f \uc9c0\uc218 CFD \uac70\ub798\ub7c9\uc774 \uae09\uc99d\ud558\ub294 \uac83\uc73c\ub85c \ub098\ud0c0\ub0ac\uc2b5\ub2c8\ub2e4. VWAP \uc54c\uace0\ub9ac\uc998\uc740 \uc2dc\uc7a5\uc758 \uc2e4\uc81c \ud3c9\uade0 \uac70\ub798 \uac00\uaca9\uc5d0 \uac00\uae4c\uc6b4 \uac00\uaca9\uc744 \uc5bb\uae30 \uc704\ud574 \uc720\ub3d9\uc131\uc774 \ub192\uc740 \uae30\uac04 \ub3d9\uc548 \uc8fc\ubb38\uc744 \uc6b0\uc120\uc801\uc73c\ub85c \ubc1c\ud589\ud569\ub2c8\ub2e4. \uae30\uad00 \uac70\ub798\uc790\uc758 \uacbd\uc6b0 VWAP \ubca4\uce58\ub9c8\ud06c\ub97c \ub2a5\uac00\ud558\ub294 \uac83\uc740 \uc2e4\ud589 \ud488\uc9c8\uc744 \ud3c9\uac00\ud558\ub294 \ud575\uc2ec \uc9c0\ud45c\uc785\ub2c8\ub2e4. \uc774 \ub450 \uac00\uc9c0 \uae30\ubcf8 \uc54c\uace0\ub9ac\uc998\uc744 \uc775\ud788\ub294 \uac83\uc774 \uc804\ubb38\uc801\uc774\uace0 \uc800\ub834\ud55c \uac70\ub798\ub97c \ud5a5\ud55c \uccab \ubc88\uc9f8 \ub2e8\uacc4\uc785\ub2c8\ub2e4.<\/p>\n<p>\uadf8\ub9ac\ub4dc\uc640 \ud601\uc2e0: \uace0\uc804 \uc804\ub7b5\uc758 \uc131\ubb38\ud654\ub41c \uc7ac\uad6c\uc131<\/p>\n<p>\uc2e4\ud589 \uc218\uc900 \uc54c\uace0\ub9ac\uc998\uc744 \ub9c8\uc2a4\ud130\ud55c \ud6c4 \uac70\ub798\uc790\ub294 \uace0\uc804\uc801\uc778 \uc218\ub3d9 \uc804\ub7b5\uc744 \"\ucf54\ub4dc \uc7ac\uad6c\uc131\"\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \"\uadf8\ub9ac\ub4dc \ud2b8\ub808\uc774\ub529\"\uc744 \uc608\ub85c \ub4e4\uc5b4\ubcf4\uaca0\uc2b5\ub2c8\ub2e4. \uc774\ub294 \ubcc0\ub3d9\uc131\uc774 \ud070 \uc2dc\uc7a5\uc5d0\uc11c \ub9e4\uc6b0 \uc218\uc775\uc131\uc774 \ub192\uc740 \uc804\ub7b5\uc785\ub2c8\ub2e4. \uac00\uaca9 \ubc94\uc704\ub97c \ubbf8\ub9ac \uc124\uc815\ud558\uace0, \uae30\ubcf8 \uac00\uaca9\ubcf4\ub2e4 \uc77c\uc815 \ud3ec\uc778\ud2b8 \uc544\ub798\uc5d0\uc11c \ub9e4\ub3c4 \uc8fc\ubb38\uc744 \ud558\uace0, \uadf8 \uc704\uc758 \uc77c\uc815 \ud3ec\uc778\ud2b8\ub9c8\ub2e4 \ub9e4\ub3c4 \uc8fc\ubb38\uc744 \ud569\ub2c8\ub2e4. \uc218\ub3d9\uc73c\ub85c \uc2dc\uc7a5\uc744 \ud45c\uc2dc\ud558\uace0 \uc8fc\ubb38\uc744 \ud558\ub294 \uac83\uc740 \uc2dc\uac04\uc774 \ub9ce\uc774 \uac78\ub9ac\uace0 \ub178\ub3d9 \uc9d1\uc57d\uc801\uc77c \ubfd0\ub9cc \uc544\ub2c8\ub77c \ub290\ub9b0 \uc751\ub2f5\uc73c\ub85c \uc778\ud574 \ud3ec\uc778\ud2b8\ub97c \ub193\uce58\uae30 \uc27d\uc2b5\ub2c8\ub2e4. WMAX\uc758 \uc54c\uace0\ub9ac\uc998 \ud50c\ub7ab\ud3fc\uc744 \uc0ac\uc6a9\ud558\uba74 \uac70\ub798\uc790\ub294 \uac04\ub2e8\ud55c \uc2a4\ud06c\ub9bd\ud2b8 \uc5b8\uc5b4\ub97c \uc0ac\uc6a9\ud558\uc5ec \uc704\uc758 \ub17c\ub9ac\ub97c \ud55c \ubc88\uc758 \ud074\ub9ad\uc73c\ub85c \uc790\ub3d9 \uc2e4\ud589 \ud504\ub85c\uadf8\ub7a8\uc73c\ub85c \ubcc0\ud658\ud560 \uc218 \uc788\uc73c\ubbc0\ub85c \uae30\uacc4\ub294 \ud558\ub8e8 24\uc2dc\uac04 \ubcc0\ub3d9\uc5d0 \ub530\ub77c \"\ucc38\uae68\ub97c \ud53d\uc5c5\"\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p>\ub610 \ub2e4\ub978 \uc77c\ubc18\uc801\uc778 \uc804\ub7b5\uc740 \uac00\uaca9\uc774 \uc8fc\uc694 \uc800\ud56d\uc120\uc744 \ub3cc\ud30c\ud55c \ud6c4 \ud3ec\uc9c0\uc158\uc5d0 \uc9c4\uc785\ud558\ub294 \"\ub3cc\ud30c \uac70\ub798\"\uc785\ub2c8\ub2e4. \uc778\uac04\uc758 \uc2dc\uac01\uc801 \uc778\uc2dd\uc740 \uc9c1\uad00\uc801\uc774\uc9c0\ub9cc \ubc00\ub9ac\ucd08 \ub2e8\uc704\ub85c \uc2dc\uc7a5 \ubcc0\ud654\uc5d0 \ub300\ucc98\ud558\uc9c0 \ubabb\ud558\ub294 \uacbd\uc6b0\uac00 \ub9ce\uc2b5\ub2c8\ub2e4. WMAX\uc758 \uc54c\uace0\ub9ac\uc998 \ub77c\uc774\ube0c\ub7ec\ub9ac\ub294 ATR(Average True Range)\uc744 \uae30\ubc18\uc73c\ub85c \ud55c \ub3d9\uc801 \ube0c\ub808\uc774\ud06c\uc544\uc6c3 \uac10\uc9c0 \ubaa8\ub378\uc744 \uc81c\uacf5\ud569\ub2c8\ub2e4. \ucf54\ub4dc \uc124\uc815\uc744 \ud1b5\ud574 \uc2dc\uc2a4\ud15c\uc740 K-\ub77c\uc778 \uae30\uc5c5\uc774 \ubcfc\ub9b0\uc800 \ubc34\ub4dc \uc0c1\ub2e8\uc744 \ud6a8\uacfc\uc801\uc73c\ub85c \ub3cc\ud30c\ud560 \ub54c \uc989\uc2dc \uc2dc\uc7a5 \uc8fc\ubb38\uc744 \uc2e4\ud589\ud560 \uc218 \uc788\uc73c\ubbc0\ub85c \uc218\ub3d9 \ud655\uc778\uc5d0 \ub530\ub978 \uc9c0\uc5f0\uc774 \uc0ac\ub77c\uc9d1\ub2c8\ub2e4. \uc804\ub7b5\uc744 \ucf54\ub529\ud558\uba74 \uc190\uc774 \uc790\uc720\ub85c\uc6cc\uc9c8 \ubfd0\ub9cc \uc544\ub2c8\ub77c \ud37c\uc9c0 \uacbd\ud5d8\uc744 \ubc31\ud14c\uc2a4\ud2b8\ud558\uace0 \ucd5c\uc801\ud654\ud560 \uc218 \uc788\ub294 \uc218\ud559\uc801 \ubaa8\ub378\ub85c \ubcc0\ud658\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p>\ubc31\ud14c\uc2a4\ud305 \ud568\uc815\uacfc \ubbf8\ub798 \uc9c0\ud5a5\uc801 \ud3b8\uacac \ubc29\uc9c0<\/p>\n<p>\"Garbage In, Garbage Out\"\uc740 \uc54c\uace0\ub9ac\uc998 \uac70\ub798 \ubd84\uc57c\uc5d0\uc11c \ud604\uba85\ud55c \ub9d0\uc785\ub2c8\ub2e4. \ub9ce\uc740 \uac70\ub798\uc790\ub4e4\uc740 \uc804\ub7b5\uc744 \ucf54\ub529\ud55c \ud6c4 \uc2e4\uc81c \uac70\ub798\uc5d0 \ub3cc\uc785\ud558\ub294 \uacbd\uc6b0\uac00 \ub9ce\uc9c0\ub9cc \"\ubc31\ud14c\uc2a4\ud305\" \ub2e8\uacc4\uc758 \uc5c4\uaca9\ud568\uc744 \ubb34\uc2dc\ud569\ub2c8\ub2e4. WMAX\uc758 \uc815\ub7c9\uc801 \uac10\uc0ac\uc5d0\uc11c\ub294 \uc2e4\ud328\ud55c \uc54c\uace0\ub9ac\uc998 \uc804\ub7b5\uc758 60% \uc774\uc0c1\uc774 \ubc31\ud14c\uc2a4\ud305 \uc911 \"\uc608\uce21 \ud3b8\ud5a5\", \uc989 \uacfc\uac70 \ub370\uc774\ud130\uc5d0\uc11c \uc544\uc9c1 \ubc1c\uc0dd\ud558\uc9c0 \uc54a\uc740 \ubbf8\ub798 \uc815\ubcf4\uc758 \uc0ac\uc6a9(\uc608: \uc2dc\uac00 \uac70\ub798\ub97c \uc548\ub0b4\ud558\uae30 \uc704\ud574 \uc885\uac00\uc5d0\uc11c \uacc4\uc0b0\ub41c \uc9c0\ud45c\ub97c \uc0ac\uc6a9\ud558\ub294 \ub4f1)\uc5d0 \ubfcc\ub9ac\ub97c \ub450\uace0 \uc788\ub294 \uac83\uc73c\ub85c \ub098\ud0c0\ub0ac\uc2b5\ub2c8\ub2e4. \uc774 \uc798\ubabb\ub41c \uc644\ubcbd\ud55c \uace1\uc120\uc740 \uc54c\uace0\ub9ac\uc998 \uac70\ub798\uc758 \uac00\uc7a5 \ud070 \uc778\uc9c0 \ud568\uc815\uc785\ub2c8\ub2e4.<\/p>\n<p>\uc774\ub7ec\ud55c \uce58\uba85\uc801\uc778 \uc2e4\uc218\ub97c \ubc29\uc9c0\ud558\uae30 \uc704\ud574 WMAX\ub294 \"\uc774\ubca4\ud2b8 \uae30\ubc18 \ubc31\ud14c\uc2a4\ud305 \ud504\ub808\uc784\uc6cc\ud06c\"\ub97c \uc0ac\uc6a9\ud560 \uac83\uc744 \uad8c\uc7a5\ud569\ub2c8\ub2e4. \uc774 \ud504\ub808\uc784\uc6cc\ud06c\uc5d0\uc11c \uc54c\uace0\ub9ac\uc998\uc740 \uc2e4\uc81c \uc2dc\uc7a5 \ubbf8\uc138 \uad6c\uc870\ub97c \uc2dc\ubbac\ub808\uc774\uc158\ud558\uae30 \uc704\ud574 \ucd5c\uc2e0 Tick \ub370\uc774\ud130(\ucd5c\uc2e0 \uac00\uaca9, \uccab \ubc88\uc9f8 \uc785\ucc30 \uac00\uaca9, \uccab \ud310\ub9e4 \uac00\uaca9)\ub97c \ubc1b\uc740 \ud6c4\uc5d0\ub9cc \uacc4\uc0b0\ud558\uace0 \uc8fc\ubb38\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub610\ud55c \ubc31\ud14c\uc2a4\ud2b8\uc5d0\ub294 \"\uc2ac\ub9ac\ud53c\uc9c0 \ubaa8\ub378\"\uacfc \"\uc218\uc218\ub8cc \ubaa8\ub378\"\uc774 \ud3ec\ud568\ub418\uc5b4\uc57c \ud569\ub2c8\ub2e4. \uadf8\ub807\uc9c0 \uc54a\uc73c\uba74 \ud68d\ub4dd\ud55c \uc218\uc775\ub960\uc774 \uc2ec\uac01\ud558\uac8c \uc65c\uace1\ub429\ub2c8\ub2e4. \ubbf8\ub798\uc758 \ubaa8\ub4e0 \uae30\ub2a5\uc744 \uc81c\uac70\ud558\ub294 \uc5c4\uaca9\ud55c \uc2a4\ud2b8\ub808\uc2a4 \ud14c\uc2a4\ud2b8\ub97c \ud1b5\uacfc\ud574\uc57c\ub9cc \ucf54\ub529\ub41c \uc804\ub7b5\uc774 \uc2e4\uc81c \uc2dc\uc7a5 \uac80\uc99d \ub2e8\uacc4\uc5d0 \ub4e4\uc5b4\uac08 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" width=\"1266\" height=\"844\" class=\"wp-image-9568\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/04\/unnamed-file-18.jpeg\" alt=\"\u672a\u6765\u7684\u5168\u7403\u7f51\u7edc\u6982\u5ff5\u9002\u5408\u4e16\u754c\u91d1\u878d\u6280\u672f\u7ecf\u6d4e\u8d8b\u52bf\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/04\/unnamed-file-18.jpeg 1266w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/04\/unnamed-file-18-300x200.jpeg 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/04\/unnamed-file-18-1024x683.jpeg 1024w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/04\/unnamed-file-18-768x512.jpeg 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/04\/unnamed-file-18-18x12.jpeg 18w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/04\/unnamed-file-18-900x600.jpeg 900w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2026\/04\/unnamed-file-18-600x400.jpeg 600w\" sizes=\"(max-width: 1266px) 100vw, 1266px\" \/><\/p>\n<p>\uc218\ub3d9\uc5d0\uc11c \uc790\ub3d9\uc73c\ub85c: WMAX API \uc0dd\ud0dc\uacc4\uc758 \uc6d0\ud65c\ud55c \uc5f0\uacb0<\/p>\n<p>\uadf8\ub798\ud53d \uc778\ud130\ud398\uc774\uc2a4\uc5d0 \uc775\uc219\ud55c \ud2b8\ub808\uc774\ub354\uc758 \uacbd\uc6b0 \ubcf5\uc7a1\ud55c C++ \ub610\ub294 Python \ucf54\ub4dc\ub97c \uc9c1\uc811 \uc791\uc131\ud558\uae30 \uc704\ud55c \uc784\uacc4\uac12\uc774 \ub108\ubb34 \ub192\uc744 \uc218 \uc788\uc2b5\ub2c8\ub2e4. WMAX\ub294 \uc774\ub7ec\ud55c \ubaa9\uc801\uc744 \uc704\ud574 \uc644\uc804\ud55c \"\ub85c\uc6b0 \ucf54\ub4dc\" \uc54c\uace0\ub9ac\uc998 \uc0dd\ud0dc\uacc4\ub97c \uad6c\ucd95\ud588\uc2b5\ub2c8\ub2e4. WMAX\uac00 \uc81c\uacf5\ud558\ub294 \uc2dc\uac01\uc801 \uc54c\uace0\ub9ac\uc998 \ud3b8\uc9d1\uae30\ub97c \ud1b5\ud574 \uac70\ub798\uc790\ub294 \uae4a\uc740 \ud504\ub85c\uadf8\ub798\ubc0d \uae30\uc220\uc774 \ud544\uc694\ud558\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4. '\uc870\uac74\ubd80 \ud310\ub2e8', '\ub8e8\ud504 \uc2e4\ud589', '\uc8fc\ubb38 \ubcf4\ub0b4\uae30' \ub4f1\uc758 \ubaa8\ub4c8\uc744 \ube4c\ub529 \ube14\ub85d\ucc98\ub7fc \ub4dc\ub798\uadf8 \uc564 \ub4dc\ub86d\ud558\uc5ec \ubcf5\uc7a1\ud55c \uadf8\ub9ac\ub4dc\ub098 \ud68d\uae30\uc801\uc778 \uc804\ub7b5\uc744 \uad6c\ucd95\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \"\ubcf4\uc774\ub294 \ub300\ub85c \uc5bb\ub294\ub2e4\"\ub77c\ub294 \uc811\uadfc \ubc29\uc2dd\uc740 \uc54c\uace0\ub9ac\uc998 \uac70\ub798\uc758 \uc9c4\uc785 \uc784\uacc4\uac12\uc744 \ud06c\uac8c \ub0ae\ucdc4\uc2b5\ub2c8\ub2e4.<\/p>\n<p>\ub354\uc6b1 \uc2ec\uce35\uc801\uc778 \ud1b5\ud569\uc740 WMAX\uc758 FIX API \ubc0f WebSocket \uc778\ud130\ud398\uc774\uc2a4\uc5d0 \ubc18\uc601\ub429\ub2c8\ub2e4. \uac1c\ubc1c \ub2a5\ub825\uc744 \uac16\ucd98 \uc815\ub7c9\uc801 \ud300\uc744 \uc704\ud574 WMAX\ub294 \ub9e4\uc6b0 \ube60\ub978 \uc2dc\uc7a5 \ud750\ub984\uacfc \uc8fc\ubb38 \uc778\ud130\ud398\uc774\uc2a4\ub97c \uac1c\ubc29\ud558\uc5ec \uc790\uccb4 \uac1c\ubc1c\ud55c \ub525 \ub7ec\ub2dd \ub610\ub294 \uac15\ud654 \ud559\uc2b5 \ubaa8\ub378\uc744 WMAX\uc758 \uc11c\ubc84 \ud074\ub7ec\uc2a4\ud130\uc5d0 \uc9c1\uc811 \ubc30\ud3ec\ud560 \uc218 \uc788\ub3c4\ub85d \ud588\uc2b5\ub2c8\ub2e4. \uc778\uac04\uc740 \ucd5c\uc0c1\uc704 \uc218\uc900\uc758 \ub17c\ub9ac\uc640 \ud601\uc2e0\uc744 \ub2f4\ub2f9\ud558\uace0, \uae30\uacc4\ub294 \ucd5c\ud558\uc704 \uc218\uc900\uc758 \uc2e4\ud589 \ubc0f \uc704\ud5d8 \uc81c\uc5b4\ub97c \ub2f4\ub2f9\ud558\ub294 \uc774 \"\uc778\uac04-\uae30\uacc4 \ud611\uc5c5\" \ubaa8\ub378\uc740 \ud604\ub300 CFD \uac70\ub798\uc758 \uad81\uadf9\uc801\uc778 \ud615\ud0dc\ub97c \ub098\ud0c0\ub0c5\ub2c8\ub2e4. \uc54c\uace0\ub9ac\uc998 \uc55e\uc5d0\uc11c \uac10\uc815\uac70\ub798\uc758 \uc0dd\ud65c\uacf5\uac04\uc740 \ubb34\ud55c\ud788 \uc555\ubc15\ubc1b\uac8c \ub420 \uac83\uc774\ub2e4.<\/p>\n<p>WMAX\uc758 \uad00\uc810\uc5d0\uc11c \uc54c\uace0\ub9ac\uc998 \ud2b8\ub808\uc774\ub529\uc740 \ub3c4\ub2ec\ud560 \uc218 \uc5c6\ub294 \ube14\ub799 \uae30\uc220\uc774 \uc544\ub2c8\ub77c \ud2b8\ub808\uc774\ub529 \uc9c4\ud654\ub97c \uc704\ud55c \uc720\uc77c\ud55c \ubc29\ubc95\uc785\ub2c8\ub2e4. TWAP\/VWAP\ub97c \ud1b5\ud55c \uc2e4\ud589 \ucd5c\uc801\ud654\ubd80\ud130 \uadf8\ub9ac\ub4dc \uc804\ub7b5 \uccb4\uacc4\ud654, \ubc31\ud14c\uc2a4\ud305 \ud568\uc815 \ubc29\uc9c0\uae4c\uc9c0 \ubaa8\ub4e0 \ub2e8\uacc4\ub294 \uc778\uac04 \ubcf8\uc131\uc5d0 \uc788\ub294 \uc7a1\uc74c\uc744 \uc81c\uac70\ud558\ub294 \uac83\uc785\ub2c8\ub2e4. \uc54c\uace0\ub9ac\uc998\uc744 \uc218\uc6a9\ud568\uc73c\ub85c\uc368\ub9cc \uc810\uc810 \ub354 \uc794\uc778\ud574\uc9c0\ub294 CFD \uc2dc\uc7a5\uc5d0\uc11c \uc790\uccb4 \uae30\uc220 \ud574\uc790\ub97c \uad6c\ucd95\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>","protected":false},"excerpt":{"rendered":"<p>WMAX \uc54c\uace0\ub9ac\uc998 \uac70\ub798 \uc2dc\uc2a4\ud15c\uc5d0 \ub300\ud55c \uc2ec\uce35 \ubd84\uc11d: TWAP \ubc0f VWAP \ub300\ub7c9 \uc8fc\ubb38 \ubd84\ud560 \uc2e4\ud589 \uc54c\uace0\ub9ac\uc998\ubd80\ud130 \ucf54\ub4dc\ud654\ub41c \uadf8\ub9ac\ub4dc \uc7ac\uad6c\uc131 \ubc0f \ud68d\uae30\uc801\uc778 \uc804\ub7b5\uae4c\uc9c0. WMAX Quantitative Lab\uc740 \uac10\uc815\uc801 \uac04\uc12d\uc744 \ud53c\ud558\uae30 \uc704\ud574 \uae30\uacc4 \uc2e4\ud589\uc744 \uc0ac\uc6a9\ud558\ub294 \ubc29\ubc95, \ubc31\ud14c\uc2a4\ud305\uc5d0\uc11c \uc608\uce21 \ud3b8\ud5a5 \ud2b8\ub7a9\uc744 \uc2dd\ubcc4\ud558\uace0 \ub85c\uc6b0 \ucf54\ub4dc API \uc0dd\ud0dc\uacc4\ub97c \ud1b5\ud574 \uc218\ub3d9 \uac70\ub798\uc5d0\uc11c \uc9c0\ub2a5\ud615 \uc54c\uace0\ub9ac\uc998\uc73c\ub85c \ucc28\uc6d0 \ucd95\uc18c\ub97c \uad6c\ud604\ud558\ub294 \ubc29\ubc95\uc744 \ubcf4\uc5ec\uc90d\ub2c8\ub2e4.<\/p>","protected":false},"author":1,"featured_media":9567,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[120],"tags":[849,131,850],"class_list":["post-9566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured-solutions","tag-twap","tag-131","tag-850"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts\/9566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/comments?post=9566"}],"version-history":[{"count":1,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts\/9566\/revisions"}],"predecessor-version":[{"id":9569,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/posts\/9566\/revisions\/9569"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/media\/9567"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/media?parent=9566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/categories?post=9566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/ko\/wp-json\/wp\/v2\/tags?post=9566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}