This is a very sharp question. In fact, it is reasonable for investors to ask this question, because they don't understand our trading model. At present, almost all spot transactions in the world are market-making mode (OTC), and what I want to say is that the handling fee of our Tiantong Jintong Bank (also known as the internal market) is much lower than that of London Gold Bank (also known as the external market) internationally, but in general, our handling fee is relatively high! Before explaining this problem, it is necessary for me to explain to you what is called the market maker model. Let me give you an example to illustrate the market maker trading model! You should know about second-hand bookstores. Many universities have second-hand bookstores The business model of these bookstores is very similar to our market maker model. They buy some books eliminated by their classmates at low prices, and then add some profits to sell them to those students who need them. In this transaction, the bookstore owner is a market maker. He needs to provide liquidity to buy books, and he needs to bear the risk that books can't be sold and books fall in price. This risk is compensated by the bid-ask spread, and bookstore owners mainly make money by the bid-ask spread! Earning bid-ask price difference is the foundation of market makers' survival. In fact, our handling fee is calculated at the leverage ratio of 12.5 times, and our funds have been effectively enlarged. The real algorithm is to divide the handling fee by this leverage ratio! The above explains the trading and money-making mode of market makers. Let me talk about the advantages of this model. Investors who have worked in stocks and futures all know that when the market is good, people who have positions make a lot of money, but they can't buy stocks and contracts, or when the market is bleak, they watch their assets depreciate, but no one will help them level these positions! This is a typical stamp and trading model. Why should China introduce the internationally accepted market maker model? There will never be such a situation that you can't trade in the market maker mode! Tiantong Silver (spot silver) adopts five-day 24-hour trading mode. All investors trade with market makers, who are composed of several powerful investment banks in the world. In this way, whenever we want to buy, we will certainly be able to buy and sell, thus completely avoiding the risk of not being able to trade! This is also a summary of the biggest feature of the market maker model: no matter what is expensive, there will be expensive reasons and cheap reasons. What matters is what angle you look at it. The relationship between supply and demand determines the price, expensive and cheap is not blind, natural selection, survival of the fittest! Those who are uncomfortable will be eliminated! Among the Nasdaq market makers, there are many large investment banks in the world, such as Merrich Linch, Goldman Sachs, Salomen Brother, Mogan Stanley and so on. The Nasdaq market, which implements the market maker system, has achieved great success. Now it has become the world's largest intangible trading market, imitated by the global growth enterprise market. At the same time, the market maker system has also been transplanted to the futures market.