The influence of the application of securities online trading on the traditional stockswap is long and is a big challenge to the securities managers' business.
网上证券交易的应用对传统证券交易的影响是深远的，对券商的经营是个极大挑战。
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So if there is a default, the issuer of the credit default swap pays you, and so you gain just as the short seller gains when the price of the stock or bond that he's shorted falls.
Since Lehman collapsed, appetite for risk, seen in stock rallies, has been linked with dollar weakness as investors swap their safe US holdings for something more exotic.