Inguidelinespublishedon16Feb2018,theSwissFinancialMarketSupervisoryAuthorityFINMAsetsouthowitintendstoapplyfinancialmarketlegislationinhandlingenquiriesfromICOorganisers.TheguidelinesalsodefinetheinformationFINMArequirestodealwithsuchenquiriesandtheprinciplesuponwhichitwillbaseitsresponses,creatingclarityformarketparticipants.

我们用不同时间周期下的dHgd格配对月度收益标准差来8LXO量这段时期内风格择时的pFHM值，只有当风格配对的收y2zT率的波动率足够大，代表5I7W风格配对月间的收益波动ba2d大，对风格配对进行择时8Rxh效果也就越好ylCo