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But perhaps the biggest reason is that the markets really think this is the "storm before the calm," he said — that soon all this volatility will go away and trading will be becalmed, perhaps even more so than before.
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Worse, cap-and-trade will be managed by Wall Street.
Cap-and-trade will be next, but since this would reallocate trillions of dollars and affect everyone who uses energy, it could prove even more contentious.
NAM has long argued that cap-and-trade will be costly to businesses and consumers and will result in further job losses, but it's not yet clear what the outcome will be.
Billionaire financier George Soros says cap-and-trade will be easy for speculators to rig.
Chinese-American investment and trade will be the bank's focus, he said.
"I've got no doubt that the Department of Foreign Affairs and Trade will be taking an interest in his travels.
Eventually it is expected that fractions will disappear altogether and trades will be in dollars and cents.
While border security and trade will be high on the agenda, environmentalists are lobbying for an unlikely topic - butterflies.
The world welcomed them with the hope that "this will help spread common rules worldwide and trade will be conducted in a free and fair manner".
The capacity of Pacific Island nations to provide fish that are safe for consumption and trade will be challenged in the face of climate change.
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