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But quotas are set between trading partners, not on a global level.
Now, suddenly, there is a difference between trading stocks and bonds and trading human beings.
It allowed customers to choose between trading on the floor or on ICE's electronic system.
The market is illiquid and opaque, which hardly helps foster confidence between trading counterparties.
The bank's loss, which could reach as much as $5 billion, has highlighted the murky line between trading and hedging.
Some bankers have claimed that Mr. Volcker did not t understand the distinction between trading and market-making.
These can help to cement the relationship between trading partners; but from the perspective of development campaigners, they have two big flaws.
The difference between trading and selling, according to Coyle, is that Elmander and/or Gary Cahill will move in January only if the offer is right.
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Yet the separation between trade and taxation, like the separation between trade and environmental sustainability, has become an article of faith.
But economists and trade experts disagree over the link between trade and unemployment.
"Our members see the link between trade union recognition, bargaining rights and decent pay.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com