After more than a year and a ton of tinkering, executives at the Nasdaq stock market are confident that their plan for a new, comprehensive stock trading system will soon be approved by the Securities and Exchange Commission.
But even if that happens, its gaps and weaknesses may leave it playing second fiddle to the WTO's overarching and comprehensive rules-based trading system.
Palo Alto-based E*Trade, a publicly traded on-line brokerage firm, introduced a comprehensive bond-trading system for individual investors on Dec. 8, 1998.
There are going to be politics on both sides but if we can look beyond the narrow concerns to stay focused on the big picture, the economic and strategic importance of this partnership, I'm hopeful we can achieve the high-standard comprehensive agreement that the global trading system is looking to us for".
In addition, these comprehensive experiments cover most of the current trading system topics, including the use of a sliding window method (with or without validation dataset), the number of trading rules, and the size of training period.
Thursday's vote was in sharp contrast to action two years ago, when a Democratic-controlled House passed a comprehensive climate change and energy bill that would have created a nationwide trading system to rein in carbon dioxide emissions.
And California is readying America's first comprehensive cap-and-trade system to reduce greenhouse gas emissions, combined with direct subsidies like its successful Solar Initiative.
Ms. Browner has been a forceful advocate for strict carbon limits for years and has said that a comprehensive cap-and-trade system is the best way to achieve swift and certain reductions in emissions.
Fred Krupp, executive director of Environmental Defense, said, "To have two senators like John McCain and Joe Lieberman joining across the aisle to say that voluntary methods haven't been enough and that they're going to work to develop a comprehensive cap-and-trade system is very significant".
The proposal, released online today by the California Air Resources Board, which oversees the state's pollution, includes a comprehensive cap and trade system for industrial emissions, new vehicle efficiency measures, and tighter energy efficiency standards for appliances and buildings.
