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The episode has brought renewed scrutiny to the practice of turning state records into a salable electronic commodity.
The commodity futures act, in addition to allowing unregulated trading of financial derivatives, included language advocated by Enron that largely exempted the company from regulation of its energy trading on electronic commodity markets, like its once-popular Enron Online.
Summers also allowed the "Enron Loophole" to be included in bill (over the objections of the CFTC), which exempted energy trading on electronic commodity markets from regulation and helped Enron to gouge billions of dollars from West Coast consumers.
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That probably has to do with items like memory and other electronic commodities that will have simply gone down in price over the last seven or eight months.
Their prototype uses a printed circuit board, a commodity electronic device that consists of a plastic board with copper wiring deposited on top of it.
A continuous double auction (CDA) is an efficient market institution for real-world trading of commodities and electronic marketplaces.
Earlier in the day, Liffe -- as the electronic trading platform for commodities, currency and equities is called -- said it had received several overtures.
InterContinentalExchange, a young, electronic over-the-counter commodities market, is picking up business from EnronOnline, an electronic trading platform.But as Enron tries to hold on to the trading business, and sell other assets, it will be dealing with regulatory investigations, fighting off a raft of lawsuits, and pursuing one of its own.
In an export-oriented economic model, business owners of different ethnic groups carry small Chinese commodities and electronic products to the Southeast Asian market and even further afield.
Equity derivatives have been trading on national electronic exchanges since 2000, while commodity derivatives trading on a similar platform began at the end of 2003.
Manufacturers of commodity chemicals and electronic components including Agilent Technologies, which filed a brief in the case, were particularly worried they might get tagged with patent liability for exporting items that wound up in infringing products overseas.
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