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Regulators are trying to determine Mr. Miller's motives and how he was able to execute the trade at all.
One recording that featured Dean Atkins — a former employee of ABN Amro, which helped execute the trade — could prove helpful to the S.E.C.
Iranian Turkish businessman Reza Zarrab, a key prosecution witness, told the jury Thursday that Erdogan had personally given an order to execute the trade.
When it places orders using that method, Calpers pays only 2 cents a share to the brokers who execute the trade.
The internalizers will execute the trade only if their market intelligence tells them that the market is about to move in their favor, allowing them to quickly flip the trade.
The algorithm was programmed to execute the trade "without regard to price or time," the report said, which meant that it continued to sell even as prices dropped sharply.
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In what's called nondiscretionary trading, computers both find the inefficiencies and execute the trades.
Not only was Pemex not using Goldman to execute the trades, but Goldman hadn't even been aware that the trades were happening.
In some cases, like the one filed July 24 against a Canadian couple, Shane Suman and Monie Rahman, regulators have accused the couple of working together to execute the trades.
When she started her own securities firm in 1967, she and her co-workers took orders by telephone and then called a clearinghouse to execute the trades.
Clearing brokers execute the trades of their client firms, and if one of those firms cannot deliver the cash or securities required to satisfy its obligations, the clearing broker must settle the trade with the opposite party.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com