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This made it hard to meet its trading targets, it said.
"There would be a clear benefit both for it and its trading partners," he said.
But it did say it has changed its trading policies.
It also tightened its trading limits during the regular market session.
Merrill's controls were left in the dust as it ramped up its trading bets.
It hopes to use its trading profits to finance expansion in these areas.
It will soon unveil its trading platform, according to a spokesman.
It is also building its trading activities.
The growth, it seems, came from its trading revenues.
It has just beefed up its trading division in Britain.
As a fringe benefit, it may be able to sell China its trading technology.
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