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Exact(17)
The large trader requires no private information beyond its own trades.
At other times, the large trader profitably takes a net long position.
But given the lack of evidence linking a large trader to wrongdoing, the proposal is unwarranted.The SEC plan poses a threat to the very function of free markets.
"China has a need for a tremendous amount of raw material," said Bill Day, chief financial officer at Joseph Behr & Sons, a large trader in scrap metal here.
A large trader of Manhao will send yearly to Mongtse in exchange between ten and twenty thousand bales of Hong-Kong merchandisea-yarn, cotton and linen goods, flannel, and tobacco.
In July, it approved a "large trader" rule, requiring firms that do a lot of business, including high-speed traders, to offer more information about their activities in case regulators need to trace their trades.
Similar(43)
This increases price deterioration for large traders.
That could have been an indication that some large traders were unwinding positions.
Impetus to such direct dealings has been given by the development of computerized systems to bring together large traders.
Price has momentum due to the actions of large traders: it drifts down if the sellers have greater market power than buyers, and vice versa.
By selectively applying the rules only to large traders while other market participants remain safely cloaked, it violates the key principle that all investors should be afforded anonymity.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com