Tougher capital rules could also make the trading that is allowed more costly for the banks.
With prearranged plans in place, trades by insiders are less likely to affect the share price -- but only if the insiders choose to make the trading plans public.
It says the county's four sewage plants are too far behind the curve and there are too few players to make the trading game work.
He said the proposal was intended to make the trading of derivatives more transparent and give regulators the ability to limit the amount of derivatives that any company can sell, or that any institution can hold.
Trading was limited to just 90 minutes, and the low ceilings in the building that is the exchange's temporary headquarters make the trading pits as noisy as the elevated subway that rumbles overhead in Long Island City, Queens.
Those problems, and not a fundamental rethinking of the soundness of industry methods and accounting, have done the most to make the trading companies less freewheeling in their reporting of profits, argues John C. Cassidy, a senior power analyst with Moody's Investors Service.
