The big banks wrap themselves in the mantle of market-making.
The agencies have agreed not to apply a uniform definition of market-making to all varieties of securities.
Regulators have not reached final agreement on a definition of market-making, though some said that the talks were advancing.
Some observers say Wall Street used to operate with a more sober and trimmed-down version of market-making.
Nearly two trillion dollars in cash reserves is an extraordinary amount of market-making money.
For the sake of clarity and consistency, it makes sense to relabel this type of revenue "market-making".
He argued that criticism of Goldman's motives rested on a misunderstanding of the market-making business.
Now their reluctance to hold much inventory gets in the way of their market-making.
A key problem was that an essentially market-correcting policy intervention had to be framed in terms of a market-making intervention.
The firm has barreled ahead with its strategy of expanding its market-making presence.
