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The level we're talking about now is really for more complex trades.
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"Now it is a more complex trading system.
Formal barter clubs, like I.M.S., which are geared toward small businesses, offer a more complex trading system than one-to-one exchanges.
The brokers said they guarded against customer losses by allowing only wealthier and more experienced customers to proceed to more complex trading strategies.
If Beijing cannot enforce rules that are clearly understood by everyone, there may be little hope that the government can quickly carry out some of the more complex trade regulations demanded by the W.T.O.
For now, Mr. Zawadzki is using the exchanges to buy and sell ads instantaneously as opportunities arise — a spot market, in Wall Street lingo — but he is working on more complex trading strategies.
This requires a more complex trade-off and different calculation to arrive at the utility, but in essence, it was formatted in the same way as before.
Sorting out the impact of trade is more complex, since trade has both a direct impact (as derived from the HOS theory), and an additional effect through its impact on industry competition (and how this affects discrimination as implied by Becker).
Strategies that optimize trade-offs, by nature more complex than trade-offs in single-commodity production systems, have been neglected.
Few parties have more of an interest than they in seeing Asian markets become more liquid and more complex, since trading is how they make their livelihood.
He added that the current banking environment, which has imposed additional costs on bigger firms with more complex businesses like trading, favors the independent model of Lazard and rivals like Evercore Partners.
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