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Banks said that customer order flows were particularly strong during the period.
This led to a diversion of order flows that greatly added to the pressure on those markets.
The Pope, in addressing Mr Gierek, promised that the Church looked for "no special privileges in Poland" but he added that "order flows from respect for the rights of the nation and for human rights".
The report said Fidelity, which is based in Boston and manages roughly $2.8 trillion in customer assets, had failed to properly supervise employees who accepted gifts that included sports tickets, and it concluded that certain traders had "misdirected" order flows among brokerage firms.
The markets may be very liquid on an average trading day, but illiquid in a crisis.Indeed, Mr Stiglitz argued that, if institutional investors believe that other market participants are better informed (because they have advance information on order flows, for example), they may be less willing to trade.
"However, buying into order flows is no guarantee that these flows can be successfully retained.
Similar(42)
When Susquehanna began paying for order flow, it captured the attention of other exchanges.
"These transactions highlight a trend among broker-dealers to try to internalize their order flow.
Some of those market makers were paying for order flow, and they brought in business.
"Every derivatives desk had good order flow" from these sorts of trades.
Ms. Kinney said the New York Stock Exchange would not pay for order flow.
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