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Besides the fee for an annual membership in a time-share exchange program, the price for processing a trade can cost $79 to $150 or more.
"The trouble is, the boxes - last time I looked - they were processing a trade in 10 milliseconds, and today I think... we're talking about millionths of a second".
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Technology vendors, including I.B.M. and SunGard Consulting Services, are expecting huge windfalls from the new systems that banks will need to churn out vast amounts of data for regulators, or to lower the cost of processing a derivatives trade.
We have tried to analyze the effects of three types of trade in China's exports: processing trade, normal trade in goods, and normal trade in services.
The share of processing trade in total trade is gradually decreasing due to the emergence of ordinary trade.
Figure 2 shows that trade surplus from processing trade overtook the total trade surplus in most of the time.
There are two important regimes of processing trade: processing and assembling trade with customer-supplied materials and processing trade with imported materials.
First, we define "processing trade" by regime of trade.
First, in the DPN table, processing trade is composed of trade in goods only and therefore exports are listed separately.
Also, processing trade entails a learning effect by changing the maximum productivity of a sector.
Chinese imports for processing trade as a share of total imports have fallen 10 percentage points to 22percentt between 2006 and 2012.
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