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Mr Grasso, who uses the analogy of airline code-sharing for the GEM, recently announced plans for a pilot programme trading its stocks on its partners' exchanges, starting with Asia.The then planned iX touted a similar global marketplace via its linkage to Nasdaq, which also operates in Japan and has just relaunched Easdaq as Nasdaq (Europe).
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Traders also pointed out that a number of significant programme trades went through the system late in the trading session.
There was also talk of a programme trade to buy around 1.8bn shares at 168p, but there was scepticism among some traders about this tale.
It could be a programme trade, it could be a trader's cock-up, it could be the rumour that a large hedge fund is unwinding.
The FTSE 100 index, already slightly down, fell by 2.2% in the final moments of trading, when the trade was made.Lehman Brothers is believed to be the source of the rogue programme trade.
"Just about every firm has had one of these incidents," says the head of one bank's programme-trading desk.
Separate calculations will be made of between-treatment differences in cost to parents to identify any between-programme trade-offs.
Almost immediately after the crash, the overseas investors who had bought into Chinese companies through the Hong Kong exchange began pulling their capital out of Chinese stocks – the most prolonged period of net outflow since the programme of trading via Hong Kong began last November.
The result has been a full employment programme for trade lawyers and World Trade Organisation tribunal staff.
In recognition of this, and to strengthen the participation of developing and transition countries in multilateral trade negations, FAO has organised sub-regional workshops under the "Umbrella" programme on trade-related capacity building.
Even Alberta has a limited programme to trade emissions permits within the province.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com