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He said proprietary systems create friction, which slows things down.
At least twice, the Commission said, proprietary traders got a hold of unpublished research reports and traded ahead of their distribution.
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That is to say, proprietary modifications will not be allowed.
Mr. Al Shihabi and other Al Jazeera representatives say proprietary research supports their assertions that American viewers want a PBS-like news channel 24 hours a day.
The company, owned by Schering-Plough, says "proprietary research" sparked the idea.
He says proprietary hardware/software stacks (iPhone) will have trouble competing with the more open approaches, such as Microsoft, Android, Symbian, etc.
His next step, he said, was "proprietary".
On Wednesday, Mr. Volcker said that proprietary trading took place "often at the expense of customer relationships".
Moreover, he said, most proprietary leases provide that tenants shall have "quiet enjoyment" of their apartment.
"This entire plain is one big telescope," Dr. James Ulvestad, an astronomer, said with proprietary pride.
He said the proprietary lease often sets forth the terms and conditions for using the roof of the building.
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