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Exact(14)
At Nasdaq, trades were done by phone.
Buying and selling dollars, for instance, was much easier for banks if the trades were done offshore.
"Customers wanted to buy at those levels, and those trades were done by broker-dealers using their own proprietary systems".
Thorn said all three trades were done for different reasons, but said Carter's trade freed up money for the future.
The C.I.O. is the chief investment office, the unit of the bank where the relevant trades were done.
The ruling made no mention of expert testimony that all of the trades were done at pre-arranged prices that guaranteed the creation of tax losses.
Similar(44)
"The repo market is also highly interconnected because the trades are done between financial institutions".
Another fair is scheduled for Santa Rosa in early December, but most of I.M.S.'s trades are done online.
It took place in a unit of JPMorgan, called the Chief Investment Office, where trades are done to balance the assets and liabilities of the bank.
The S.E.C. should require brokerage firms to monitor trade executions, tracking how many trades are done at prices better than those specified by investors.
He said that there was still a lot of manual handling of trades being done, so that "we are stretching settlements into the night".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com