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(The Volcker Rule is intended to prevent banks from trading for their own accounts).
In America the Volcker rule aims to stop banks trading for their own profit.
In fact, they said, Datek's traders and principals were trading for their own benefit.
Although trading exchanges sounded great back then, most companies weren't prepared to engage in furious trading for their crucial supplies.
Individuals trading for their own account generally need not worry about this issue, unless they are affiliates of the issuer or the underwriters.
The proposal will put limits on bank size and prohibit commercial banks from trading for their own accounts -- known as proprietary trading.
Several crucial financial issues remain to be resolved, including what is known as the Volcker Rule, a ban on banks trading for their own accounts.
At its core, the Volcker Rule prohibits federally insured banks from trading for their own benefit rather than for clients, a strategy known as proprietary trading.
More significant, the Volcker Rule would prohibit federally insured banks from trading for their own benefit rather than for clients, a strategy known as proprietary trading.
The so-called Volcker Rule, part of the law signed by President Obama this month, is supposed to put an end to banks trading for their own accounts.
Mr. Volcker, however, became well known for crafting a measure that restricts the ability of banks whose deposits are federally insured from trading for their own benefit.
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