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Those banking fees and surging equity trading helped offset a decline in the bond markets.
Another study found that water trading helped to reduce the damage wrought by droughts.But there are lots of problems.
After a good year for trading, helped by low interest rates, clients became more cautious this year.
Islam also told the Stuyvesant reporter that his father was out of work, and that his trading helped the family.
Cisco Systems and Nortel Networks both rose in active trading, helped by a report the chief executives of both companies met on Friday in Toronto, a sign that talks of a partnership between them is getting serious.
Theglobe.com, whose meteoric rise in its first day of trading helped fuel the frenzy for initial public offerings from Internet companies, announced yesterday that it planned to shut most of its Web operations.
Similar(44)
It is hard to see how high-frequency trading helps in any of those functions.
Both reduce the human element in trading, help lower trading costs and boost liquidity in normal circumstances, the BIS said.
High-frequency trading helps small investors by narrowing spreads and speeding execution.
In both cases, an emphasis on removing barriers to trade helped to expand federal powers.
Last month's trades helped the Knicks clear enough cap space to sign two stars this summer.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com