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Exact(5)
The securities industry has already gone to federal court to prevent the C.F.T.C. from imposing limits on commodities trading that can lead to excessive speculation, which can drive up the price of oil and other goods.
For instance, Francis devoted a long paragraph to criticizing an approach called carbon trading that can be used to put a price on greenhouse emissions, even though many environmental economists favor that approach.
Since options cost less than stock, they provide a high leverage approach to trading that can significantly limit the overall risk of a trade or provide additional income.
No sales tax is paid despite the high-risk nature of "flash trading" that can lose entire pension funds in a few seconds.
What this means is that Dimon's profit model (not to mention personal compensation), which relies heavily on the type of on-the-wire trading that can generate huge profits, also requires a big capital buffer, which then hampers the bank's lending and investment abilities and, by extension, its contribution to our economic progress.
Similar(55)
It doesn't look like there's any trade that can take place.
A trade that can be shown to closely offset, or hedge, a position elsewhere in the bank is more likely to be exempt from the rule.
Given today's rapid pace of trade, that can make a huge difference to businesses' competitiveness, specially for those that operate with integrated supply chains.
There are some tricks of the trade that can set buyers apart.
That's a CPU, essentially a jack of all trades that can easily multitask.
But that also means Morgan Stanley isn't part of the more highly leveraged trades that can bring it great upside, Villalon says.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com