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The agency's lawyers asked about insider trading — which he denied.
That could place limits on derivatives trading, which has proven lucrative for commercial banks.
The trading, which was intended to protect the bank from financial risk, turned bad.
Also, their highly mechanical nature makes them well suited to algorithmic trading, which is growing.
Late trading, which is illegal, involves buying funds after 4 p.m. but at an earlier price.
Foreign exchange trading, which grew, was one of the few bright spots.
By comparison, Goldman is more dependent on the commissions generated from trading, which dropped sharply in recent months.
"Of particular note was the strength in sales and trading, which showed broad-based gains across products and regions".
If eBay is successful there, cross-border trading, which currently runs at about 15% of turnover, should grow.
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London is the home of carbon-trading, which is a component of the E.U.
He is particularly alarmed by the spread of computer day-trading, which he compares to casino gambling.
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