WestLB officials say the two men, Friedhelm Breuers and Markus Bolder, broke trading limits.
Even though Mr. Corzine answered only to the board, the directors had to approve any breaches of those trading limits.
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As the bet ballooned, it flashed a warning sign on trading limits that Mr. Roseman had helped put in place before Mr. Corzine became his boss.
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Risk is moving to real-time in trading limits and some other areas, but overall risk is still mostly end of day batch processing and pulls from multiple sources of data.
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In a modest but significant step towards liberalising its currency, China loosened the trading limits for the yuan, allowing prices against the dollar to fluctuate by up to 1% either side of the reference rate set each day by the Chinese central bank.
They also accused Cawley of "a complete lack of judgment" for trying to cement his position at Axiom by encouraging investors to install on its board John Park, who had been banned from certain roles in the U.K. securities industry for breaching trading limits.
Revenue at the equities division of the investment bank tumbled by half in the first quarter, compared with the same period in 2007, but much of the fall can be put down to reduced levels of proprietary trading as the bank pegged back its trading limits.
He also saw me ignoring some basic rules of good trading like observing limits, taking profits at pre-determined points, and adhering to stop-loss guidelines.
That could be a carbon tax or a cap-and-trade system, such as Europe's Emissions-Trading Scheme, which limits how much producers can emit, and lets them buy and sell emissions credits.
Kevin Grady, trader on the Comex floor with MF Global, also said gold also has been hurt some by anticipation of a Commodity Futures Trading Commission meeting on position limits for commodities.
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These will include limits on how much trading banks can do for themselves.
Treasury put out a statement today talking about wanting limits for banks on proprietary trading.
But those involved say numerical limits are needed to really push trading forward.
Commodities firms are complaining about potential limits the CFTC may impose on trading, as the Kitco blog post here shows.
"We found a trading operation that piled on risk, ignored limits on risk-taking, hid losses, dodged oversight and misinformed the public, " said Carl Levin, the subcommittee's chairman.
"We found a trading operation that piled on risk, ignored limits on risk-taking, hid losses, dodged oversight and misinformed the public, " said Carl Levin, the subcommittee chairman, who is a Democrat.
Other moves include setting up a yuan trading hub in Hong Kong and a loosening of some limits involving the bond market.
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The narrow quoting band being discussed would fall within the circuit breaker limits put in place last month that suspend trading in a stock that moves 10% or more from its price.
"The trading strategy, which was subject to the bank's risk limits and used by many in the marketplace, was based on a legitimate market view that diversified and lowered the bank's portfolio risk during the peak of the financial crisis, " Deutsche Bank's Mr. Golden said in the statement.
If JP was recording the position value of each tick of the trading day, the size of the array would quickly exceed the memory limits of most computers in a short amount of time.
However, industry sources believe exposure the ETN was holding to corn, wheat, soybeans and sugar futures was nearing limits that might attract the attention of regulators at the Commodity Futures Trading Commission.
But the lawsuit might do something else, too: It could test legal limits related to trade secrets and cause angst far from the trading world.
About two months after the offering, the Tianjin city government suspended trading in "Roaring Yellow River" and another painting, and the exchange imposed limits on daily and monthly price changes.
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The protocol sets binding greenhouse gas limits on 38 industrialized nations and sets up apparatus such as "emissions trading, " in which a country having trouble meeting its requirements can buy credits from others that exceed them.
Insider trading laws help to ensure that the investment banks and Wall Street professionals remain within their investment limits, since they are in fact the most powerful players in the investment game.
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Some of the changes are crystal clear like new 50:1 leverage limits on major forex currencies but the equally important rule about allowing or barring offshore trading is not yet clear per documents published to date.
ISE's system eliminates the fees that a market-maker would charge and doesn't place size limits on trade blocks, making it appealing to the growing number of hedge funds and proprietary trading desks that use computer algorithms to send orders through an exchange.
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