The goal was to set up a clearinghouse as well as an electronic trading system that would display prices for credit default swaps.

其目的是建立一个清算所同时是一个电子交易系统，可以显示信贷违约互换产品的价格。

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Moreover, Basel is increasing the capital required for Banks' riskiest activities, such as trading positions and counterparty credit exposures.

另外，巴塞尔正在增加对银行风险最大的行为要求提高资本金，例如头寸交易和对手信用暴露方面。

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Practically every financial transaction, from someone buying a cup of coffee to someone trading a trillion dollars of credit default derivatives, is done in software.

几乎每一笔财务处理，从某人买了一杯咖啡到某人交易了1万亿美元的信贷违约掉期，都是通过软件完成。

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Trading apples for oranges in this case, HFC for CO2 undermines the purpose of the credit-trading scheme: to encourage emissions reductions at the lowest marginal cost.

ECONOMIST: The treaties that pay you to pollute

The US federal government has responded to the Chesapeake Bay challenge by imposing a limit on the amount of pollutants that can flow into the Bay and letting states set up credit-trading programs to promote the most efficient reductions possible.

FORBES: Emerging Platforms Support Water Trading Around the World

On Tuesday, CME Group and Citadel announced they would be creating an electronic trading platform for credit-default-swap contracts.

FORBES: Magazine Article