No trading program would lead to confusion in management of funds.

没有交易计划就会导致资金管理混乱。

youdao

The promised bank trading program was not conducted and instead early investors were paid with later investors' money in what investigators said was essentially a Ponzi scheme.

投资者的资金并未用来进行银行交易计划，而是将后期投资者的钱支付给先期投资者，这本质上就是庞氏骗局。

youdao

For instance, eight Northeastern states are developing an initiative setting state-level emissions caps and establishing a trading program.

NPR: Q & A: An Examination of the Kyoto Protocol

First unveiled in 2005, EU-ETS requires aircraft operators flying within EU airspace to participate in a carbon credit trading program.

FORBES: Europe Stops The Clock On Deeply Flawed Aviation Emissions Scheme

In 2010, news came that companies could soon be looking at a carbon trading program, though the plan was eventually scotched.

FORBES: Can India Embrace Corporate Social Responsibility?