The misuse of private trading accounts by mutual fund managers is a practice, which like that of "black mouths," is common enough to have been given a colorful nickname in Chinese: "rat trading."

基金经理滥用私人交易账户又是一种做法，这就好比“黑嘴”，再普遍不过，在汉语中被形象地昵称为：“老鼠仓。”

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"It may not be insider trading but it is insider use of sensitive information, which gives an undue advantage, " Arjuna Mahendran of HSBC Private Bank told the BBC.

“这可能不是内幕交易而是敏感信息的内幕利用，这也给有关人员带来了不正当的利益，”汇丰私人银行的阿朱马亨德兰对BBC说。

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Markets are wondering how the rule would affect groups such as Goldman Sachs and JPMorgan Chase, which have proprietary trading desks and private equity units.

市场正在琢磨，这项规则将给高盛和摩根大通等拥有自营交易和私人股本业务的机构带来何种影响。

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"Banks will no longer be allowed to own,invest or sponsor hedge funds, private equity funds or proprietary trading operations for their own profit, unrelated to serving their customers,".

VOA: standard.2010.01.21

UN, and private trading areas are no longer tenable in the era of globalisation.

ECONOMIST: Jacques Foccart

It also let private trading systems called ECNs (electronic communications networks) post their prices on the same system.

FORBES: Guerrillas on Wall Street

Using software that links him directly to Nasdaq marketmakers and a private trading system called Island, Milman checked further.

FORBES: Free enterprise comes to Wall Street