Without cash on hand, the firm can't facilitate trades for its clients or meet margin calls for its own proprietary trades.

如果手头没有现金，它就无法为其客户促成交易，也无法满足其自营业务追加保证金的要求。

youdao

They'd build trading desks that traded for clients, of course, but that also put the bank's own capital at risk in proprietary trades.

当然，他们设立了交易柜台替客户进行产权交易，但是，产权交易也给银行自身的资本带来风险。

youdao

Regulators will struggle to differentiate between proprietary trades and those for clients (someone is on the other side of every trade) or hedging.

管理者将纠结于如何区别财产交易时为了客户还是为了保值。

youdao

Defenders of the plan will argue that the new banking limits will rein in "speculative" activity and "risky" proprietary trades, but both are in the eye of the beholder.

FORBES: Magazine Article

On Friday, former Goldman Sachs wunderkind, Sergey Aleynikov, is to be sentenced to prison after being found guilty last December on charges related to his theft of proprietary computer code used for conducting high frequency trades.

FORBES: Goldman's Boardroom Meetings -- Less Proprietary Than Computer Code?