Both as a speculative and investment, high risk and high yield securities trading, major world security markets are as the establishment of formal institutional arrangement.

作为一种兼具投机性与投资性、高风险与高收益的证券交易方式，世界主要的证券市场都将其作为正式的制度安排确立下来。

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None will be prosecuted, although they are alleged to have been aware of the special trading arrangement.

ECONOMIST: A big legal settlement has more bark than bite

Of special note were concerns expressed about the supranational mechanisms that would have to be created to implement, monitor and enforce the sort of comprehensive energy management scheme entailed in such a treaty and the "emissions trading" arrangement expected to accompany it.

CENTERFORSECURITYPOLICY: 'Global warning' about global climate change treaty

Now fast forward 500 years and we see China once again as a world power and once again practicing trading as a largely one sided arrangement.

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