First, Venice's intermediary functions in the Adriatic Sea, where it had dominated the business of shipping for other parties, were lost to direct trading.

首先，威尼斯在亚得里亚海的中介功能被直接贸易所取代。威尼斯在该海域曾主导着其他国家的航运业务。

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The international monetary system and the international trading system are usually considered distinct entities that serve different functions.

国际货币系统与国际贸易系统通常被认为是截然不同的具有不同功能的系统。

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As an important trading system, the short selling mechanism plays a vital roles in perfecting the whole market functions.

卖空交易机制作为现代证券市场中的重要交易制度，对完善整个市场功能起着不可或缺的作用。

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Jeremy Grant, who covers exchanges for the Financial Times, said that in racing after high frequency trading the utility functions of exchanges may be lost.

FORBES: Are Stock Exchanges Failing?

It would create a super-agency that rolls up the investor protection functions of the Securities and Exchange Commission, Commodity Futures Trading Commission, National Futures Association, FINRA and Securities Investors Protection Corp.

FORBES: Investor Protection: Super-regulator Needed

There are currently a wide range of independent UK regulatory bodies, covering both public services and private industry, which provide functions relating to consumer protection, economic regulation, competition and fair trading policy, professional standards and technical oversight.

BBC: Scotland politics