Sentences with phrase «trading activity level»

The price you pay for exercise / assignment can be a simple flat fee, or there can be variable pricing that depends on your trading activity level, the price of the stock at the time of exercise / assignment, the number of shares involved or a combination of these.

Data package pricing for FlightDesk's standard and premium versions depend on the amount of assets and / or trading activity level.

You don't need to commit to any certain monthly or quarterly trading activity level to be qualified for this account and there is no time limit for it as well.

You don't need to commit to any certain monthly or quarterly trading activity level to be qualified for this account and there is no time limit for it as well (as long as you maintain a minimum account balance of $ 5,000 CAD).

Not exact matches

Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.

Since the start of 2017, Chinese regulators have announced a slew of steps to coax financial institutions to reduce riskier activity and leverage, targeting everything from interbank lending levels to bond trading, negotiable certificates of deposit and entrusted loans.

(Updates prices, market activity and comments to U.S. market open, new byline, changes dateline, previous LONDON) NEW YORK, May 3 (Reuters)- The U.S. dollar was little changed in choppy trading on Thursday as investors took profits from a rally that sent the greenback to its highest levels of the year and awaited Fridays payrolls data for April.

Still, after accounting for the possibilities of some specific equities experiencing a disproportionate share of mini flash crashes, and variations in trading activity creating more opportunities for mini flash crashes to occur, the evidence continues to suggest that an abnormal level of instability could have been detected in the U.S. equity market during the test window on October 15, 2014.

In a news release, Goldman said trading was «a challenging environment characterized by low levels of volatility and low client activity.»

In the U.S., the level of trading activity in Eurodollar futures, the main benchmark for short - term rates, did not increase, but the mid-curve options on Eurodollar futures did.

But you can't overlook the fact that Vanguard Group has more than $ 1 trillion in active portfolios; the managers there would tell you that costs matter more than the level of trading activity.

Volume profile displays trading activity over a specific time frame at specified price levels.

MNI Fixed Income Bullet Points focuses on trading flows, shifting market sentiment and expectations, news driving the market, economic data, monetary and fiscal policy, key market levels, central bank market activity, and global capital flows.

This volatility is likely to lead to a situation in which companies with a high level of risk meet the threshold conditions for inclusion in indices solely as a result of exceptional trading, even before they have any business activity whose results can be evaluated.»

Or should these trading gains — a zero - sum activity where one party's gain is, by definition, another's loss (usually one's customers)-- be taxed more highly than poverty - level income of workers?

To this end, as part of its Sustainability activities, Sucafina announced back in 2017 a partnership with the International Trade Centre (ITC) and Jacobs Douwe Egberts (JDE), which aimed at empowering woman coffee producers in Rwanda and strengthening their participation at all levels of the supply chain.

The scope of our public policy and government relations activities includes our participation in trade associations and support of political candidates and campaigns at the local, state and federal levels.

The Trade Union and Labour Party Liaison Organisation is the co-ordinating structure that supports the policy and campaign activities of affiliated union members within the Labour Party at the national, regional and local level.

Over the Atlantic basin, the amplified trough is associated with stronger upper - level westerly winds and stronger lower - level easterly trade winds, both of which increase the vertical wind shear and suppress hurricane activity.

Included in the PowerPoint: Macroeconomic Objectives (AS Level) a) Aggregate Demand (AD) and Aggregate Supply (AS) analysis - the shape and determinants of AD and AS curves; AD = C+I+G + (X-M)- the distinction between a movement along and a shift in AD and AS - the interaction of AD and AS and the determination of the level of output, prices and employment b) Inflation - the definition of inflation; degrees of inflation and the measurement of inflation; deflation and disinflation - the distinction between money values and real data - the cause of inflation (cost - push and demand - pull inflation)- the consequences of inflation c) Balance of payments - the components of the balance of payments accounts (using the IMF / OECD definition): current account; capital and financial account; balancing item - meaning of balance of payments equilibrium and disequilibrium - causes of balance of payments disequilibrium in each component of the accounts - consequences of balance of payments disequilibrium on domestic and external economy d) Exchange rates - definitions and measurement of exchange rates - nominal, real, trade - weighted exchange rates - the determination of exchange rates - floating, fixed, managed float - the factors underlying changes in exchange rates - the effects of changing exchange rates on the domestic and external economy using AD, Marshall - Lerner and J curve analysis - depreciation / appreciation - devaluation / revaluation e) The Terms of Trade - the measurement of the terms of trade - causes of the changes in the terms of trade - the impact of changes in the terms of trade f) Principles of Absolute and comparative advantage - the distinction between absolute and comparative advantage - free trade area, customs union, monetary union, full economic union - trade creation and trade diversion - the benefits of free trade, including the trading possibility curve g) Protectionism - the meaning of protectionism in the context of international trade - different methods of protection and their impact, for example, tariffs, import duties and quotas, export subsidies, embargoes, voluntary export restraints (VERs) and excessive administrative burdens («red tape»)- the arguments in favor of protectionism This PowerPoint is best used when using worksheets and activities to help reinforce the ideas talked aLevel) a) Aggregate Demand (AD) and Aggregate Supply (AS) analysis - the shape and determinants of AD and AS curves; AD = C+I+G + (X-M)- the distinction between a movement along and a shift in AD and AS - the interaction of AD and AS and the determination of the level of output, prices and employment b) Inflation - the definition of inflation; degrees of inflation and the measurement of inflation; deflation and disinflation - the distinction between money values and real data - the cause of inflation (cost - push and demand - pull inflation)- the consequences of inflation c) Balance of payments - the components of the balance of payments accounts (using the IMF / OECD definition): current account; capital and financial account; balancing item - meaning of balance of payments equilibrium and disequilibrium - causes of balance of payments disequilibrium in each component of the accounts - consequences of balance of payments disequilibrium on domestic and external economy d) Exchange rates - definitions and measurement of exchange rates - nominal, real, trade - weighted exchange rates - the determination of exchange rates - floating, fixed, managed float - the factors underlying changes in exchange rates - the effects of changing exchange rates on the domestic and external economy using AD, Marshall - Lerner and J curve analysis - depreciation / appreciation - devaluation / revaluation e) The Terms of Trade - the measurement of the terms of trade - causes of the changes in the terms of trade - the impact of changes in the terms of trade f) Principles of Absolute and comparative advantage - the distinction between absolute and comparative advantage - free trade area, customs union, monetary union, full economic union - trade creation and trade diversion - the benefits of free trade, including the trading possibility curve g) Protectionism - the meaning of protectionism in the context of international trade - different methods of protection and their impact, for example, tariffs, import duties and quotas, export subsidies, embargoes, voluntary export restraints (VERs) and excessive administrative burdens («red tape»)- the arguments in favor of protectionism This PowerPoint is best used when using worksheets and activities to help reinforce the ideas talked alevel of output, prices and employment b) Inflation - the definition of inflation; degrees of inflation and the measurement of inflation; deflation and disinflation - the distinction between money values and real data - the cause of inflation (cost - push and demand - pull inflation)- the consequences of inflation c) Balance of payments - the components of the balance of payments accounts (using the IMF / OECD definition): current account; capital and financial account; balancing item - meaning of balance of payments equilibrium and disequilibrium - causes of balance of payments disequilibrium in each component of the accounts - consequences of balance of payments disequilibrium on domestic and external economy d) Exchange rates - definitions and measurement of exchange rates - nominal, real, trade - weighted exchange rates - the determination of exchange rates - floating, fixed, managed float - the factors underlying changes in exchange rates - the effects of changing exchange rates on the domestic and external economy using AD, Marshall - Lerner and J curve analysis - depreciation / appreciation - devaluation / revaluation e) The Terms of Trade - the measurement of the terms of trade - causes of the changes in the terms of trade - the impact of changes in the terms of trade f) Principles of Absolute and comparative advantage - the distinction between absolute and comparative advantage - free trade area, customs union, monetary union, full economic union - trade creation and trade diversion - the benefits of free trade, including the trading possibility curve g) Protectionism - the meaning of protectionism in the context of international trade - different methods of protection and their impact, for example, tariffs, import duties and quotas, export subsidies, embargoes, voluntary export restraints (VERs) and excessive administrative burdens («red tape»)- the arguments in favor of protectionism This PowerPoint is best used when using worksheets and activities to help reinforce the ideas talked atrade - weighted exchange rates - the determination of exchange rates - floating, fixed, managed float - the factors underlying changes in exchange rates - the effects of changing exchange rates on the domestic and external economy using AD, Marshall - Lerner and J curve analysis - depreciation / appreciation - devaluation / revaluation e) The Terms of Trade - the measurement of the terms of trade - causes of the changes in the terms of trade - the impact of changes in the terms of trade f) Principles of Absolute and comparative advantage - the distinction between absolute and comparative advantage - free trade area, customs union, monetary union, full economic union - trade creation and trade diversion - the benefits of free trade, including the trading possibility curve g) Protectionism - the meaning of protectionism in the context of international trade - different methods of protection and their impact, for example, tariffs, import duties and quotas, export subsidies, embargoes, voluntary export restraints (VERs) and excessive administrative burdens («red tape»)- the arguments in favor of protectionism This PowerPoint is best used when using worksheets and activities to help reinforce the ideas talked aTrade - the measurement of the terms of trade - causes of the changes in the terms of trade - the impact of changes in the terms of trade f) Principles of Absolute and comparative advantage - the distinction between absolute and comparative advantage - free trade area, customs union, monetary union, full economic union - trade creation and trade diversion - the benefits of free trade, including the trading possibility curve g) Protectionism - the meaning of protectionism in the context of international trade - different methods of protection and their impact, for example, tariffs, import duties and quotas, export subsidies, embargoes, voluntary export restraints (VERs) and excessive administrative burdens («red tape»)- the arguments in favor of protectionism This PowerPoint is best used when using worksheets and activities to help reinforce the ideas talked atrade - causes of the changes in the terms of trade - the impact of changes in the terms of trade f) Principles of Absolute and comparative advantage - the distinction between absolute and comparative advantage - free trade area, customs union, monetary union, full economic union - trade creation and trade diversion - the benefits of free trade, including the trading possibility curve g) Protectionism - the meaning of protectionism in the context of international trade - different methods of protection and their impact, for example, tariffs, import duties and quotas, export subsidies, embargoes, voluntary export restraints (VERs) and excessive administrative burdens («red tape»)- the arguments in favor of protectionism This PowerPoint is best used when using worksheets and activities to help reinforce the ideas talked atrade - the impact of changes in the terms of trade f) Principles of Absolute and comparative advantage - the distinction between absolute and comparative advantage - free trade area, customs union, monetary union, full economic union - trade creation and trade diversion - the benefits of free trade, including the trading possibility curve g) Protectionism - the meaning of protectionism in the context of international trade - different methods of protection and their impact, for example, tariffs, import duties and quotas, export subsidies, embargoes, voluntary export restraints (VERs) and excessive administrative burdens («red tape»)- the arguments in favor of protectionism This PowerPoint is best used when using worksheets and activities to help reinforce the ideas talked atrade f) Principles of Absolute and comparative advantage - the distinction between absolute and comparative advantage - free trade area, customs union, monetary union, full economic union - trade creation and trade diversion - the benefits of free trade, including the trading possibility curve g) Protectionism - the meaning of protectionism in the context of international trade - different methods of protection and their impact, for example, tariffs, import duties and quotas, export subsidies, embargoes, voluntary export restraints (VERs) and excessive administrative burdens («red tape»)- the arguments in favor of protectionism This PowerPoint is best used when using worksheets and activities to help reinforce the ideas talked atrade area, customs union, monetary union, full economic union - trade creation and trade diversion - the benefits of free trade, including the trading possibility curve g) Protectionism - the meaning of protectionism in the context of international trade - different methods of protection and their impact, for example, tariffs, import duties and quotas, export subsidies, embargoes, voluntary export restraints (VERs) and excessive administrative burdens («red tape»)- the arguments in favor of protectionism This PowerPoint is best used when using worksheets and activities to help reinforce the ideas talked atrade creation and trade diversion - the benefits of free trade, including the trading possibility curve g) Protectionism - the meaning of protectionism in the context of international trade - different methods of protection and their impact, for example, tariffs, import duties and quotas, export subsidies, embargoes, voluntary export restraints (VERs) and excessive administrative burdens («red tape»)- the arguments in favor of protectionism This PowerPoint is best used when using worksheets and activities to help reinforce the ideas talked atrade diversion - the benefits of free trade, including the trading possibility curve g) Protectionism - the meaning of protectionism in the context of international trade - different methods of protection and their impact, for example, tariffs, import duties and quotas, export subsidies, embargoes, voluntary export restraints (VERs) and excessive administrative burdens («red tape»)- the arguments in favor of protectionism This PowerPoint is best used when using worksheets and activities to help reinforce the ideas talked atrade, including the trading possibility curve g) Protectionism - the meaning of protectionism in the context of international trade - different methods of protection and their impact, for example, tariffs, import duties and quotas, export subsidies, embargoes, voluntary export restraints (VERs) and excessive administrative burdens («red tape»)- the arguments in favor of protectionism This PowerPoint is best used when using worksheets and activities to help reinforce the ideas talked atrade - different methods of protection and their impact, for example, tariffs, import duties and quotas, export subsidies, embargoes, voluntary export restraints (VERs) and excessive administrative burdens («red tape»)- the arguments in favor of protectionism This PowerPoint is best used when using worksheets and activities to help reinforce the ideas talked about.

A level Economics lesson: Patterns of Trade - Trade Creation and Trade diversion For the Edexcel Exam board This PowerPoint could be used as a full lesson and includes attached activities, challenging and thoughtful questions, learning objectives and embedded URL links where appropriate and tasks / information for students to use to learn about issues relating to patterns of trade LEarning objectives ALL To be able to explain how patterns of trade changes MOST To be able to analyse why patterns of trade have changed SOME To be able to evaluate the most influential factor in changes in patterns of trade These resources work well with other popular Economics ResouTrade - Trade Creation and Trade diversion For the Edexcel Exam board This PowerPoint could be used as a full lesson and includes attached activities, challenging and thoughtful questions, learning objectives and embedded URL links where appropriate and tasks / information for students to use to learn about issues relating to patterns of trade LEarning objectives ALL To be able to explain how patterns of trade changes MOST To be able to analyse why patterns of trade have changed SOME To be able to evaluate the most influential factor in changes in patterns of trade These resources work well with other popular Economics ResouTrade Creation and Trade diversion For the Edexcel Exam board This PowerPoint could be used as a full lesson and includes attached activities, challenging and thoughtful questions, learning objectives and embedded URL links where appropriate and tasks / information for students to use to learn about issues relating to patterns of trade LEarning objectives ALL To be able to explain how patterns of trade changes MOST To be able to analyse why patterns of trade have changed SOME To be able to evaluate the most influential factor in changes in patterns of trade These resources work well with other popular Economics ResouTrade diversion For the Edexcel Exam board This PowerPoint could be used as a full lesson and includes attached activities, challenging and thoughtful questions, learning objectives and embedded URL links where appropriate and tasks / information for students to use to learn about issues relating to patterns of trade LEarning objectives ALL To be able to explain how patterns of trade changes MOST To be able to analyse why patterns of trade have changed SOME To be able to evaluate the most influential factor in changes in patterns of trade These resources work well with other popular Economics Resoutrade LEarning objectives ALL To be able to explain how patterns of trade changes MOST To be able to analyse why patterns of trade have changed SOME To be able to evaluate the most influential factor in changes in patterns of trade These resources work well with other popular Economics Resoutrade changes MOST To be able to analyse why patterns of trade have changed SOME To be able to evaluate the most influential factor in changes in patterns of trade These resources work well with other popular Economics Resoutrade have changed SOME To be able to evaluate the most influential factor in changes in patterns of trade These resources work well with other popular Economics Resoutrade These resources work well with other popular Economics Resources.

This report compares the incentive - based approaches to curb activities that produce CO2 emissions, such as tax on emissions, cap on the total annual level of emissions, and a modified cap - and - trade program.

There are no basic account fees or minimums, so you can enjoy an active trading experience with high volume or a low - volume beginning account without fees or worries about minimum balances or activity levels.

So I am wondering how exactly my day and option trading activity will be taxed on the state level?

Now that NBDB has updated their pricing, what a trade commission costs with NBDB depends on the activity level of the client.

Both beginners and intermediate level traders should be familiar with what is out there and available to them for their Forex trading activities.

TD Direct Investing offers a broad selection of trading platforms that cater to investors of all activity levels.

Companies that have low levels of business activity or who do not carry on active business will trade on the NEX board, while companies that are actively carrying on business will remain with the main TSX Venture Exchange stock list.

In other words, what level of trading activity is initiated by the manager of the fund.

For example, Interactive Brokers has a $ 1 minimum per trade rather than $ 5 but there is a minimum level of activity below which they charge an extra inactivity fee for data services.

Options trade at certain levels of implied volatility because of current market activity.

Whether a security futures contract is subject to position limits, and the level for such limits, depends upon the trading activity and market capitalization of the underlying security of the security futures contract.

j) You fully understand that an active program of purchasing and / or selling options may involve related purchases and sales of the underlying stocks to which the options relate, and that such a program may produce a high level trading activity and commission costs.

As the legislative and advocacy voice for the trade, the Pet Industry Joint Advisory Council (PIJAC) was active throughout the show, meeting with you and discussing your concerns about governmental activity at the local, state, federal and even international levels.

In the almost sure knowledge that the earth never experienced a runaway greenhouse even with ancient CO2 levels 10 to 20 times greater than today, these anti-science scoundrels insist with a «high level of confidence» that this amplification is real and it's based on nothing more than faster than expected surface temperature rise in the past few decades which can be TOTALLY explained by multi-decadal cyclic behavior in ocean currents, trade winds, and / or solar magnetic activity causing small global average albedo changes.

On a societal level, money laundering is the fuel that feeds the drug trade and assists terrorist activities, as well as allowing criminals who commit inhumane practices such as human trafficking and modern slavery to profit from their crimes.

On the bright side, Mazower shows out how the idea of rules at the international level developed fairly well at the level of technical standard setting: rules and standards around health, meteorology, maritime activities, and industries and trade, for instance.

The underwriter also gets the institutional investors ready to purchase in order to make sure that there's a healthy level of trade activity on offering day.

However, those trading opportunities should be activated on purpose to improve accumulation activities, focusing a wide 100 - point trading range to $ 700, where another congestion level should confirm a further climbing step to 820.

Trading activity could increase with new intermediate support and resistance levels, while prices perform a synchronization process recovering their lag against indicators when arriving at the $ 820 level.

Notably, the minister acknowledged that the current level of cryptocurrency trading and related activities is «not posing any significant risk to the UK economy.»

With these latest changes, Livecoin stands true to its commitment to making it easy for the traders, irrespective of their experience levels to indulge in cryptocurrency trading activity.

Retail Sales Manager — Duties & Responsibilities Oversee customer service and sales staff ensuring efficient, effective, and profitable operations Design and implement staff development programs to enhance sales and customer service skills Train employees in corporate branding and company policies and procedures Consistently meet or exceed sales goals through networking, in person sales, trade shows, and other tactics Develop and implement company marketing, public relations, and promotional strategies Identify company operational challenges and overcome obstacles through strong managerial skills Represent company brand with poise, integrity, and positivity Develop a rapport with customers and orient them to various products and services Encourage high customer retention by maintaining friendly, supportive contact with existing clients Study internal literature to become an expert on products and services Interact with support staff and company resources effectively to create the best consumer experience Conduct research on prospective leads and existing clients to assist in developing sales strategies Craft effective sales presentations and proposals, tailoring them to clients based on their specific needs and styles Collaborate with junior level sales people to develop action plans to govern their performance Maintain comprehensive records detailing pricings, sales, activities reports, and other pertinent data Strictly adhere to budgets and schedules Oversee multimillion dollar inventory and product replenishment Manage company financial records providing detailed, accurate account of transactions and financial health Provide additional operational support including communications, data entry, and other tasks as needed

Retail Sales Manager — Duties & Responsibilities Consistently meet or exceed sales goals through networking, in person sales, trade shows, and other tactics Develop and implement company marketing, public relations, and promotional strategies Represent company brand with poise, integrity, and positivity Develop a rapport with customers and orient them to various products and services Encourage high customer retention by maintaining friendly, supportive contact with existing clients Study internal literature to become an expert on products and services Interact with support staff and company resources effectively to create the best consumer experience Conduct research on prospective leads and existing clients to assist in developing sales strategies Craft effective sales presentations and proposals, tailoring them to clients based on their specific needs and styles Collaborate with junior level sales people to develop action plans to govern their performance Recruit, train, and direct staff ensuring they understand the brand and adhere to company policies and procedures Maintain comprehensive records detailing pricings, sales, activities reports, and other pertinent data Strictly adhere to budgets and schedules Oversee multimillion dollar inventory and direct purchasing and inventory replenishment Manage company financial records providing detailed, accurate account of transactions and financial health Provide additional operational support including communications, data entry, and other tasks as needed

ACTIVITIES AND INTERESTS Web design and analytics Completed Bachelor Certificate with Ameritrade stock trading program Completed Certificate as a Business Broker Golf, tennis, snowboarding and water skiing Wrestled competitively Nationally for the London Wrestling Club Participate in Industrial hockey leagues at «A» and «B» levels

The CSIRO and other research organisations are working extensively in the Murray - Darling Basin to try to repair some of the damage to the river system, to provide advice on the extent to which the current level of activity (extraction) can continue, and the possibilities for future water trading.