Back to Business - Banks Dig In to Resist New Limits on Derivatives - Series - NYTimes.com: "After the 2000 legislation was passed, derivatives trading exploded, helping the biggest traders earn immense profits.
The market now represents transactions with a face value of $600 trillion, up from $88 trillion a decade ago. JPMorgan, the largest dealer of over-the-counter derivatives, earned $5 billion trading them in 2008, according to Reuters, making them one of its most profitable businesses."
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