But the bill may not sufficiently address the short-term trading abuse at the heart of the scandals that have come to light since September.

Will it help prevent trading abuses, or will it encourage them?

That announcement came shortly after 46 members of the exchanges were indicted in criminal cases and charged with trading abuses.

But it also contributed, Government prosecutors say, to widespread trading abuses.

His tenure has also seen a Federal investigation of trading abuses.

Also, futures exchanges are getting less publicity about the Government's investigation of trading abuses.

To be sure, Mr. Navellier has not been associated with any trading abuses.

But the Federal investigations of potential trading abuses, disclosed last week, were not what they had in mind.

In fact, the executives recommended that the exchanges and regulators should improve their ability to uncover trading abuses.

Russell officials declined to discuss the issue of trading abuse directly.