Does each owner have a vote when the trade is accepted?
OR
Is the trade between the two owners and no one else's business. The Commish only steps in if he thinks there is collusion?
In my league, only the Commish can veto a trade which he rarely does unless there is something fishy going. Stupid trades allowed. Nothing ridiculous, but hey, if an owner doesn't know the value of his players then that's his fault and it's really not the Commish's business unless he thinks there is collusion. The trade is between the owners. What is the general consensus on other owners chiming on trades?

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