What affect does trading have on PP

I need to do some, millions I tell ya, trading runs to move up to my FDL. As a Hudson pledge, yes I am that awesome, how does trading outside his realm affect anything for me? I would like to stay in Hudson space and do all my business but I am afraid money is the reason I need to branch out. All I could think of is this might change some minor factions and maybe a little Federation rep. Anyone have any clue as to how it would affect anything to my rep/standing?
 
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