Recent content by jonnysharp

Yes system wide issue, I have the same thing, contacted support and they're working on it.

It would be at the top of my worries as I would rather pay more tax on gains than not make any gains at all, a 0.40% round trip tax would force me to stop short term trading.

Guess that's a nice hedge they've got there, but they'll likely get full exemptions and us little guys will pay the price although I'm sure the big end of town would rather the little guy keep playing untaxed too since volumes will reduce if this goes through so their trading profits will be lower.

Agree to disagree, this is a forum for discussing trading tax related issues and that's what I'm doing here, highly doubt we on here have any material effect on a $300 Billion dollar a day market from discussing a potential tax amount.

I think you're right here with the balance in the House and Senate key to a strong opposition to a FTT, Biden and Harris can't get this done alone. Hopefully there's also a huge pushback from the exchanges/brokers/banks/hedge funds to block it or reduce it.

Not sure what you mean but yes US stocks are the most traded in the world, and not every other international stock market has a FTT.

You really think the market would sell off big based on some guys on ET discussing a 0.20% tax when it's an already known possibility?

Dangerous to who? As traders there's nothing dangerous to discuss potential amounts of a potential tax, other FTTs around the world are a similar amount.

He's on record supporting a financial transaction tax, also if he wins it's highly likely VP Harris takes over at some point since Biden is in cognitive decline and she's pushing a 0.20% tax on stocks which will effectively destroy all retail day/swing traders, and of course Wall Street and HFTs...

Thanks Def, appreciate the quick and detailed reply, you've always been consistent on ET over the years. I understand and respect your views on HK and why IB is staying there however I will stick to my views of keeping my own capital away from there, glad to hear my account is with IBLLC. Do...

Hey guys, I'm wondering what kind of exposure does IB have in Hong Kong? I know there's a IB office there and IB servers in HK, but I'm wondering are there any customer funds being held there? I'm a New Zealand resident with a IB company account and I'm concerned if the Chinese Government...

http://lmgtfy.com/?q=pair+trading+software

My issue is that I want to use pegged to midpoint orders which are native to ISLAND via a API on the cost plus pricing structure, however this doesn't seem possible with IB?