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http://www.nasdaq.com/article/swedish-leader-reiterates-resistance-to-eu-financial-transaction-tax-20120229-00646

For those interested, the FFT law has been adopted in France yesterday:http://www.assemblee-nationale.fr/13/ta/ta0873.asp - Banks are exempted of the main tax and the HFT tax. - The main tax has more exemptions ( pensions...) than cases when it is effectively applied. - The HFT tax is...

I think the OP misunderstood the message from IB. It seems like the warning we all received once. No way IB would charge a manual trader for replacing his target 20 times.

Nice. :)

Nope. Always the same. I upgraded Java as well when I was trying to fix it. Error messages from TWS or windows? TWS as a whole is not frozen when it happens. The chart just doesn't come. I can still use some other features. I tried to fix it with IB but after trying some things that didn't...

I think "being picked off " means your passive orders to provide liquidity( most likely on the illiquid leg of a spread ) are getting arbed by a faster algo when the market moves. Nothing shady here. You are just slower than someone else.

OK, but still the different edges in the pit( order flow, B/A spread ) had to be huge to counterbalance the randomness of some of their behaviours... Like not even knowing what your position is, waiting for confirmations...It's unconceivable for us elec traders nowadays. I still think he should...

http://www.economist.com/node/21547988

A good article from the Economist: http://www.economist.com/node/21547999

I came across this excerpt of one interview of 2005(http://www.elitetrader.com/vb/showthread.php?s=&threadid=48901&highlight=HARRY+BRUMFIELD): "On one unemployment number day, I went into the release long a couple hundred T-notes. Right before the number came out the market was trading 12 bid...

http://www.businessweek.com/news/2012-02-22/merkel-says-we-want-financial-transaction-tax-in-europe-.html# wow.

http://www.ft.com/intl/cms/s/0/07d05d6e-5c63-11e1-911f-00144feabdc0.html#axzz1n1ORJrno

Yesterday, a naked swiss actor put a paint jerrycan (?) on fire in front the bourse of Paris to ask for the application of the Tobin tax "at 3 PM". http://lci.tf1.fr/filnews/france/nouvelle-operation-symbolique-a-paris-du-comedien-suisse-anti-7005298.html :p

http://www.bloomberg.com/news/2012-02-20/socgen-wants-transaction-tax-to-be-international-ceo-tells-nzz.html

http://www.ft.com/intl/cms/s/0/515a87d6-58b5-11e1-b9c6-00144feabdc0.html#axzz1mwm1wzHj

Thanks for this thread Garachen, May I ask how much of these 10000 lots per day are automated?

http://www.reuters.com/article/2012/02/16/italy-hft-idUSL5E8DF9N520120216

http://uk.reuters.com/article/2012/02/16/uk-eu-britain-tax-idUKTRE81F19K20120216

http://www.bloomberg.com/news/2012-02-16/cme-group-is-said-to-submit-an-offer-to-purchase-the-london-metal-exchange.html

Exactly. Arbitrage opportunities are available, not only in options, but also in calendar spreads when there is no implied functionality or on contracts listed on several exchanges. If you run a scanner everyday, you will sure have some arbs available( manually in fact ), but the risk is...