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This is one of the more well written anti-FTT articles in a while -- definitely worth reading.

Protesters in Chicago are calling for a "tax" on contracts traded through CME and CBOE (although at $.25 per contract, it's more of a fee than a tax). Chicago protesters seek exchange tax to fund jobs Stand Up Chicago, a coalition planning a protest against economic inequality on Monday...

That seemed to coincide with some ratings/downgrade news.

Here's an amusing article about Tuesday's surge: The late-day "melt-up" that pushed the S&P 500 index .SPX out of bear-market territory might be construed as good news. But it brings back echoes of the "flash crash" that saw markets dive by several hundred points in a matter of minutes, and...

The stars seem to be a bit more aligned for Defazio this time around. Aside from the EU stuff, some unions reps are set to join the Occupy Wall St. people this week, where you can bet they'll make a fresh push for FTT.

Tobin tax is likely, says banking chief The UK is likely to adopt a tax on all financial transaction following pressure from the European Commission, the head of the British Bankers' Association (BBA) has said. BBA chief executive Angela Knight told a conference at the Saïd Business...

The only obvious choice in these desperate times is: Dwayne Elizondo Mountain Dew Herbert Camacho http://www.youtube.com/watch?v=DYpfHBicjQk

WOW! If true, I guess that confirms what a lot of people suspected. Thank god for Summers and Turbo Timmy. Now let's just hope the GOP can elect a candidate that can beat O.

Here's a new one -- place a trade, cancel it, and still get taxed: The proposal would tax derivatives based on their notional amount; the taxable amount wouldn’t be affected if a trade were subsequently cancelled or changed, except in cases of genuine error, according to the document...

Some fresh anti-FTT talk from George Osborne: George Osborne rejects EU transaction tax http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8754834/George-Osborne-rejects-EU-transaction-tax.html "I am against an EU tax," he said. There would be no point introducing a...

teagueAMX, I think you'll find MBT more than adequate for swing trading equities with a small account. IMO, their main strength is their customer service and their main weakness is their trading platform and datafeed. In your case, I think the strength should outweigh the weakness.

Correct, but remember the tax is per side, so the total would be 4.118 euro per round trip.

There's just enough clarity in the chaos to make it work -- don't give up hope!

A couple new articles out today (not much new here): Germany, France Press EU on Transaction Tax http://online.wsj.com/article/SB10001424053111903285704576560574282881148.html?mod=googlenews_wsj Britain 'sceptical' on transaction tax: official...

In real-time, yes. In hindsight, no. :)

New Zealand (per the article).

Would you happen to have a link for this? I don't see anything. That's great if true . . . that would make 4 countries that could stand in the way of what needs to be a unanimous vote in order to pass (assuming they stick to their guns if/when the time comes).

FYI, This monitor is currently $70 off at Dell's site: http://accessories.us.dell.com/sna/productdetail.aspx?c=us&l=en&s=bsd&cs=04&sku=320-2676&dgc=BF&cid=7420&lid=197374&acd=10549103-1225267-u0t0f0fp57584dd0c0s558

France and Germany are on track to release their proposed details of the tax in the next few weeks, and then push hard for at it at the G20 meeting at the beginning of Nov: "We are working on a proposal that we will present to the European Union in September, which will be studied in the...

My suggestion is to reply to Chicago CTA's post at the following thread and ask him to elaborate on excess net capital: http://www.elitetrader.com/vb/showthread.php?s=&threadid=225935&perpage=6&pagenumber=2