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More on Obama's fiscal commission: ""But because of the pressure from both sides, Simpson and Erskine Bowles, the commission’s Democratic co-chairman, have warned that the chances of succeeding are small. Washington interests “either pass or kill a bill with a deft blend of emotion...

This has a list of prop firms. I am not sure if any are in Germany (if not many other EU counties are on the list) http://www.tradersnarrative.com/list-of-proprietary-trading-firms-735.html

Until the Obama tax committee finishes their work Dec 1.

Small prop firms are being forced by clearing firms like goldman to institute "true prop" models. In otherwords take a % of the profits. The Clearing firms are being pressured by regulators to do this. The days of prop firms making money soley on commissions is over so is the 100% payout that...

We have been following any and all developements on this issue here. http://www.elitetrader.com/vb/showthread.php?s=&threadid=150546

Perhaps this could limit to their ability to internalize orders...... however I imagine they would simply sell order flow to hft firms.

I added my comments. The hill is widely read in DC. Please comment folks.

I have a trek desk and log about 5 to 6 miles per day on it while trading. http://www.trekdesk.com/

It dates back several decades when elites drove in big buicks. They have been status symbols since then....

I have been trading for the better part of 10 years. A year ago I got fed up with sitting all day and got a trek desk (see link bellow) At first I did it about 5 hours a day at a slow 2 mph pace so I could still read and work without any issues. I now only log 5 miles per day on it during the...

Great post LeeD!

I have no doubt this tax has traction among many within the administration but the Treasury Dept. and key economic advisors are the "ax" in this area. If they turn we are in big trouble.

I misunderstood what Trumpka said. They are still pushing .25%. I agree, even a smaller tt would be bad, for the very reason you mentioned.

I see. You are right.

4:00 in "give us a transaction tax of a quarter of a penny...." http://www.cnbc.com/id/15840232/?video=1480745337&play=1 Originally they wanted .25% of the value. I have been out of the loop I guess. .25 of a penny is more reasonable.

Trumpka on CNBC this morning said a quarter of a penny. I don't know if he misspoke or if they are changing their demands to .25 cents per share.

Did he say a quarter penny per share?

6x.

I use sprint 3G on my laptop. I also stay places that offer high speed internet.

AFL - CIO rallies and protest hardly got a headline due to heathcare passing and other news. However, they are not going to let up on this. Here is a new piece put out by Trumpka in the Liberal blog Huffington Post. We need a voice in the comments section...