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I believe Velocity to be the best futures broker for the majority of people on this site, though I clear with Fortis, I believe redundancy needs to be in place to prevent this in the future also. I find it hard, giving my prior trading at Velocity, prior to moving over to Fortis, that anyone had...

My congressman, Mike Rogers of Michigan, he's a republican. January 5, 2010 Dear Mr.: Thank you for taking the time to contact me regarding your concern with reports of a proposed "transaction tax" on all securities transactions. It is good to hear from you. As you may know...

The issue is dead, no transaction tax in the foreseeable future.

Rush Limbaugh just blasted the financial transaction tax on his radio program.

From the article, enough said: For quite some time now we have been advocating the desirability – or even the necessity – of finding some means or another to impose a small levy on money transfers and/or other financial transactions to which the Cayman Islands act as host or counterparty.

I would like to remind everyone that there are over 10,000 hedge funds registered in the Cayman Islands. That wasn't by accident and if a transaction tax is levied in the US, these hedge funds will avoid the tax. Newedge just announced that it is aggressively expanding in Asia and several Asian...

96

I hope they FUCKING BURY defazio!

100000 * 0.00005 = 5

Rinse, wash and repeat of the article and the first piece earlier in the day. He did mention that the US doesn't support it, that it must be international to work and that there is little support in congress for it. More and more I see and read, the more that I see that this has almost zero...

Bloomberg is doing another segment on the tax after the break.

Nothing new there, Bloomberg just following up on an exclusive piece they did earlier.

Nothing like stirring up a little heat for his website, must have gotten the idea from his old hedge fund partner Cramer over at CNBC.

Hit the nail right on the head, makloda.

And the thread went to shit that quick.

Same thing happened in 1992 and the world didn't end.

Long term investors only take liquidity, they don't add. Market makers won't exist without an exception. Unfortunately your trading style only exist at the mercy of the market maker. Thats of course if you don't mind paying the tax in the form of the spread.

The rest of the world is still buying US debt in record amounts. There is still significant risk aversion in the system, the Chinese can't risk not funding US deficits.

America's greatness was in not building the refrigerator, but making the next generation of refrigerator. Sadly that edict of innovation and ingenuity has been lost in recent history. But I agree with Scataphagos, this is political paying for votes garbage.

my response to Ryan: Jacob: responding to Ryan | Respond November 25, 2009 10:41 AM PT It’s about market participation and price discovery. The liquidity and narrowing of spread to a penny didn’t occur out of thin air. The benefits are greater market participation has help the ability...