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More. :D

...or lamenting about the "rich" which earn "more than they deserve" and don't want to "pay their fair share"...

+1

Maybe their thinking is that they either manage to get an exemption or - more likely - will migrate their business, at least officially, to an offshore location so that they will not have to pay the FTT. All this while profiting from increased volatility in the markets, caused by the FTT.

For people not familiar with the German economy... these 8 organizations are the biggest lobbying groups of the German economy. This is not just just the financial sector. It is almost the whole private business sector now lobbying against it, even those organziations representing smaller and...

You say he moved to US in the 90s. Does he only follow the German news or does he actually live there for a few weeks or maybe months per year? He is absolutely correct, that there are, compared to the US, only a few 'discount brokerages' (which are mostly still too expensive and...

There is one important aspect regarding the G20 meeting and the FTT: Europe is currently begging several nations for investments into the EFSF, also countries which are against a FTT. This should significantly weaken their negotiating position for a FTT. You simply can not beg for money...

Actually, it's the stupid German politicians who hate trading. Those politicians do not speak for all Germans. Of course, there are many, many clueless people in Germany who favor a transaction tax - but in this regard Germany does not differ much from other countries. Clueless people are a...

I thought the '99%" don't have any money and that's why they are protesting? Or did I miss something? :D

Every application which is Java-based (like IB TWS, for example) and some native OS X applications like Investor R/T. If you run Windows in a virtual machine, you can also run every Windows application you want. It's like running a Windows machine inside your mac...

Exactly. Of course, mom and pop investors will not relocate, but everyone else will. In the end, the result would be that they do not only not get much less revenue from transaction taxes as expected, but also lose a good chunk of corporate/income/capital gains taxes.

Yes, true. But why not hedge with options?

Such an event should be a reminder for everyone that one or more backup accounts at another broker(s) are essential. At least if you trade more than 1-lots.

Had the same problem with IB today. No bid/ask for YM and then ES shortly after the open. Orders did not execute. Issue was resolved about 20 minutes after the open. Everything working fine since then.

Which isn't much of a problem if you are trading on an exchange with a central counterparty. It might be a problem for OTC trades, however.

Maybe they are even as stupid as Sweden in the 80s and won't exclude government bonds from the transaction tax. I wonder how the already struggling European countries would cope with a collapse of the goverment bond market? :D

GLD, for example.

In the markets, nothing is guaranteed.

True. There was a time I even thought the people pushing this tax have good - albeit misguided - intentions. Not anymore. The more you read what they write, the more you see that at the core of the FTT movement is nothing else than a pathological, deep-seated hate against the markets. Or...

Of course. But the question was about the catalyst for such a meteoric rise. ;-)