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The uk stamp duty raises almost 4 billion euro.. so the french raising a billion isn't unrealistic if they do it properly. However there will be tax lost elsewhere (capital gains, corporation tax etc) so it is going to be hard to say what the actual net amount raised really is.

Sounds like a stamp tax at 0.1% rate with market makers exempt. Will it apply both to buying and selling, so 0.2% in total, or only when buying? Either way it will be much less than the UK stamp duty which is 0.5%. Regarding credit default swaps and other derivatives, these can be written...

Week 4 ===== £-1129 Closing Balance: £49450 First down week for 2012, for sure there will be many more to come this year, and some will be a lot worse percentage wise than this one was.

He is clearly getting desperate, he is trying anything to cling on to power. But the article doesn't provide detail: Will Sarkozy try and pass this into law before the elections, or wait until if he is re elected? Will it apply to all types of markets or just stocks? Will it be a full...

Pride goeth before a fall. Prov. If you are too proud and overconfident, you will make mistakes leading to your defeat.

The Stamp duty model doesn't work for derivatives. It could work for Bonds, but im not completely sure how bonds work, so cant say for definite.

I think the UK currently raises about 8billion USD a year from share stamp duty and the bank levy. Does the EU expect the UK to hand this money over to them.. in return for what?

So you took the advice and adapted to a new type of trading. Financial trading was not your thing it seems.

perhaps rsj are not trading anymore.

Instead of paying them more it's cheaper to just invest in some suicide nets outside the factory: http://www.dailymail.co.uk/news/article-2092277/Apple-Poor-working-conditions-inside-Chinese-factories-making-iPads.html

hft 'steals' a few pennies and they want to regulate/licence it, while at the same time they want to introduce a stamp tax that will steal 0.5% from each trade for themselves. Reminds me of that sticker on ron pauls desk

Germany Poised to Woo U.K. With Transaction Tax Alternative Germany is preparing plans for a form of European stamp duty on shares linked to tougher trading rules as an alternative to a financial-transaction tax, as it seeks to win U.K. support for a European Union-wide levy...

The source code for this class is provided.

Net costs with IB were really great before ZIRP :mad: The interest they paid covered a large chunk of my commissions. This is one of the reasons why their commissions were always a bit higher than some other futures firms which didnt pay any interest at all.

We not only need to defend ourselves against the FTT. We should also go on the offensive and push a bank levy as an alternative everywhere. I have certainly made this point when commenting on pro european FTT articles on the internet. The banks dont care about us, they will try and push...

I think the question is does the 'sweep' operation give the cash derived from a futures 'close out' a new status? ie the same status as freshly wired in funds to a securities account. I dont think there is a definite answer. Could SIPC even deny protection to freshly wired in cash to a...

Having status symbols helps because women have been conditioned by TV commercials to desire them as well. Most men are not tall and handsome or have enough charisma, or have high paying jobs.. so these guys, probably 80% of the male population need something to differentiate themselves from...

Everyone is out to protect their own interests. Neither we or the banks want an FTT. We dont want Stamp Duty but the Banks wont be effected much so would rather have that than an FTT. They dont want a bank levy, but we would rather that be introduced instead of an FTT or Stamp Duty. We...

I have been fulltime trading for 5 years, my only source of income has been trading profits during that time. I have a family and home to support. I see this as both an advantage and disadvantage. Obviously it adds more pressure but it also forces me to be serious and businesslike in my trading...

Week 3 ===== +£265 Closing Balance: £50579 31 trades to date, 20 winners 11 losers. Won a few, lost a few this week to eek out a small profit. Still waiting to be blessed by the first losing week for this year.