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Yeah, but just be careful who do you vote next year in US! If Obama wins again... I live in Eastern Europe and from here, he looks like the worst president you ever had! You, who had a president like Ronald Reagan, now you have this... this...

Let's say EU will adopt an FTT and in 3-4 years they will convince USA and the other G20 countries to do the same. What do you think will CME and others do in this case? Can CME just move everything to some small country like Bahamas? Is it possible to trade mini ES in... Bahamas Merchantile...

But what if that FTT will not destroy the exchanges. UK already has a 0.5% Stamp Duty and it is working. Sure, the volumes might go down, and they might not collect many taxes, but I don't think this is there goal. In fact, they just want to kill daytrading because they hate us! Even long term...