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A good idea of article for FT : the total amount of time and money wasted just on the FTT proposal at this point, and for which results ( There is actually more uncertainty now than there was when the initial proposal came out in sep 2010...). Remember when they spend 1 hour speaking about this...

http://www.nytimes.com/2013/09/15/business/wall-st-exploits-ethanol-credits-and-prices-spike.html?pagewanted=1&_r=1&emc=eta1

Thanks Nazz, I was just searching for threads about re-tendering, and decided to post here instead of creating a new one. I know and do everything to avoid long positions after FND, but I make errors like everybody, I sometimes have 50+ positions across numerous markets... So I am just...

http://www.worldfinance.com/wealth-management/ftt-fears

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I have questions regarding delivery process. -I read somewhere that some futures contracts do not accept re-tendering to avoid physical delivery. Do you know what they are? Is it accepted on all CME/CBOT ags and ICE softs? -If a contract is suddenly delisted ( liquidity dries up or the...

http://www.bloomberg.com/news/2013-09-12/derivatives-would-face-transaction-fees-under-obama-proposal.html Obama administration wants an equivalent of SEC fee for CFTC.

Interesting opinion: http://www.ft.com/intl/cms/s/0/d7196aa0-1afa-11e3-b781-00144feab7de.html#axzz2em2DoUYM

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WASDE in 20 min. Forgot to post.

Apparently the lawyers of the EU are as pissed of the FTT crew on the legal level as we are on the economic justifications. Check III 16 and 20 for example. The whole document means " There were international laws and treaties before you decided to pursue FTT, they didn't disappear with the...

Not sure...During bear markets, mom and pop, pensions and those who actually vote these laws lose money, so " the market is broken", " Wall Street is running the markets amok with HFTs" and " Traders are killing mom and pop retirements with their short positions". Give them a bull market and...

Final nail in the coffin, and now all the tax staff of the EC should resign if they have just an once of self esteem.

http://www.forexlive.com/blog/2013/09/10/eu-transaction-tax-hits-a-major-legal-snag/ "Call me old fshioned, or just old, but couldn’t/shouldn’t they have sorted out the legaility of the idea first before throwing a load of Euros at the badly conceived project?" I too would like to know...

You are such an oracle http://www.reuters.com/article/2013/09/09/trading-speed-idUSL2N0H514B20130909

OK. Just found why volume didn't drop. Check out the table for derivatives. Not sure, but I think the tax amount for a stock index futures of 50000-100000 Euros notional value is 15c. The amount is fixed in Euros and not percents. It corresponds to a tax of 0.00015%. It's like a big NFA Fee. I...

Yes I saw that too. I don't know the italian law to comment. What is the tax level on MIB futures? I can't see how it can stay at that level if it is set at something like 0.01%, even with MM exemption...Or it means all the volume is just banks executing orders for really dumb clients...

I must be a real weirdo. I have never dreamt in my life of "talking to an executive".

I don't really do "fat fingers" which means entering a wrong price or a wrong quantity, but I have done my fair share of "heavy digit on the mouse" trades where you unvoluntarily click in the wrong column and buy or sell market instead of placing a limit order on the other side...But it has...

MIB Futures volume 11000 lots yesterday. Lowest volume of the last 4 weeks. Last week, daily volume between 14000 and 25000...Too early for conclusion but still... http://www.borsaitaliana.it/borsa/derivati/ftse-mib-futures/grafico.html?isin=IT0010995154&lang=en PS: By the way, those who...