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No market-making exemption? If it's the case, at least Semeta is true to his goal, which is taxing finance. The cost for the real economy will be mind-blowing but whatever...

I think CME will reinstate the 1:15pm close, I am quite sure every pit trader has voted to cut these additional 45 minutes... but I don't know if they will recreate the pause before the main session. There is some volume during those hours with europeans and early US traders. They may lose their...

F***. I just received it too. These hours were perfect for me.

Yes, and without talking about conspiracies..., I think they had a big influence on where the market was opening after USDA release. And they lost it.

CME wants to keep extended hours( despite ABCD hedgers opinions ): http://www.chicagobusiness.com/article/20130128/NEWS01/130129804/grains-trading-pause-doesnt-make-sense-cmes-ceo There was a short survey last week about extended hours. I received it by mail and sent it back. Perhaps it's...

http://www.business-standard.com/india/news/sga-fssi-against-transaction-taxcommodity/499982/

<iframe src="http://player.vimeo.com/video/10750607" width="400" height="300" frameborder="0" webkitAllowFullScreen mozallowfullscreen allowFullScreen></iframe>

I am talking about the actual repeal which was done in haste. This tax had been there for a century, nobody was really contesting it but Sarko had a present for finance when he first got elected... Within 6 months of his election, with no debate whatsoever, he singlehandedly decided to repeal...

The current EU-11 FTT is what you call "legislate in haste"?LOL...They have been talking about it for a lifetime and it won't likely see the light before 2015...They took so much time talking about it that it will take years just to cover the cost of those debates on taxpayers( just half joking...

http://www.suntimes.com/business/17777970-420/futures-pioneer-barry-lind-struck-killed-by-car.html

Just like it takes years to actually implement it( EU FTT seen for 2015 now ...), and plenty of countries have rescinded over the years: Sweden, the US, France in 2008( "l'impôt de bourse" had a much wider scope than the current joke of a tax )...

Almost had a heart attack...Thanks. That's not FTT related. http://www.bloomberg.com/news/2013-01-24/camp-readies-draft-of-tax-changes-for-financial-products.html :)

It depends on what you call extra-territorial reach. -If it's taxing EU-11 based companies trading on worldwide exchange, it's the core of the commission's proposition, so it will be in the project. -If it's taxing every counterpart of a EU-11 company on any exchange, even in the original...

http://www.reuters.com/article/2013/01/23/us-banks-tax-idUSBRE90M19T20130123

http://www.euractiv.fr/autres/laccord-sur-la-ttf-declenche-un-debat-sur-lallocation-des-fonds-17831.html

This part is interesting: "Those based outside the tax zone – such as Barclays or Goldman Sachs – cannot be forced to pay the tax. But if their counterparty is liable, the full levy will be paid to eurozone states’ coffers, if necessary by the eurozone trading party alone. " This is...

Bad bad day indeed... Non participating countries involved in the discussions is just bullshit. The final vote will take place between participating ones. Semeta had a little smile while responding to this...The extra-territorial reach will likely be voted by participating countries... Taxing...

Source?

That's what I was doing previously, but when you try to trade high volume/small average trade strategies with lots of execs, it's hard to get the position count right with DDE links...

http://www.nytimes.com/2013/01/20/business/jeffrey-sprechers-improbable-path-to-buying-the-nyse.html?_r=0