1/4% Tax on all stock trades pushed in NY Times today

Quote from krs1929:

I trade very actively,and I still would want a transaction tax to screw all the HFT..They need to go away.
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your remark is based upon lack of knowledge.
read the response below from another poster below.

an ftt will put you out of business.

after 10000 more or less posts on ftt it is hard to ponder that so called traders do not know the mathematics that shows that an ftt of even .001 would put them out of business.

____

'bigskyguy


Registered: Mar 2008
Posts: 7


05-23-12 08:37 PM

uote from krs1929:

I trade very actively,and I still would want a transaction tax to screw all the HFT..They need to go away.

be careful what u wish for....i don't think you understand the ftt... you better research it some more before you say that..."
 
Everybody should learn from the french example. I prefer HFT to FTT, no question.

In the name of making "them" pay for the financial crisis, they are involuntarily creating a 2-tier system where only banks can trade actively( market makers ). The French FTT is the biggest present Sarkozy has ever made to banks.

After August 1st, all independant small HFT firms that were gaining market share will be gone, leaving the market to traditional MMs( socgen, BNP...)
 
Quote from TraDaToR:

The French FTT is the biggest present Sarkozy has ever made to banks.
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Yep... and he thought the public's perception of the FTT as being anti-financial industry would win him the socialist vote. Brilliant in theory.

He also thought the only real competition was Strauss-Kahn who had already been conveniently disposed of with sex scandals. Thank you, NY banker friends.

IMO Hollande won because he wasn't Sarkozy... the French people would have voted for a monkey as long as it wasn't Sarkozy... this was Sarkozy's miscalculation.

Merkel has the same death sentence as Sarkozy... and I believe she is also beating the FTT drum to get votes.
 
Quote from krs1929:

I trade very actively,and I still would want a transaction tax to screw all the HFT..They need to go away.
More...

I guarantee you will be out of business with FTT.

I swing trade, about 20 trades per month in 7 markets and this would put me out of business.
 
Malta

MEP David Casa lobbies for rejection of financial transaction tax

"Mr Casa also criticised the Commission’s impact assessments, pointing out that it first suggested there would be a significant loss in GDP, and when criticism mounted, the Commission adjusted it to show the opposite."

http://www.independent.com.mt/news.asp?newsitemid=144880
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I think Casa is the first official to publicly note that. Was he inspired by the comment that i made in the Malta newspaper pointing out that contradiction of the EU Commission's newly fabricated study? Just a slight chance of that encourages me to keep writing after making hundreds of comments.

Elsewhere, an eager zealot, an officer of an EU charity salivating over the imaginary billions, finally shut up after i provided the link to financialtransactiontaxes.com
 
Quote from andohmeeta:

------http://www.huffingtonpost.com/2011/12/16/financial-transaction-tax-obama-2012_n_1153841.html
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Old article...

"First Posted: 12/16/11 02:25 PM ET Updated: 12/16/11 02:25 PM ET"
 
Quote from BA_Trader:

Old article...

"First Posted: 12/16/11 02:25 PM ET Updated: 12/16/11 02:25 PM ET"
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Sorry, someone sent us two links - below is the current story:-

----http://www.independent.co.uk/news/business/comment/anthony-hilton-a-financial-transactions-tax-may-not-be-so-bad-7789318.html
 
The Danish Presidency is pursuing two parallel options: that of "alternative solutions" to the FTT (tax on financial activities, bank levies, etc), which are set to be examined by the experts on 1 June, and that of a light FTT.

Copenhagen suggests that the scope of the tax could initially be limited to trading in shares and bonds on the secondary market and "possibly" to undertakings for collective investment. Only at a later stage should it "possibly" be extended to derivatives.

http://www.europolitics.info/econom...cy-admits-its-powerlessness-art335626-30.html
 
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