I am concerned about the upcoming German elections. France introduced the FTT in the run up to the elections, though the socialist spiel has more traction there.
1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
I am concerned about the upcoming German elections. France introduced the FTT in the run up to the elections, though the socialist spiel has more traction there.
Almost had a heart attack...Thanks. That's not FTT related.
http://www.bloomberg.com/news/2013-...ft-of-tax-changes-for-financial-products.html
http://www.bloomberg.com/news/2013-...ft-of-tax-changes-for-financial-products.html
I posted this information in another related thread and thought I should also post it here:-
You might be interested to know that there is a new London derivatives exchange called NASDAQ OMX NLX that will be open for trading from April 2013 with initial product offerings in Bobl, Bund and Schatz futures amongst others. I have emailed NLX with other product suggestions that they are not currently offering from April.
http://www.glidetechnologies.com/trading/nlx/
If German politicians want to kill Eurex by introducing a FTT then hopefully London based exchanges such as Liffe and NLX can fill the void. Prior to Eurex introducing electronic trading in Bund futures in the 1990s the bulk of the Bund trading was conducted on Liffe. So there is certainly a precedent for such a shift between London and Frankfurt. I can't see how the FTT bloc can tax trading on a London exchange without the UK's approval, and infact it is potentially a great business opportunity for London based exchanges.
As traders, it is in our mutual interest for the new NLX exchange to be a financial success so I will be looking to trade on NLX in German derivatives and suggest others do the same.
You might be interested to know that there is a new London derivatives exchange called NASDAQ OMX NLX that will be open for trading from April 2013 with initial product offerings in Bobl, Bund and Schatz futures amongst others. I have emailed NLX with other product suggestions that they are not currently offering from April.
http://www.glidetechnologies.com/trading/nlx/
If German politicians want to kill Eurex by introducing a FTT then hopefully London based exchanges such as Liffe and NLX can fill the void. Prior to Eurex introducing electronic trading in Bund futures in the 1990s the bulk of the Bund trading was conducted on Liffe. So there is certainly a precedent for such a shift between London and Frankfurt. I can't see how the FTT bloc can tax trading on a London exchange without the UK's approval, and infact it is potentially a great business opportunity for London based exchanges.
As traders, it is in our mutual interest for the new NLX exchange to be a financial success so I will be looking to trade on NLX in German derivatives and suggest others do the same.
I kinda hope that they actually do it, then once the real revenue will be like 10% of what they were expecting and all trading will be shifting to other locations, this stupid idea will be dead once and for all.
I say kinda, because I would hate traders like myself getting hurt in Europe.
I say kinda, because I would hate traders like myself getting hurt in Europe.
Quote from benwm:
I posted this information in another related thread and thought I should also post it here:-
You might be interested to know that there is a new London derivatives exchange called NASDAQ OMX NLX that will be open for trading from April 2013 with initial product offerings in Bobl, Bund and Schatz futures amongst others. I have emailed NLX with other product suggestions that they are not currently offering from April.
http://www.glidetechnologies.com/trading/nlx/
If German politicians want to kill Eurex by introducing a FTT then hopefully London based exchanges such as Liffe and NLX can fill the void. Prior to Eurex introducing electronic trading in Bund futures in the 1990s the bulk of the Bund trading was conducted on Liffe. So there is certainly a precedent for such a shift between London and Frankfurt. I can't see how the FTT bloc can tax trading on a London exchange without the UK's approval, and infact it is potentially a great business opportunity for London based exchanges.
As traders, it is in our mutual interest for the new NLX exchange to be a financial success so I will be looking to trade on NLX in German derivatives and suggest others do the same.
Great news! Derivatives can be created anywhere and it's good to see Nasdaq already on the ball. Hopefully they'll extend to other Eurex products as well.
do you have a problem reading?
"
"legislate in haste, repent in leisure."
it could be years if enacted. the UK, India, hong kong all have stamp taxes. india has been talking about rescinding for years. it has never happened."
fyi The Swedish financial transaction tax was a 0.5% financial transaction tax (FTT) applied to equity securities, fixed income securities and financial derivatives between 1984 and 1991.