bill going to congress that could kill high-frequency trading & most prop trading

[thisguy]

"Let Wall Street Pay for Wall Street's Bailout Act of 2009"

http://thomas.loc.gov/cgi-bin/query/z?c111:H.R.1068.IH:


Estimate the costs to your trades with a total 0.5% tax to each trade (in & out). Whom of us could continue to trade with such a large tax per trade?

 

[cstfx]

How many different threads do we need about this?

 

[Magna]

Here's links to three other threads on the same topic:

Transaction Tax Bill has now been introduced

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

**ATTENTION** Transaction Tax