The proprietary daytrading environment in Europe seems to be most derivatives and currencies, instead of equities like it is here in North America. I was wondering if there are traders out there that can shed some light on this topic from the view of a high frequency daytrader, not swing traders. Is this because of fees, lack of volatility, regulation etc. Any help would be appreciated.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Daytrading in Europe
- Thread starter tradin33
- Start date
It's not the countries involved, it's the exchanges. Many Europeans trade NYSE and Nasdaq, but not stocks on their own exchanges...lack of liquidity and reporting requirements are a couple of things cited for this.
Don
Don
I remember someone mentioning that in the UK there's a tax issue that makes daytrading equities very unattractive relative to futures and forex.
Quote from JangoFolly:
I remember someone mentioning that in the UK there's a tax issue that makes daytrading equities very unattractive relative to futures and forex.
I believe the stamp tax is only an issue if you are trading for a firm that is not a member of the LSE, but I could be wrong.
Quote from Don Bright:
It's not the countries involved, it's the exchanges. Many Europeans trade NYSE and Nasdaq, but not stocks on their own exchanges...lack of liquidity and reporting requirements are a couple of things cited for this.
Don
Do you think that the european "old school" mentality is the reason that they have not "got with the times" to provide easier access to the little guy. Higher exchange fees and reporting requirements will definetly keep the daytraders out of there markets. I just find it odd, that if a North American equity daytrader where to move to Europe, that they would have to resort to trading the domestic markets back home or else change to derivative products. I know that this isn't the end of the world, but you would think that at least some european equity markets would be daytrader friendly, but you don't hear of too many people doing it.
Quote from tradin33:
Do you think that the european "old school" mentality is the reason that they have not "got with the times" to provide easier access to the little guy. Higher exchange fees and reporting requirements will definetly keep the daytraders out of there markets. I just find it odd, that if a North American equity daytrader where to move to Europe, that they would have to resort to trading the domestic markets back home or else change to derivative products. I know that this isn't the end of the world, but you would think that at least some european equity markets would be daytrader friendly, but you don't hear of too many people doing it.
Too many small exchanges developed over the years. With the advent of Euronext we are starting to see more activity..ive it a couple of years.
Don