SEC to Nearly Double Equity Transaction Fee
- Thread starter Toonces
- Start date
sounds like its only for stuff that trades on the stock exchanges, so no futures or options would be effected. Its one more thing to add to the "switch to futures" column.
Hurry because they intend to change futures also for example by requiring 50000$ for opening an account and why not like PDT you won't be able to trade each time you will be under 50000$.
Don't forget the market has not been created for the wealth of speculators but it organisers if you don't understand it remember the caricature of the virtual stock exchange that has the "honesty" to alert of their restart game rule
:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=13378&perpage=6&pagenumber=1
Don't forget the market has not been created for the wealth of speculators but it organisers if you don't understand it remember the caricature of the virtual stock exchange that has the "honesty" to alert of their restart game rule
:http://www.elitetrader.com/vb/showthread.php?s=&threadid=13378&perpage=6&pagenumber=1
SPAN margin requirements are determined by volatility. Its a math formula. The CME website has a section describing it. The increase is not that great anyway. It happens on any product that gets hot, wheat for example. No conspiracy. Also it is not a cost to the transaction like the hated SEC fee hike. Its just margin.
Futures ARE designed to be the trading vehicle. You use futures to profit from price variations. In futures, you either can unload risk (as a hedger) or take it on (as a speculator). If you want to actually own something, you can buy the underlying (gold, for example).
Its now the same with stocks. If you want quick exposure to stock price variations (either to hedge it or to trade it), use index futures or SSFs. If you want to be an investor, buy the stock. The signal being sent is clear. Guess its part of the plan to make stocks and options even less attractive.
Quote from omcate:
Well, I guess when there is a huge Federal or State deficit, the government will keep on increasing the taxes, service fees, etc. For example, the fine for traffic violation in NYC and the finger-printing fee at INS have been doubled too. The property taxes at NYC have been increased recently.
How true. I watched this phenomenon (socialism rising to power and destroying a country through taxes, fees, increase in the number of laws and failure to enforce any of them, corruption in general) in Europe and came to the US to escape it. I guess the joke's on me.
BTW, the fingerprinting fee is not the only fee that has doubled. Sometimes I wonder why nobody sues the government for charging a fee in the amount of an average monthly salary to submit a form that will sit there for a couple of years until a monkey takes a hasty glance at it and stamps it.
I'm not surprised the worthless SEC who claims to "protect the average investor" is looking to exthort more money from the average investor. Politicians are good for one thing and that is separating a man or woman from their hard earned money.
I guess someone has to pay for the "War in Iraq." The SEC is bs and it should look to get it's funding from some place else. I'm long China and short the USA. Throwing money at the US gov. is the same thing as throwing money into a black hole b/c your never going to see it again. Maybe you'll see a new pair of Air Jordan's on the feet of some welfare recepient but that's about it. I'm thinking of trading remote, really remote. Out of the reach of the greedy and corrupt US gov. and their BS.
BMW
I guess someone has to pay for the "War in Iraq." The SEC is bs and it should look to get it's funding from some place else. I'm long China and short the USA. Throwing money at the US gov. is the same thing as throwing money into a black hole b/c your never going to see it again. Maybe you'll see a new pair of Air Jordan's on the feet of some welfare recepient but that's about it. I'm thinking of trading remote, really remote. Out of the reach of the greedy and corrupt US gov. and their BS.
BMW