Britain says it won’t work unless it is applied world wide….well let them try it over there!
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Doesn’t the EU have enough problems selling their bullshit bonds, without taxing them also? Or is this just to try and deter selling…
It’s like these knuckleheads forget prices can be forced down without liquidating assets.
Come on Europe, this is really basic stuff here.
It really makes me shake my head at the thought of the kind of people that can get elected and remain in office while having ideas such as these.
France is willing to implement it even if no one else is? I’d love to see how their revenue model reacts to the drop in volume the day after this is implemented.
Lol, Frances tax will save Britain.
Yeah, you would think Great Britain would visit St. Francis University about the whole subject, for it’s own benefit.
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0.1% is pretty stiff. But it would have the beneficial side effect of reducing the noise generated by broken robots.
I remember an era in which technicians were able to use volume as an indication of investor interest rather than an indication that the same robots were merely trading the same shares back and forth to each other.
But that can be done much simpler without a tax that effects everyone.
Just cap the speed in which HFT can operate at. Let technology catch up and the only robots left in the market will be a few liquidity providers. No more HFT arms race.