Which isn't much of a problem if you are trading on an exchange with a central counterparty. It might be a problem for OTC trades, however.
paul rotter should be mad as hell ! how about other hi freq firms trading on eurex? anybody left who has some doubts that politicians make the worst decisions in every area? the goal is to hurt the businesses and most of the citizens as hard as possible. sadly, european people are too weak to overtrone sarkozy or merkel. fernsehen, flasche und wurste
Uk already has huge stamp duty on stock transactions, it makes no difference whether they sign or not. USA will probably follow, and the orient will become the last bastion of capitalism as it has always been.
Why is everyone talking like this is a done deal? This is merely a proposal for an EU ftt. This really isn't news as this proposal was supposed to be coming in the fall anyway. All EU countries would have to agree to this or France and or Germany could decide to go it alone (highly unlikely). There is no way the UK or a handful of other countries is going to sign onto this garbage tax. -Guru
When they have nothing concrete to say during a crisis, they just propose a FTT, which probably won't pass anyway. It's a convenient place marker.
Uh no about 75% of transaction are exempt from stamp duty because institutions and many funds are not required to pay it. It makes a HELL of a difference if all are subjected to an FTT as well as foreign exchange trades. And to the silly little noob who thinks this is funny ~ how old are you, exactly?