This tax affects all futures trade big time

Discussion in 'Index Futures' started by leela, Dec 3, 2009.

  1. leela


    It is for huge stock trades and all futures trades.

    The measure would be based on legislation DeFazio proposed in the House that would apply a tax of 0.25 percent or 25 basis points to stock transactions in excess of $100,000, and a levy of 0.02 percent or 2 basis points on derivatives including futures, options, swaps and credit default swaps.