![]() That the market will find a way to dodge any such legislation. Are they proposing to tax firms trading in the UK, those trading in UK stocks from abroad, those trading the derivatives of those instruments? The challenges of extraterritoriality will ensure Finally, and perhaps incidentally, it won’t work. Yes, some people break the rules (as they do in every walk of life) and when they get caught they are What about electronic market makers that basically provide the oil that lubricates nearly every market worldwide? Second, there is no definitive proof that HFT is actually harmful to markets - yet again I fear this is politicians trying to leap on the populistīandwagon of "doing something" about the finance industry. The politicians say they want to prevent investors taking very short-term positions - but what about day traders, ![]() As everyone knows, HFT has no formal definition. For a start, any tax aimed at changing behaviour needs to be veryĬlear about what behaviour it is targeting and the preferred outcome it is trying to achieve. Chairman of Joint Chiefs Milley says he was wrong to play a role in. They must have been drinking more sangria than I have over the past few weeks. Iran Issues Arrest Warrant To Prosecute Donald Trump Even After His Presidency Ends. Gently easing my way back into the daily grind after my annual vacation I came across the report that
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