TAX TRADES


By tovarichpeter   Follow   Sat, 1 Dec 2012, 5:40pm   236 views   4 comments
In South San Francisco CA 94080   Watch (0)   Share   Quote   Permalink   Like   Dislike  

http://www.washingtonpost.com/opinions/ralph-nader-why-a-tax-on-stock-trades-should-be-part-of-a-fiscal-cliff-deal/2012/11/30/d6a1285e-3a38-11e2-8a97-363b0f9a0ab3_story.html?hpid=z1

Sent from my iPad

Viewing Comments 1-4 of 4     Last »     See most liked comments

  1. Peter P


    Follow
    Befriend (4)
    118 threads
    18,239 comments

    1   5:58pm Sat 1 Dec 2012   Share   Quote   Permalink   Like   Dislike  

    Bullshit.

  2. mell


    Follow
    Befriend (7)
    267 threads
    3,377 comments
    San Francisco, CA

    2   6:07pm Sat 1 Dec 2012   Share   Quote   Permalink   Like   Dislike  

    Yeah the way it stands it's bs. They could have though a very small fractional transaction tax so that HFT pay their share instead of illegally front-running the rest. Also every bid and ask has to stand long enough so that a non-HFT algo or human can act on it.

  3. Peter P


    Follow
    Befriend (4)
    118 threads
    18,239 comments

    3   6:12pm Sat 1 Dec 2012   Share   Quote   Permalink   Like   Dislike  

    mell says

    Yeah the way it stands it's bs. They could have though a very small fractional transaction tax so that HFT pay their share instead of illegally front-running the rest. Also every bid and ask has to stand long enough so that a non-HFT algo or human can act on it.

    I am still against any form of transaction tax.

    However, making every bid and ask stand for at least 1 second can make the market better over time.

    But HFT is not sustainable anyway. The algorithms may collapse on its own. Perhaps nothing needs to be done. The only worrisome thing is the potential bailout by the taxpayers...

  4. Peter P


    Follow
    Befriend (4)
    118 threads
    18,239 comments

    4   6:16pm Sat 1 Dec 2012   Share   Quote   Permalink   Like   Dislike  

    Black swans are showing up at higher frequencies (no pun intended) not only because of HFT. Things that happening faster simply because of networking technologies. Can we blame it on Al Gore?

    I think we must learn to profit from black swan events.

    http://www.amazon.com/Antifragile-Things-That-Gain-Disorder/dp/1400067820/ref=la_B000APVZ7W_1_1?ie=UTF8&qid=1354413720&sr=1-1

tovarichpeter is moderator of this thread.

Email

Username

Watch comments by email
Home   Tips and Tricks   Questions or suggestions? Mail p@patrick.net   Thank you for your kind donations

Page took 36 milliseconds to create.