patrick.net

 
  forgot password?   register

#housing #investing #politics more»
735,670 comments in 75,690 posts by 10,914 registered users, 6 online now: astronut97, BayAreaObserver, CBOEtrader, MMR, PaisleyPattern, YesYNot

new post

TAX TRADES

By tovarichpeter   2012 Dec 1, 9:40am   569 views   4 comments   watch (0)   quote      

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

Comments 1-4 of 4     Last »

1   Peter P   78/78 = 100% civil   2012 Dec 1, 9:58am  ↑ like   ↓ dislike   quote    

Bullshit.

2   mell   63/63 = 100% civil   2012 Dec 1, 10:07am  ↑ like   ↓ dislike   quote    

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   78/78 = 100% civil   2012 Dec 1, 10:12am  ↑ like   ↓ dislike   quote    

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   78/78 = 100% civil   2012 Dec 1, 10:16am  ↑ like   ↓ dislike   quote    

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

Comments 1-4 of 4     Last »

users   about   suggestions   contact  
topics   random post   best comments   comment jail  
patrick's 40 proposals  
10 reasons it's a terrible time to buy  
8 groups who lie about the housing market  
37 bogus arguments about housing  
get a free bumper sticker:

top   bottom   home