Re:Putting the Brakes on High Frequency Trading
by rdm70 on Wednesday October 03, 2012 @10:20PM
(#4610607)
Unintended consequences alert: read up on the UK stamp duty on UK equity trades. Goldman Sachs creates a derivative security matching the return of the underlying equity that you can trade with GS and avoid paying the stamp duty. Net result: GS makes money, less liquidity for the average investor. Rock on transaction taxes.
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Re:Putting the Brakes on High Frequency Trading
by moe on Wednesday October 03, 2012 @11:05PM
(#4610711)
Goldman Sachs creates a derivative security matching the return of the underlying equity
So Goldman Sachs is using a loophole, how surprising.
What is your point, though? Should we not make laws that can potentially have loopholes?