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financial transaction tax

  #12 (permalink)

Chicago, IL
Posts: 45 since May 2018
Thanks: 49 given, 43 received

so if i buy and sell 1 ES contract which has a notional value of $135,000, I have to pay $270 in tax? (0.1% tax)


so i'd have to go 22 ticks in profit just to break-even? surely that can't be right.

but in the case that FTT actually passes in the US, it should only increase costs for US traders, right? if i am for example, a Singapore citizen, trading through a US futures broker, would the FTT affect me or is it something that's passed along to anyone placing trades through a US exchange?

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