financial transaction tax | Traders Hideout


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financial transaction tax

  #27 (permalink)

Tallinn Estonia
 
Trading Experience: Master
Platform: MT5,MT4
Broker/Data: FP markets
Favorite Futures: Forex
 
Posts: 40 since Dec 2018
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srgtroy View Post
NYSE, NASDAQ & CME moving off shore.

look at the growing volume in the CFD marked .

Let me quote Wikipedia : They were initially used by hedge funds and institutional traders to cost-effectively hedge their exposure to stocks on the London Stock Exchange, mainly because they required only a small margin. Moreover, since no physical shares changed hands, it also avoided the stamp duty in the United Kingdom.

so if any tax is coming NYSE, NASDAQ & CME will be the biggest looser and welcome the CFDs
(anyway the best choice if you are not in the US)


I think you can put NYSE, NASDAQ & CME into the museum even without tax cuts!

My Broker is in Australia and my trading Software is connected with a Server in New York from this Broker .
Welcome to new world of Blockchains and forget a single place or centralized system . This will be more liberal and more free .


Last edited by carofa; March 6th, 2019 at 03:11 PM.
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