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Search: Posts Made By: canoekoh

Forum: Traders Hideout

February 3rd, 2020, 01:44 PM

Replies: 60

financial transaction tax

Views: 16,471

Posted By canoekoh

it's 0.01% of the notional value of the contract....

it's 0.01% of the notional value of the contract. and importantly, it's applied per-transaction.

to take your example, FDAX's current notional value is 326125 euros for 1 contract.

0.01% is...

Forum: Traders Hideout

January 21st, 2020, 12:52 PM

Replies: 60

financial transaction tax

Views: 16,471

Posted By canoekoh

indeed there were already multiple threads going...

indeed there were already multiple threads going crazy about it on elitetrader.

too many ppl saying that our fears of FTT are overblown when it's just not true.

if you think the US is an...

Forum: Traders Hideout

December 11th, 2019, 01:13 PM

Replies: 60

financial transaction tax

Views: 16,471

Posted By canoekoh

so it's as we feared - market-making prop...

so it's as we feared - market-making prop firms/banks will get exemptions and retail traders will get killed.

Forum: Traders Hideout

March 6th, 2019, 03:54 AM

Replies: 60

financial transaction tax

Views: 16,471

Posted By canoekoh

Possibly, but banks and hedge funds can simply...

Possibly, but banks and hedge funds can simply buy/sell otc total return swaps if worse comes to worst with which they would pay 0% FTT given how these artificial instruments are structured. And this...

Forum: Traders Hideout

March 5th, 2019, 12:07 PM

Replies: 60

financial transaction tax

Views: 16,471

Posted By canoekoh

as FTT news is thrust in front of the public more...

as FTT news is thrust in front of the public more and more, it will gradually gather momentum and support among the public, whose conception of a FTT amounts to little more than a "extra tax for the...

Forum: Traders Hideout

February 8th, 2019, 06:11 AM

Replies: 60

financial transaction tax

Views: 16,471

Posted By canoekoh

so if i buy and sell 1 ES contract which has a...

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)

what?????

so i'd have to go 22 ticks in profit just to break-even? surely that...

Showing results 1 to 6 of 6

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