Recent content by Halo

aha!!! My good friend google... True Nature of Europe?s Financial Transaction Tax Revealed February 21, 2013 - CME Group

the b*ggers will probably pursue the Exchange to collect - they collect Exchange fees all the time and it would be difficult for a regulated Exchange to say 'No'... It's all a massive pain in the ar5e. Hopefully it will just rot and die in the EU 'bad ideas' bucket... the other 'positive'...

Unfortunately I think the EU will impose the tax on Bund futures (for example) based on the issuance of the underlying - in this case German bonds... and therefore pursue tax revenue.. That said, I cannot for the life of me see how they can organise the infrastructure before 2014! But how...

I hate to sound like a doom-monger.. but this is a lot of people's living! I'd love to know what everyone else is hearing.. and I'd love for this not to be the case!!!

If it's an Exchange trade then I guess it's pretty easy, Eurex or XETRA - or a I guess NYSE LIFFE Euronext could levy the charge as so it would get a US counterparty that way. I believe the tax language will contain language around 'issuance' and 'residence' to try and capture global traffic...

In Italy there's a preliminary tax (will be replaced by the EU wide one) on Equities which has 3 bands - High Frequency T, OTC and Exchange (in descending order of %rate). Be interested to know if this has hit liquidity??

I agree with all your points - but I'm not sure that it will require a global agreement. The political will in Europe seems to be quite strong ... and we all know that they are happy to defy logic and common sense in good old EuroLand. From speaking to some people closer to this they are...

not such a bad shout. more civilised, less tax.

Hello.... I'm informed that the EU published it's plans for a Commission wide Financial Transaction tax that would kick in next year (2014). It looks very, very worrying if I'm reading things correctly. I understand that the proposed rates are 0.1% for shares/bonds and 0.01% for...

Both really - Banks and their customers such as funds/corporates/institutions use ex. traded products heavily but also FRA's, Swaps, Depo's etc....the OTC/cash products are still big business and it's worth mentioning that where a decent, liquid listed STIR doesn't exist e.g. on en emerging...

At the risk of sounding simplistic: Big pot of cash + Proprietary risk & speculative positions based on a trading model of your choice + Risk Management Are you asking how to get the big pot of cash? That's up to you - but clearly investors will want returns and security demonstrated by...

"Skills required are the same as stockbroking" Ha f****ing Ha. You may as well apply for a double glazing sales job if you think this will get you any closer to the markets

there was a shop like this in Canary Wharf... funny enough they kept 'moving' offices... Sure is hot in the Boiler Room

If it's possible i.e timewise/financially to scale up your personal trading while continuing your career (which sounds reasonably flexible?) then that may be a good step. To be entirely honest there is such a good flow of fresh graduates/recruits into the City that your realistic chances of a...

Guess not being of Indian origin rules me out! It's a shame because from what I can see it might be a good fun market to punt around in... Thanks a lot for the reply though combotrader - really appreciate it. Cheers,