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The Trading Mesh

Bradley G Lewis's Blog

Thinking about high-frequency stock trading and transactions taxes on trades

December 22, 2011 Comments (1)           

The Great Debate©: High Frequency Trading and Transaction Taxes
by Bradley G. Lewis, Prof. of Economics, Union College
This Great Debate© comes from an online discussion that occurred in an MMT discussion forum hosted by Roger Erickson.
Two bills (H.S. 3313 and S. 1787) now before Congress would impose a small tax (0.03% of the value of the security) on most purchases of securities and transactions involving derivatives beginning January 1, 2013.  There are some...