Financial Transaction Tax Threatens HFT in Europe

Bronislav Kandrik, head of trading, RSJ Algorithmic Trading

With protests spreading from Wall Street to other financial centers, incoming regulation, and talk of a financial transaction tax in Europe, firms using advanced technology to trade at lightning speeds are contemplating their futures. If the transaction tax became reality, would it spell the beginning of the end of high-frequency trading in Europe? By James Rundle

On September 28, the European Commission submitted a proposal for a financial transaction tax (FTT), covering all 27 members of the

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