"In a world of High Frequency Trading and black box trading that does nothing but create a platform for “financial hackers” to turn the market into their own proprietary financial playground, we need to figure out a way to revert the Stock and Bond Markets, and the derivative instruments created from these equities, back to their original purpose, a place to raise capital for growing business.
The simplest way to change this is to place a very simple per share tax on every transaction. 10 cents a trade. Every share. Every option. Every Bond. Every currency transaction. Every trade."
The simplest way to change this is to place a very simple per share tax on every transaction. 10 cents a trade. Every share. Every option. Every Bond. Every currency transaction. Every trade."
— My Soapbox Advice to the OWS Movement and then some - Mark Cuban (via apoplecticskeptic)
(via apoplecticskeptic)
11:31pm |
URL: http://beyondtheepiphany.tumblr.com/post/11466366007/in-a-world-of-high-frequency-trading-and-black-box
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