3 ms·
Is the $50b/year figure estimated after assuming the 'unproductive and rent seeking' HFT volume is eliminated?
by karkari 3y ago
Is the $50b/year figure estimated after assuming the 'unproductive and rent seeking' HFT volume is eliminated?
- gnopgnip 3y agoYes, that estimate is with the greatly reduced HFT volume. And it may not be 100% accurate, HFT and trading in general could move to another market without these taxes and/or switch to a type of derivative with a lower/no tax. Like the UK, for swaps. But these other markets are smaller and not really a replacement. And these other markets may pass similar taxes in the future.