Yes. It was worse in the "good old days". The cost of trading was much higher and the people that felt that were the people who needed the market to make the w

Yes. It was worse in the "good old days". The cost of trading was much higher and the people that felt that were the people who needed the market to make the world work (risk management, investment etc.) Markets make the world a better place (it's not a new idea), and more efficient markets are better than less efficient ones. > If not, how about a per-transaction tax on securities trades, one that wouldn't be out of line for individual investors, Why do you want my pension fund to spend more of my money on trading costs?