Mrs. Clinton’s plan to tax high-frequency trades is intended to curtail certain trading activity, not to raise tax revenue, the campaign said.No word yet from Hillary's son-in-law on this story.
To curb such trades, Mrs. Clinton is backing a new tax on order cancellations that is meant to target these practices.
High-frequency traders use computer algorithms to place blizzards of buy and sell orders, many of which they instantly cancel, in an effort to detect and exploit small shifts in demand for stocks. The Clinton campaign said that the flood of orders, driven not by investors evaluating stocks but by computers, “has unnecessarily burdened our markets and enabled unfair and abusive trading strategies.”
Thursday, October 08, 2015
Clinton Proposes Curbs on Wall Street .
The Wall Street Journal reports:reports:
