Commentary: U.K.'s proposed HFT tax is a bad idea

07/27/2013 | Fidessa

U.K. lawmakers are misguided in thinking that taxing high-frequency trading is a good idea, writes Steve Grob, director of group strategy at Fidessa. HFT is essential to keeping markets liquid, Grob writes. Also, because HFT is ill-defined, taxing it would only lead traders to find a way around, he writes.

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