Toronto FIS: HFT Proponents Prompt Re-evaluation
France imposed a financial transaction tax in August of 2012. Italy followed suit in March of this year. The European Union may introduce one in 2014, though it is currently under review and will likely, if implemented, be more tepid than the French and Italian versions. These laws are aimed, at least in part, at curbing high frequency trading (HFT). So too are the 500 millisecond minimum resting times for orders contemplated by Germany and Australia.
At the Toronto Financial Information Summit
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