Italy 'killing its capital markets' with HFT tax
Tax on high-frequency trading and equity derivatives introduced in Italy
A tax imposed in Italy yesterday on high-frequency trading and equity derivatives has been described by one industry expert as extremely damaging to the country's capital markets.
Anna Pajor, a senior consultant in capital markets intelligence at consultancy GreySpark in London, says the move will cause further damage to the Italian markets following the country's introduction of a financial transaction tax on March 1, 2013. This affected all Italy-domiciled companies with a market
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