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China to Impose Fee on Cancelled Orders

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Lobo
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China to Impose Fee on Cancelled Orders

Post by Lobo on Mon 04 Jan 2016, 3:29 pm


China to Impose Fee on Cancelled Orders

Posted on January 4, 2016 by Martin Armstrong

China is taking a unique approach to regulating markets. They are looking to impose a tax or fee per order to prevent traders from flooding exchanges with orders they don’t fill by charging market participants fees for habitual cancellations. This scheme would not take effect until 2017. This is clearly targeting the high-frequency traders. This proposed new legislation has been behind the sell-off today.

This entry was posted in China's Current Economy and tagged Cancelled Order Fee, China by Martin Armstrong. Bookmark the permalink.

    Current date/time is Tue 24 Jan 2017, 3:20 pm