If this passes market go bye byehttps://twitter.com/talesmelodicpts/status/1361806203647520769 …
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I mean. I suppose but at the end of the day liquidity in the standard sense of measurement (width of bid-ask) would likely decrease substantially, especially on fairly liquid tickers, no?
Yes but the quoted bid-ask is not the main cost you pay when executing an order — the price slippage is. Saw an article earlier today which said you can frequently trade 1% of ADV in SK at the top of book price — that never happens in US.
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I thought your whole thing re: liquidity was that trading moves the price more than it used to (eg thinner books, orders being pulled when the price moves toward them etc). A transaction tax fixes some of that (with other costs of course).
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I'm not tracking why a transaction tax fixes that.
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