EUROPE - European pension funds and asset managers could be deeply impacted by the introduction of the Financial Transaction Tax (FTT) - also known as the Tobin Tax - as transaction costs could soar by 18 times, a new report has warned. The study published by the Global Financial Markets Association (GFMA) suggests the cost of foreign exchange trading would jump by 3-7 times and by as much as 18 times for the most traded part of the market if the European Commission ...
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