Bloomberg News

EU Finance Tax Could Cut High-Frequency Trading, Bergmann Says

October 04, 2011

Oct. 4 (Bloomberg) -- A proposed European tax on financial transactions could cut high-frequency trading by as much as 90 percent “in some market segments,” Manfred Bergmann, a European Commission official, said in a speech in Oxford, England, today.

The tax could “re-establish a link with the non-financial economy and consolidate inflated volumes,” Bergmann said, citing a commission study.

To contact the reporter on this story: Ben Moshinsky in Brussels at bmoshinsky@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net


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