I can assure you with 100 percent certainty that Rentech et al will relatively thrive with the trading tax.
This tax will reduce liquidity perhaps, make the market pricing inefficient (larger spread). This will hurt mutual funds the most by increasing their baseline costs. Which in turn will hurt pension funds, endowments, etc.
RenTech and others will thrive in the midst of those inefficiencies.
This tax will reduce liquidity perhaps, make the market pricing inefficient (larger spread). This will hurt mutual funds the most by increasing their baseline costs. Which in turn will hurt pension funds, endowments, etc.
RenTech and others will thrive in the midst of those inefficiencies.