What is eSignal doing about prop H.R. 1068?

[Patch227]

I am sure that many of you are aware that there is a proposed bill in the pipeline that would essentially stop daytrading of all US equities, futures and options. It proposes a transaction tax on both buy and sell sides.

More info here

http://www.govtrack.us/congress/bill.xpd?bill=h111-1068

and here

http://www.elitetrader.com/vb/showthread.php?s=&threadid=154348&perpage=40&pagenumber=1

I would like to know what eSignal as a company are doing about this

Thank you

[ScottJ]

Thanks for passing the information along. I wasn't personally aware of that pending legislation. We'll pass it along internally but it wouldn't be typical for us to make a public response on forums such as these.

Thank you.

[Patch227]

Than ks, that would be good. I am sure that there will be many attempts to bash us by the "kill wall street" lobby so it would be good to stay on top of them.

[gspiker]

I found this page on a search, I don't know anything about the people putting it togther, but there is a link to a FAQ page.

If nothing else, there is some reasonable text there that someone can copy and paste and send in their own letters to their elected officials.

http://www.rallycongress.com/no2tradertax/1536/tell-congres-to-block-trader-tax/

If you are making a living trading, seems like you may want to add your voice to this process.

[Loki]

Terrific post. Thanks

Loki

[billbled]

http://www.qcsoftwarehelp.com/trader_tax.htm