The Matrix, but with money: the world of high-speed trading - Ar. It sounds like something out of The Matrix: a giant, world-spanning electronic network where high-powered machines, some of them using GPUs to gain a speed advantage, run secret, rapidly-evolving software algorithms that battle it out for profits in a high-stakes game of cat-and-mouse, attack-counterattack, that yields some $21 billion a year for the winners and can spell ruin for the losers.
Except that it's not The Matrix—it's the stock and commodities markets, and the fact that these markets mainly consist now of computers trading against one another has been brought closer to the public's attention by last month's alleged theft of Goldman Sachs' proprietary trading code. Press reports of trading days that end with big gains or losses are typically accompanied by shots of a trading floor where young traders are either euphorically throwing papers into the air (up days) or staring dejectedly at a stock ticker with hand pressed to forehead, shoulders slumped in defeat (down days). High frequency trading : the new cash cow. Commitments of Traders. The Commitments of Traders (COT) reports provide a breakdown of each Tuesday’s open interest for markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC.
Please see the official Release Schedule for a calendar of release dates. Reports are available in both a short and long format. The short report shows open interest separately by reportable and nonreportable positions. For reportable positions, additional data is provided for commercial and non-commercial holdings, spreading, changes from the previous report, percents of open interest by category, and numbers of traders. The long report, in addition to the information in the short report, groups the data by crop year, where appropriate, and shows the concentration of positions held by the largest four and eight traders. Traders Accounting. The Tax Department at Traders Accounting offers a variety of services for those active in day trading, from tax consulting to the actual preparation of day traders taxes.
Thousands of active day traders are taking advantage of Traders Accounting's industry knowledge, experience, and understanding. We are offering you, as a member of Traders Lab, the opportunity to take advantage of our tax preparation services. Just for Traders Lab members, we are waiving our new client set-up fee, a $100 dollar value! Let Traders Accounting's knowledgeable and experienced accountants take care of your tax returns so you can spend your time doing what's important: day trading.
This offer is available for those trading as an individual as well as those trading within business entities. You can get started today for a $600 deposit per return. Tax Issues of Trading Commodities and Futures. You are required to file taxes on your profits from trading commodities and futures.
You will learn the requirements, issues and the step by step process of filing taxes on trading commodities. Taxes On Commodities Trading May IncreaseCommodities traders have enjoyed a favorable tax treatment since 1981. Commodities futures contracts are taxed on a 60/40 basis, where 60 percent of the gains are taxed as long-term gains and 40 percent of the gains are taxed as short-term gains. This may change as new tax proposals may eliminate this favorable tax treatment for 2010. Commodities Favorable Tax Treatment Over StocksMany traders like trading commodities for the leverage, but commodities can also have some preferential tax treatment when you compare futures contracts to stocks. Commodity Trader Tax Guide - Review of Greens 2008 Trader Tax GuideTax guide for filing taxes with issues related to trading commodities and futures. Trading Connections. Trading.
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