Transaction taxes spur technological solutions

03/19/2013 | Trade News (U.K.), The

Financial-transaction taxes in France and Italy mean traders will have to rely on technology to determine which instruments apply. "The financial-transaction taxes represent an operational challenge for financial institutions due to the complexities of identifying securities in scope and determining the level of tax on those instruments," said Anthony Belcher of Interactive Data, which launched a service to help traders navigate the environment.

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Trade News (U.K.), The

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