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Why Tobin tax will avert the next flash crash

  • Issue No 2

This inaugural issue of Financial Markets examines the implications of high frequency trading (HFT) and proposes that regulators in Asia consider introducing a Tobin tax on all financial transactions across all asset classes. We also look at how HFT has impacted global spot foreign exchange venues and review recent initiatives for a super-repository servicing derivative markets. On the clearing and settlement space, we interviewed a senior executive from an international central securities depository and technology vendor.