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Trading Tax Proposal in Congress Rankles Street

Traders Magazine, January 2010

Gregory Bresiger and Peter Chapman

A bill introduced by Rep. Peter DeFazio, D-Ore., to tax trades on stocks and derivatives has trading executives uneasy, but in fighting mode. "I'm not pleased with the progress of this bill in Congress," Bob Greifeld, chief executive at Nasdaq OMX, said at a recent meeting with investors, sponsored by Goldman Sachs.

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