China is considering increasing stock exchange fees on HFT by a massive factor of x10

Bloomberg had the report, ICYMI.

Bloomberg is gated, but in brief:

• China is considering a fee hike of at least tenfold on high-frequency trading
• Chinese authorities deem some quantitative strategies a threat to fairness in the nation’s retail investor-dominated stock market
• Consultations have taken place between the China Securities Regulatory Commission (CSRC) and the country’s stock exchanges and some market participants
• Draft plans are to raise a 0.1 yuan (1.4 cents) fee on buy and sell orders to at least 1 yuan if the transactions meet the threshold of high-frequency trading

This article was written by Eamonn Sheridan at www.forexlive.com.