ASIC deputy chairman Belinda Gibson says automated trading needs robust controls. The corporate watchdog has blamed high-frequency trading for a big jump in the number of issues referred for investigation in the June half-year.
“This type of trading, and algorithms generally, continue to be of concern,” Ms Gibson said. “The measures we are proposing will strengthen our protection against the type of disruption we have recently seen in other markets.”
via Plans for curbs on high-speed share trading | The Australian.
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients.
Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter.
Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
about time,they are killing me
HFT has turned the world stock market system into a casino where the dice are loaded in favour of the privately owned exchanges and the HFTraders. It has nothing to do with investing.