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.
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.