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.