ASIC: HFT Not to Blame for Price Swings
In a new consultation paper, ASIC says HFT has been blamed for the general increase in the use of trading technology and proposes increased supervision of dark trading and restrictions on small fleeting orders.
"One of ASIC's priorities is ensuring markets are fair and efficient," says Belinda Gibson, deputy chairman of ASIC. "Dark trading is now occurring in smaller sizes that are similar to lit exchange markets and for some securities this has influenced their price. ASIC uncovered some
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