Mining Boss, Terry Burguess, Raises Alarm on High-frequency Trading

ZAH_burgess_LN-20130124215701858102-300x0According to Business Day’s Peter Ker, fears that high-frequency trading might be undermining the integrity of the Australian sharemarket have resurfaced, with OZ Minerals boss Terry Burgess revealing concerns that his company’s share price may be falling victim to the controversial practice.

High-frequency trading allows participants to execute thousands of trades a second, and the strategy has roused concerns among market regulators and governments worldwide.

The trend has forced the Australian government and corporate regulator the Australian Securities and Investments Commission to consider new trading rules, and Mr Burgess added his name to the list of concerned parties on Thursday.

”I have to say the share price has been extraordinarily volatile over the last few weeks and we are uncertain about some of the things that are going on,” he said.

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One Response to Mining Boss, Terry Burguess, Raises Alarm on High-frequency Trading

  1. Pingback: Mining boss raises alarm on high-frequency trading

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