ASIC Ditch Tougher High Frequency Trading Rules

ASIC ditch tougher high frequency trading rules

The corporate watchdog is under pressure to ditch proposals to crackdown on high frequency trading (HFT) activity on the stock market, with the Australian Securities Exchange saying the measures would not boost market confidence.

In a submission to the corporate watchdog, the ASX said the proposal to target ‘small and flickering’ orders to restore market confidence was, based on ASIC’s own analysis, not “a problem that needs a policy response at this time”.

“Having established a regulatory framework that does not incentivise the activities of short-term traders, ASIC should be cautious about making any changes (eg narrowing ticksizes) that may shift that balance,” the ASX said.

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One Response to ASIC Ditch Tougher High Frequency Trading Rules

  1. Pingback: ASIC Ditch Tougher Figh Frequency Trading Rules

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