Tag Archives: ASIC

ASIC Claims Fears about High-Frequency Traders in Australia Appear to be Largely Exaggerated

The corporate regulator says fears about high-frequency traders in Australia appear to be largely exaggerated, but some trading practices are forms of market manipulation. The Australian Securities and Investments Commission has released its much anticipated report on the impact of … Continue reading

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

According 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 … Continue reading

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Could High Frequency Trading Lead To Our Own ‘Flash Crash’?

The dangers of massive high frequency trading are becoming increasingly clear in equity markets. Greg Medcraft, the chairman of corporate regulator ASIC, confirmed to a Federal parliamentary committee: “Regulators around the world are very concerned about the systemic risk on … Continue reading

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ASIC Has Plans to Light Up the Dark

Leo Shanahan writes in The Australian that stockbrokers face increased reporting requirements over suspicious market behaviour under draft guidelines issued yesterday by the Australian Securities & Investments Commission. The ASIC consultation paper revealed new rules governing “dark-pool” trading to address … Continue reading

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Sloppy Algorithms Raise Ire of Australian ASIC Regulators

As reported by CFTC Law’s Elan Mendel, the Australian Securities and Investments Commission (“ASIC”) released a market report this week which included comments on “problematic algorithms” used in high-frequency trading software. Unlike U.S. CFTC Commissioner Bart Chilton, who has been very vocal … Continue reading

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