is asx down?, page-7

  1. 15,276 Posts.
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    Maybe...

    The ASX has given itself a please explain regarding the lack of accountability of ASX transactions...particularly in relation to HFT, associated shorting stings and wider market manipulation.

    They have asked themselves to respond or they will suspend themselves.

    In their initial response they have stated they cannot respond to themselves in the allotted timeframe, as they need to ask permission of the HFT's first.

    They can't find the HFT's...but last time they looked they were over near those "black boxes" in the corner of the ASX office, busy doing something with screw drivers and electric wires.

    The HFT's have previously told the ASX...collectively...to tell themselves that HFT's are good for liquidity, market discovery and well...ummm...we all need them because...well, just because.

    The ASX is considering their own response to their difficult questions, and may take action on themselves if they feel they have not answered themselves to their own satisfaction.

    Lets hope they finally crack down on themselves...
 
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