cudeco and high frequency trading.

Hi CDU'ers

CuDeco may get some International support with the action being undertaken to check out trading irregularities in CDU trading on the ASX.

From the USA

"Fast stock trade advantages unfair: NY AG


NEW York's attorney-general has begun investigating split-second stock trading by high-frequency traders and is asking the exchanges to end them.

Calling them "unfair" at the expense of other investors, Attorney-General Eric Schneiderman says federal and other state regulators should join in structural reforms.

While Schneiderman discussed his concerns at a symposium on Tuesday at New York University, his office began investigating such trades last year.

Advantages include extra computer network bandwidth, ultra-fast connection cables and special high-speed switches to computer servers.

He says millisecond timing advantages let those traders make "rapid and often risk-free trades before the rest of the market can catch up".

New York's attorney-general has authority to investigate and prosecute securities fraud under the Martin Act, which it has used to force Wall Street reform".


It is to be hoped that the CuDeco Shareholder Research material submitted to the Senate Inquiry on behalf of CuDeco and other companies in the ASX, brings about changes to the current system in operation.


cheers

Max