unacceptable asx market practices warning, page-13

  1. 6,757 Posts.
    State One were notably convicted of this sort of behavior themselves recently (at the more serious end of the scale they employed day traders to offload placement stock via wash sales etc).

    At the smaller end its pretty difficult to judge the intent of a trade or order objectively. Small orders at end of a day may be just someone finishing off an order at whatever price, and there's no law against changing your mind and pulling an order for whatever reason.

    They could fix most of the problems here by allowing visibility of broker codes - then anyone could see who was an institutional buyer and who was an e-trader pretending to be. Of course transparency is the last thing they really want so it will never happen.

 
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