jojosydney - re bots, page-22

Perhaps the ASX surveillance/supervision team or the ASIC might be interested to have a look at this article in the Business section of the Australian today. (Page 21)

"SEC TO PROBE INTO THE DARKEST CORNERS OF THE US STOCKMARKETS"

BY Tom McGinty and Kara Scannell

The Securities and Exchange Commission says it is taking a close look at flash quotes, high-frequency trading and other dark corners of the stock markets.

But by many accounts, the agency is outmatched by the traders and market venues with technology that is remaking the trading world.

The agency lacks its own traders with knowledge about cutting-edge strategies and how the markets operate. It long ago ceded the daily surveillance of trading to self-regulatory organizations, like NYSE Regulation and the Financial Industry Regulatory Authority. And it takes a lawyerly approach to regulation and rule making that rarely employs deep analyses ...