anger and frustration

Is anybody else angered and frustrated by what happens in the market?

Let's look at what occured yesterday. CFR, after spending a month in the doldrums, wakes up and its share price goes up two solid ticks, or 25%. The daily volume, which had averaged only a few million, suddenly leaps into the 25,000,000 range. Those of us with Market Depth access in our online brokerage accounts would have seen a sudden huge buyer enter the market in the middle of the day, followed by steady buying throughout the afternoon.

Now this was not some random punter who woke up on Tuesday and decided to spend $200,000 on Cluff shares. This was clearly the work of somebody, or a small group of people, who KNEW something about Cluff, enough to convince them that they could make a short term profit by getting in ahead of an announcement (out right now).

And because there is anonymity in the market, ASIC is powerless to prevent it happening. No amount of investigation is goign to uncover the whispers, the lunchtime meetings in the local coffee shop, the mobile phone calls made to a few friends and family.

It's about time all trades were publically identified. What possible legitimate reason is there to prevent this information being made public in real-time?