Farwayduck (Germany) writes
Playing with the 1350 pieces and 1400 pieces were extremely all night. Only toward 07:00 CET the nightmare has ended. Of course data were about 720 about 600 1350 shares and 1400 shares. As soon as a normal buyer had bought shares for 0.14 AUD, were sold in 1350 or 1400, and the price was back at 0.135 AUD. In 0.135 was allowed to drop the price too. Then, minimum volume of 8 shares and 70 shares purchased and the price was back at 0.14 AUD. Immediately afterwards sold again in 1350 or 1400 shares and the price was back at 0.135 AUD. Look at even the opening of the stock price data (02.00 h CET to 07.00 CET on. Incredible! There really should intervene the stock market supervision.
Firehawk08 writes
IIRC, selling and buying from effectively the same party to itself is illegal.
Agent86 writes
Algorithmic trading is simply wrong - it distorts the marketplace.
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To me it is all about principle. As will be fired up in Australia, a computer that can run a program and at the end it is not the market and fair price out of it. It is like when you play against a chess computer that is set on the highest difficulty level. The normal human being, unless he is world champion now has against the computer, then no chance. Since every move is subject to the ASX detailed rules and regulations. But a unfair and fraudulent behavior, not just sanctioned. That it is what make me angry.
Alone with my complaint with the ASIC will do little good. Maybe there are other users who feel these methods as unfair and complain as well. Such types must feel they get any trouble, that would certainly cause quite a bit.
greetings
LSS
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