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Way back in 2005, a broker pal in NY warned me about algorithmic...

  1. Pactolus
    1,284 Posts.
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    15/09/17
    17:16
    Post #: 27252885
    Way back in 2005, a broker pal in NY warned me about algorithmic trading. I guessed correctly that when the ASX announced broker ID on trading screens would disappear, the robots would be let loose in Oz. And they were. I took up a petition signed by 300 advisers with various broker firms in an effort to stop this removal. Alas, I was unsuccessful. I believe the institutional firms were in favour of the removal and without their support I was done & dusted. I bet they now regret ignoring my protest.
    GSW Price at posting: $2.02 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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