If the ASX was truly an honest broker with the best interests of retail investors at heart, it would monitor trading, particularly the auctions, and reverse all trades where price manipulation was evident. This could be done with relatively simple automated (algorithmic) monitoring of trades, and automated trade reversal and penalty actions against offenders and their brokers. So no excuses for it being to difficult or expensive to implement. With AI, more sophisticated market manipulation could also be detected (although getting the AI to explain what it is 'seeing' could be difficult).
All IMO.
BLG Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held
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