Ann: Ceasing to be a substantial holder, page-34

There are players in the ASX called market makers, their job is to perform a certain number of trades to just move the market around, that should be illegal, if a stock has no buyers or sellers then so what. How can a market find its equilibrium if market makers HAVE tooo move it around.

Also the reason that insto's like MS, UBS etc can do this is that they don't pay per trade. There should be a fixed minimum per trade amount to discourage trades for the sake of volume.


My view is that the ASX should NOT be a private company, it should be a public institution backed by legislation. Anyone can trade but the exchange should not be making money based on trading volume.