KCN 1.25% $1.62 kingsgate consolidated limited.

If flash trading isn’t real, why are so many trading firms...

  1. 275 Posts.
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    If flash trading isn’t real, why are so many trading firms located in the same building as the ASX? It couldn’t be proximity to the ASX server which gives them a fraction of a second to see your trade placed and amend or cancel theirs and still have their amended trade arrive ahead of your legal trade on the lit market depth? This has happened to me and I video every trade I place now. Not that it would matter to ASIC. Their explanation to me was that it’s just a coincidence.

    What other explanation is there for the number of trading firms vying for office space in close proximity to the ASX server? A coincidence also?

    That market supervision update issue 45 is a brilliant piece of satire. Lifted from the Onion perhaps?
    Last edited by TheHyphen: 29/09/23
 
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