The following insert is taken from the AFR's article titled "ASIC to reform share trading" Wednesday 22/04/2020
"The job of fixing the current inadequacies in the clearing and settlement process has fallen at the feet of Greg Yanco, ASIC’s executive director, markets, who is working on a share trading reform package.
Yanco has floated several ideas while consulting with market participants but the most likely solution is a minimum order size for trades during normal trading hours. It is possible the minimum dollar amount per trade will be $500."
If he brings in min $500 trades , say goodbye to short sellers HF and Algo traders !
Ann: Revised FY20 Earnings Guidance - Impact of Interest Rates, page-10
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