Furthermore ASIC, you cannot, under ANY circumstances allow the ASX to be taken over by a foreign entity, eg Singapore.
If manipulation and crime is already rampant on the ASX while it operates under Australian law and under your supervision, what would be the outcome if it was operated under the law/supervision of another country?
If you are toothless now, what then?
The savings and superannuation of the nation would be stripped to the bone by these vultures, and prospective Australian companies would be deliberately destroyed and prevented from competing with north American, European and Asian ones.
It is no wonder the only thing Australia can do is dig holes in the ground given the status quo.
ASIC, you really need to pull your heads out of your arses to protect this country and allow Australian companies to compete on an equal footing on the world stage. This means reigning in the algos and tempting the long-lost investor back into the market.
