I think the ASX is in serious breech of it charter.
"ASX Group operates under a range of codes and charters that ensure its ability to provide fair and transparent markets."
http://www.asxgroup.com.au/asx-corporate-governance.htm
How can bots and algorithmic trading be fair and transparent to all participants?
It isn't by its very nature. It is designed to seek an advantage.
Cheers
asic:accc:apra, page-3
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