asic:accc:apra, page-7

Xanax here is some back up info to show my last post as being fact.
Seems they can't make it illegal now as everyone is doing it.What the f...!


"The second reason high-frequency trading is bad is that it uses machines to get trade information before competitors. Of course, trading based on extra-fast knowledge of the trading flow should qualify as inside information, and thus be illegal.

Unfortunately, it can't be made illegal, because market-makers do it all the time. And what's more is that stock exchanges make huge sums of money by renting space within feet of the exchanges' computers to high-frequency traders."

http://moneymorning.com/2011/10/11/bring-on-the-tobin-tax-but-only-after-making-this-one-key-fix/