I have twice complained to ASX on bots and have been twice told that all that ASX is interested in is applying LISTING RULES. If I have a problem with Bots go to asic after proving manipulation. They have told me that ASIC gives them authority to licence them although it is believed they are currently looking into the practice. The head of ASX himself is on record as saying he is not too sure on the practice. the excuse the ASX uses is that every other exchange in the world is allowing it so we are too.
I wonder where we would be now without much tighter bank regulation, we strayed down the path of very relaxed regulation BECAUSE EVERY ONE ELSE WAS DOING IT!
This High court case is like a breath of fresh air!
No reply from ASX on my 2 emails re DML trading halt.
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