I read somewhere that the bots make money even if the stock price doesn't move, just on the huge turnover and number of trades. A very funny game. Also to get the nano second speed, their computers are within feet of the ASX exchange computers. So who are the losers? not the small traders but other institutions who lose YOUR super money. But who cares as each pay day another lot of contributions are forwarded to super funds. The super fund managers and in crowd do nicely from the fees being charged. The government approves of this activity as super funds will eventually take over as the pension suppliers. Politicians will then have one less thing to worry about.
